The number of global cryptocurrency holders reaches 562 million, accounting for 6.8% of the total population
Fintech firm Triple A recently released the State of Global Cryptocurrency Ownership 2024 report, revealing global cryptocurrency holding trends and their impact on the financial ecosystem. The report shows that the number of global cryptocurrency holders has reached 562 million, accounting for 6.8% of the global population. This data is a significant increase compared with 420 million in 2023. Triple A founder and CEO Eric Barbier noted in the foreword that this trend shows that digital currencies are becoming more popular and accepted around the world.
The report specifically points out that Asia is leading this growth wave.
The number of cryptocurrency holders in Asia increased from 268.2 million to 326.8 million, an increase of 21.8%.
North America followed, with the number of holders increasing from 52.1 million to 72.2 million, an increase of 38.6%.
South America saw the most significant increase, with the number of holders soaring from 25.5 million to 55.2 million, an increase of 116.5%.
Growth in Europe cannot be ignored either, with the number of holders increasing from 30.7 million to 49.2 million, an increase of 60.3%.
Growth in Africa was more modest, rising from 40.1 million to 43.5 million, an increase of 8.5%.
The number of Oceania holders increased from 1.4 million to 3 million, an increase of 114.3%.
These data show that the penetration rate of cryptocurrency is increasing globally, especially in areas with severe economic instability or currency depreciation. The appeal of cryptocurrency is particularly prominent. For example, high growth rates in South America and Oceania may reflect distrust of traditional financial systems and increased demand for alternative financial instruments in these regions.
Additionally, the report highlights the potential of cryptocurrencies to drive financial inclusion. In many developing countries, cryptocurrencies provide the unbanked with access to the financial system, promoting economic participation and development.
Overall, Triple A’s report demonstrates significant growth in global cryptocurrency ownership, reflecting the growing importance of digital currencies in the global financial ecosystem. As technology develops and regulations improve, this trend is expected to continue to grow, bringing more innovation and opportunities to the global economy.
