#CryptoUsersHit18M The rise in cryptocurrency users has been a notable phenomenon in recent years, reflecting growing global adoption. Here’s a look at the key reasons and trends behind this expansion:

Global Crypto User Growth:

1. Recent Figures:

• By 2024, the total number of cryptocurrency users exceeds 420 million globally, according to various studies.

• This adoption has increased significantly: in 2021, there were around 300 million users, showing a steady annual growth.

2. Geographic Distribution:

• Regions like Asia (India, China, South Korea), Africa, and Latin America are seeing massive adoption thanks to a need for alternative financial systems.

• Europe and North America continue to account for a strong share of the market, driven by institutional investments.

Factors behind this increase:

1. Increased accessibility:

• Exchanges like Binance, Coinbase, and Crypto.com have made it easier to buy and manage cryptocurrencies.

• Mobile apps and digital wallets make it easy for beginners to use.

2. Interest in alternative investments:

• With low interest rates and a distrust of traditional banks, many people are turning to crypto as a store of value or speculative investment.

3. Growth of DeFi and NFTs:

• Decentralized applications (DeFi) and NFTs (non-fungible tokens) are attracting a new wave of users interested in loans, savings, or digital works.

4. Use as an economic solution:

• In countries with high inflation (like Argentina or Venezuela), cryptocurrencies serve as an economic haven.

• International remittances via crypto are also a cheaper and faster solution.