Cryptocurrency has been making waves in the financial sector for the past few years, disrupting traditional markets and generating a huge amount of interest from new and seasoned investors alike.
While the majority of crypto activity has been in trading digital tokens, seeing them purely as an investment opportunity, cryptocurrencies are designed to be spent and used just like any other fiat currency.
Naturally, it has taken businesses some time to adjust to accepting this new form of payment, especially as the value of crypto is quite volatile and can fluctuate dramatically. Even though more places are starting to accept crypto payments, it can still be difficult to use digital currencies in everyday life.
To get a better understanding of how widely cryptocurrencies have been adopted, we’ve compiled a list of over 250 companies that accept crypto. Using this data, we are able to reveal the countries and industries where crypto is the most accepted as a legitimate currency.
The countries where crypto is most widely accepted
We can also split the data geographically, revealing the countries that are home to the most crypto-accepting businesses. In cases where a company is present in more than one country, we have used the location of the company HQ.
| Rank | HQ Location | Businesses Accepting Crypto | Global Share |
| 1 | USA | 127 | 48.47% |
| 2 | UK | 28 | 10.69% |
| 3 | Canada | 12 | 4.58% |
| 4 | Germany | 10 | 3.82% |
| 5 | Switzerland | 7 | 2.67% |
| 6 | Netherlands | 6 | 2.29% |
| 7 | Cyprus | 5 | 1.91% |
| 7 | Hong Kong | 5 | 1.91% |
| 7 | Spain | 5 | 1.91% |
| 10 | Australia | 4 | 1.53% |
| 10 | Thailand | 4 | 1.53% |
1. United States
Crypto-Accepting Businesses: 127
Total Share: 48.47%
The United States is home to the most crypto-accepting businesses with a total of 127, accounting for 48.47% of those in our study. The United States is the epicentre of most crypto activity, from public interest in cryptocurrencies to having the largest number of crypto startups.
2. United Kingdom
Crypto-Accepting Businesses: 28
Total Share: 10.69%
The United Kingdom has the second highest number of crypto-accepting businesses at 28, which equates to 10.69% of businesses in our study. The UK, and London more specifically, is a global financial capital and one of the world’s largest business centres, which might explain the high acceptance rate of cryptocurrencies seen here.
3. Canada
Crypto-Accepting Businesses: 12
Total Share: 4.58%
Canada has the third highest number of crypto-accepting businesses at 12, accounting for 4.58% of those in our study. This reveals that all three of the top countries for crypto acceptance are English-speaking, indicating that customers within the Anglosphere have the greatest opportunity to use cryptocurrency to pay for goods and services.
