Cryptocurrency has been around since 2010, but it has gained significant traction in recent years as both an investment and a payment method.

Secured through cryptography and global computer networks, cryptocurrency is now a powerful financial force, reshaping our understanding of money, investment, and governance.

By 2024, cryptocurrency has become a widely accepted payment method, with many retailers and online platforms embracing it.

Its appeal lies in its ease of use, transparency, and security, making it an increasingly popular choice for financial transactions and investments.

We have gathered data to illustrate how cryptocurrency is rapidly taking over the digital financial space.

Cryptocurrency User Count

As of 2024, the number of cryptocurrency users stands at 833.70 million and is expected to reach nearly 992.50 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.46%.

From 2023 to 2024 alone, the user count increased by 24.34%, rising from 670.50 million.

In 2017, there were only 30.45 million users, marking an extraordinary growth of 2630.14% over the past seven years.

This rapid increase of users globally indicates that cryptocurrencies are becoming a mainstream financial tool worldwide.

Countries With Highest Number Of Crypto Owners

According to a May 2024 report, India and China lead in the number of cryptocurrency owners, with 93 million and 59 million, respectively. The U.S. follows with 53 million crypto owners, representing 15.6% of its population.

Regarding the percentage of the population owning cryptocurrency, the UAE ranks highest globally, with approximately 30.4% holding digital assets. Vietnam comes in second, with 21.2% of its population—21 million people—engaged in cryptocurrency.

India and China dominate in the sheer number of cryptocurrency owners, while the UAE and Vietnam lead in the proportion of their populations involved in cryptocurrency.

Cryptocurrency User Demographics

Around 62% of cryptocurrency owners globally are white, while only 6% are Asian.

Millennials represent the largest crypto owners, making up 57% of the total. Generation X accounts for 20%, Baby Boomers make up 8%, and Gen Z comprises the remaining 13%.

This demographic breakdown highlights the significant presence of millennials in cryptocurrency, indicating their strong interest and involvement in digital assets.

Cryptocurrency Market Statistics

In 2024, the cryptocurrency market is valued at approximately $44.29 billion and is expected to grow to $64.41 billion by 2029, with an anticipated CAGR of 7.77%.

Back in 2018, the market was valued at approximately $15.89 billion. From 2018 to 2024, the market saw an impressive growth of 178.84%, further highlighting cryptocurrency’s increasing popularity and adoption.

Cryptocurrency Market Size By Region 

North America dominates the global cryptocurrency market, with a market size of $1.2 trillion, capturing 24.4% of the international transaction volume.

Close behind are Central, Northern, and Western Europe, with a market value of $1 trillion, accounting for 17.6% of global transactions.

Central & Southern Asia and Oceania (CSAO) also have a vibrant and fast-growing cryptocurrency market, ranking third in crypto activity worldwide, contributing 20% to global crypto activities, just behind North America and Europe.

These regions are the most significant players in the cryptocurrency space, driving a substantial portion of global activity based on transaction volume.

Here’s the ranking of the regions based on the cryptocurrency market size –

  1. Northern America
  2. Central, Northern, and Western Europe
  3. Central & Southern Asia and Oceania (CSAO)
  4. East Europe
  5. Eastern Asia
  6. Middle East & North Africa (MENA)
  7. Latin America

Cryptocurrency Statistics By Country: Adoption Rate 

Country Adoption Rank (Global) Population Using Crypto (%) P2P Exchange Usage Rank (Global) Monthly Active Users (Approx.)
Vietnam 1 21.6 2 8,200,000
India 4 7.3 3 100,000,000
Nigeria 5 32 1 33,000,000
United States 8 14 5 46,000,000
Philippines 2 20.3 4 9,800,000
Russia 9 17.4 6 18,300,000
Turkey 12 16.8 9 16,400,000
Brazil 7 10.2 8 15,700,000
Pakistan 6 11.5 7 11,200,000
Ukraine 10 13.5 10 8,400,000

Market Share Of Cryptocurrencies

The global market capitalization of cryptocurrencies is $2.08 trillion, with Bitcoin alone accounting for $1.16 trillion. This gives Bitcoin a dominant market share of 55.77%.

Following Bitcoin, the top cryptocurrencies by market capitalization are Ethereum, Tether, BNB, and Solana. Ethereum, Tether, and BNB have market caps of $312.68 billion, $116 billion, and $76 billion, respectively, representing market shares of 15.02%, 5.58%, and 3.65%.

Solana’s market capitalization is $65.03 billion, holding a market share of approximately 3.12%.

Cryptocurrency Revenue Statistics

Experts predict that global cryptocurrency revenue will reach $56.7 billion by the end of 2024, reflecting substantial growth. However, the market is expected to experience a negative CAGR of -20.01% through 2025, potentially reducing revenue to around $45.3 billion.

