Cryptocurrency Ownership Data

Learn about Cryptocurrency Adoption across the globe: Trends, Insights and Statistics

Global cryptocurrency adoption

Cryptocurrency adoption is growing around the world. As a leading cryptocurrency payments company, we strive to offer key statistics to help businesses better understand the cryptocurrency market—how you can reach untapped markets and grow your business. As of 2024, we estimated global cryptocurrency ownership rates at an average of 6.8%, with over 560 million cryptocurrencies users worldwide.

Leading Countries by Crypto Ownership Percentage

UAE

25.3%

Singapore

24.4%

Türkiye

19.3%

Argentina

18.9%

Owners Demographics

61%

Male

39%

Female

US$25,000

is the annual income of the average cryptocurrencies owner

71%

have a Bachelor’s degree or higher

72%

are aged under 34

Cryptocurrency ownership data

Country Data Year Population Ownership Ownership Percentage Report
India 2023 1,428,627,663 93,537,015 1,428,627,663 View Report
China 2023 1,425,671,352 59,134,683 1,425,671,352 View Report
United States 2023 339,996,563 52,888,108 339,996,563 View Report
Vietnam 2023 98,858,950 20,945,706 98,858,950 View Report
Pakistan 2023 240,485,658 15,879,216 240,485,658 View Report
Philippines 2023 117,337,368 15,761,549 117,337,368 View Report
Brazil 2023 216,422,446 25,955,176 216,422,446 View Report
Nigeria 2023 223,804,632 13,261,259 223,804,632 View Report
Iran 2023 89,172,767 12,000,000 89,172,767
Indonesia 2023 277,534,122 12,205,132 277,534,122 View Report

Cryptocurrency’s Rapid Growth: A Five-Year Surge

With a compound annual growth rate (CAGR) of 99%, the growth in ownership of cryptocurrencies far exceeds the growth rates of traditional payment methods, which average at 8% from 2018 to 2023. In fact, within the same period, the growth rate for cryptocurrency ownership surpasses that of several payment giants such as American Express.

Cryptocurrency across industries

E-Commerce

Luxury

Remittance

Gaming

85%

More than 85% of US merchants view enabling cryptocurrencies payments as a high priority

327%

Merchants who accepted cryptocurrencies payments saw an average ROI of 327% and an increase of up to 40% of new customers

$250

Customers who use cryptocurrency spend about $250 more per transaction on average than what the average customer spends

Download Our Report: The State of Global Cryptocurrency Ownership in 2024

Get the latest insights on digital currency ownership in our full report and discover the strategies driving success in this exciting new market!

About the Methodology

For the latest TripleA Global Cryptocurrencies Ownership data, TripleA utilized the following metrics: (i) Country Weighted Scoring, (ii) Global Weighted Scoring, (iii) Outlier Research and (iv) Primary Data Collection to obtain the most encompassing and accurate set of statistics in conjunction with the various data sources that we evaluate.

i. Country Weighted Scoring

Our ownership data is derived based on the report “The Chainalysis 2022 Geography of Cryptocurrency Report” in which each country is given a score based on 3 factors:

(1) the country on-chain cryptocurrency value received, (2) the country on-chain retail value received, and (3) the Peer-to-Peer exchange trade volume

Our number of users per country estimations are based on Canada’s score and a recent Central Bank of Canada report, which estimates that 5% of the Canadian population own cryptocurrencies. In order to estimated for all the countries, we calculated the correlation between the Chainalysis score (=0.196) and the Central Bank ownership = 5% and then applied the same rationale to other countries’ scores.

ii. Global Weighted Scoring For reports with findings on global cryptocurrency ownership, our number of users per country estimations are then based on the global data findings from the report. For example, in a recent University of Cambridge report which estimates that 1.83% of the worldwide population own cryptocurrencies, we applied the data across all countries to obtain the cryptocurrency ownership findings.

iii. Outlier Research For the specified countries: (a) China, and (b) India, in-depth research and data sampling was conducted due to the inherent nature (i.e large population size) of these countries that resulted in less accurate findings based on the above 2 approaches. Data collected from third-party providers and local TripleA data is then evaluated to obtain a more precise figure for the specified countries.

iv. Primary Data Collection TripleA has recently embarked on market research projects for select countries and we will be gradually expanding the scope of countries. Ownership results from the market research are representative of the national population of each country and are used in the evaluation and benchmarking along with the other methodologies utilizing secondary data sources.

The dataset from TripleA was supplemented with additional research and web scraping using commonly applied methodologies. Furthermore, publicly available data from a variety of sources was used to complement survey data. Utilizing data that are crunched with numerous criterias, various databases and significantly different factors, the processed data and findings are then weighed and analysed against each other based on the following benchmarks (i) Time of Publishing (ii) Scope and Scale of Survey (iii) Internet Penetration Rate for selected big, developing countries (iv) to obtain a finalised ownership number specific to each country. Hence, TripleA believes that our benchmarking study accurately captures the global economic activity in the cryptocurrencies asset industry.

A total of 16 reports and surveys were included and weighted to derive at our final numbers. These sources include:

  • FCA UK
  • PYMNTS
  • PSYMA
  • Finder
  • Finder Cryptocurrencies Report
  • RBK Russia
  • Gallup
  • University of Cambridge
  • Cryptocurrencies.com
  • Bank of America
  • Gemini
  • NORC
  • IFOP
  • Statista
  • Willy Woo

The data contained or reflected herein are proprietary of Triple-A.

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