There are more than 20 million crypto owners in Vietnam, or 21.2% of the country's population (Photo: AFP/VNA)

The United Arab Emirates (UAE) has the highest rate of crypto ownership, with 34.4% of its population holding crypto currencies.

Founder of blockchain startup Ninety Eight Le Thanh said that reports in recent years showed that cryptocurrency ownership in Vietnam is high and a popular type of asset, especially among the young.

A survey by Coin98 Insights in late December 2023 found that crypto owners in Vietnam aged 26 to 36 accounted for 47% of all trades, while those aged 18-25 accounted for nearly 38%.

Data from blockchain research company Chainalysis, released in March, showed crypto users in Vietnam ranked third in the world in terms of profits from trading in 2023, with a total value of 1.18 billion USD.