Global Crypto Ownership Reaches 562 Million People in 2024: New Report

 

Cryptocurrency Ownership by Region in 2024

Which countries have the highest cryptocurrency ownership rate? Let’s have a look. 

Top 30 countries with the highest cryptocurrency ownership rate

The United Arab Emirates and Singapore top the chart with the highest ownership rates, with 25.3% and 24.4% respectively. Among the top 30 countries with the highest ownership rate, we find countries from various continents and economic standings – ranging from emerging markets like Turkey and Argentina to smaller economies such as Slovenia and Luxembourg.

Asia strengthens its reputation as a hub for digital currency adoption and innovation, with 10 of its countries ranking among the top 30 globally with the highest adoption rates. Discover more details, including a comparative analysis of digital currency ownership across regions and usage trends, in our full report.

What’s Driving the Surge in Cryptocurrency Ownership Worldwide

Regulatory Changes

In 2024, clearer regulations transformed cryptocurrency from a niche market into a significant player in global finance. This regulatory evolution bolsters investor confidence and paves the way for groundbreaking products like Bitcoin Spot ETFs. 

Media Sensation and Education Resources

Events like the Bitcoin Halving spark market activity and fuel discussions everywhere, from online forums to casual chats. The buzz centers on the potential for huge gains, fueled by FOMO – the fear of missing out on the next big thing. This irresistible mix of financial opportunity and cutting-edge tech keeps attracting new investors eager to ride the crypto wave.

In response, educational resources like Binance Academy, Crypto.com University, and Coinbase Institute are expanding to meet the growing demand for information about this cutting-edge technology.

Apart from the above-mentioned forces, the rising adoption of cryptocurrencies is also fueled by various macroeconomic factors, such as inflation and currency devaluation. These aspects will be explored in greater detail in our full report here.

More than a form of investment – Cryptocurrency as an efficient Payment Method

Digital currencies extend beyond investment vehicles and are being increasingly embraced by consumers and businesses as a reliable payment method for everyday transactions.

For instance, Grab has partnered with Triple-A to enable users to top up wallets using digital currencies. This integration allows consumers to use digital assets for everyday activities, from ordering deliveries and booking rides to purchasing coffee at local shops.