Global Cryptocurrency Ownership Reaches 562 Million, Asia Leads the Wave

June 1, 2024 · Crypto News, TGbot · Source:NewCoinSpot

A recent report reveals that 562 million people worldwide now own digital currencies, a notable increase from 420 million in 2023, representing 6.8% of the global population. Asia is at the forefront of this growth, with North America following closely behind. Overall, cryptocurrency adoption is rising globally, with significant increases across all continents.

Report Highlights:
Triple A, a fintech company enabling businesses to handle digital currency payments and expenditures, has released a report titled “The State of Global Crypto Ownership 2024.” This report delves into global cryptocurrency ownership trends and its evolving role in the financial ecosystem.

Key Findings:

  • Global Ownership Increase: Eric Barbier, Triple A’s founder and CEO, stated, “Today, 562 million people globally own some form of digital currency, up from 420 million in 2023. In other words, 6.8% of the world’s population owns and uses digital currency.”
  • Asia’s Leading Role: Asia is leading the surge in cryptocurrency ownership, with the number of holders rising from 268.2 million to 326.8 million, a 21.8% increase. This growth highlights Asia’s significant role in shaping the digital currency landscape.
  • North America’s Growth: North America saw a substantial increase, with holders rising from 52.1 million to 72.2 million, a 38.6% growth.
  • South America’s Surge: South America experienced a remarkable 116.5% increase in cryptocurrency ownership, from 25.5 million to 55.2 million.
  • Europe’s Significant Increase: Europe also showed notable growth, with holders increasing from 30.7 million to 49.2 million, a 60.3% rise.
  • Africa’s Steady Growth: Africa witnessed a moderate growth of 8.5%, with the number of holders increasing from 40.1 million to 43.5 million.
  • Oceania’s Doubling Interest: In Oceania, interest more than doubled, with holders rising from 1.4 million to 3 million, representing a 114.3% increase.

Conclusion:
The report concludes that cryptocurrency adoption is on the rise globally, with significant growth across all continents. This widespread increase underscores the expanding role of digital currencies in the global financial ecosystem. As cryptocurrency continues to gain traction, its influence on the financial landscape will likely grow, driven by the diverse and increasing number of users worldwide.