Comparing the revenue from 2023 and 2024 shows an estimated growth of 87.13%, indicating a significant upward trend despite the anticipated decline in 2025. Notably, in 2023, the cryptocurrency market generated $303 billion in revenue.

Cryptocurrency Average Revenue Per User

In 2024, the cryptocurrency market’s average revenue per user (ARPU) is expected to be $66.1. However, by 2025, this figure is projected to decrease to $52.7, alongside an overall decline in total market revenue.

The peak ARPU was recorded in 2021 at $215.4, indicating a significant decline of 69.29% compared to the forecasted ARPU for 2024.

Cryptocurrency Statistics

  1. Globally, 69% of cryptocurrency owners are men. (Source – triple-a.io)
  2. Women make up 39% of the global cryptocurrency ownership. (Source – triple-a.io)
  3. 71% of cryptocurrency owners hold a bachelor’s degree or higher degree. (Source – triple-a.io)
  4. 72% of cryptocurrency owners are under the age of 34. (Source – triple-a.io)
  5. In 2023, user penetration was approximately 8.8%, projected to grow to 12.5% by 2027. (Source – enterpriseappstoday.com)
  6. Cryptocurrency ranks as the 8th largest economy. (Source – enterpriseappstoday.com)
  7. As of July 2023, there are approximately 26,000 cryptocurrencies in existence. (Source – stash.com)
  8. Two of the top 10 cryptocurrencies are directly pegged to the USD: Tether and USDC. (Source – explodingtopics.com)
  9. About 8% of the US population engages in cryptocurrency trading. (Source – explodingtopics.com)
  10. Over 85% of U.S. merchants consider enabling cryptocurrency payments a top priority. (Source – triple-a.io)
  11. Merchants who accepted cryptocurrency payments experienced an impressive average ROI of 327% and saw up to a 40% increase in new customers. (Source – triple-a.io)
  12. In April 2013, only seven cryptocurrencies existed. (Source – explodingtopics.com)
  13. Customers who use cryptocurrency spend about $250 more per transaction than the average customer. (Source – triple-a.io)
  14. Nearly 48.6% of cryptocurrency owners will likely consider using their digital assets for online gaming or gambling. (Source – triple-a.io)
  15. In 2021, 25.1% of cryptocurrency owners used their digital assets for online gaming or gambling purchases. (Source – triple-a.io)
  16. Bitcoin is the only digital asset recognized as legal tender in El Salvador and the Central African Republic. (Source – worldcoin.org)
  17. When compared globally, the United States is projected to generate the highest revenue, reaching $9,788.0 million in 2024. (Source – Statista)
  18. As of 2022, about 21 percent of American adults have owned cryptocurrency. (Source – bankrate.com)
  19. North America led the global market in 2020, holding a 33.02% share. (Source – fortunebusinessinsights.com)
  20. The North American cryptocurrency market was valued at USD 273 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 10% from 2021 to 2028. (Source – fortunebusinessinsights.com)
  21. Approximately $112 billion is traded in cryptocurrency daily. (Source – buybitcoinworldwide.com)
  22. According to a 2023 report, 65% of cryptocurrency users own Bitcoin. (Source – buybitcoinworldwide.com)
  23. The 2023 report indicates that 18,000 businesses are already accepting cryptocurrency payments. (Source – buybitcoinworldwide.com)
  24. More than 2,300 new cryptocurrencies were launched in 2020. (Source – buybitcoinworldwide.com)
  25. As of 2023, there are 419 cryptocurrency spot exchanges globally. (Source – buybitcoinworldwide.com)
  26. India ranked first on the global crypto adoption index in 2023. (Source – moneyzine)
  27. The global cryptocurrency trading volume has fallen to approximately $24 billion daily since October 2023. (Source – moneyzine)
  28. Cryptocurrency transactions increased by 17% in 2023 compared to 2022. (Source – moneyzine)
  29. In the first half of 2023, cryptocurrency crimes decreased by 65% compared to July 2022. (Source – moneyzine)
  30. Only 1.1% of all cryptocurrency transactions are illegal. (Source – moneyzine)
  31. The top 10 centralized crypto exchanges reported a combined trading volume of $1.42 trillion in Q2 2023. (Source – stash.com)

FAQs

1. How Many People Use Cryptocurrency?

As of 2024, 833.70 million people use cryptocurrency. This number is projected to approach 992.50 million by 2028. The cryptocurrency user base is expanding rapidly, with significant growth expected over the next few years, potentially surpassing the 1 billion user count mark soon.

2. Which country is the biggest cryptocurrency holder?

A report from May 2024 highlights that India and China top the list of countries with the most cryptocurrency owners, counting 93 million and 59 million, respectively. The U.S. comes next with 53 million crypto holders.

3. What percentage of the US population owns cryptocurrency?

The United States has approximately 53 million cryptocurrency owners, making up 15.6% of its population. This places the U.S. third globally regarding the total number of crypto owners and the percentage of the population involved in cryptocurrency.

4. Which country has the most crypto investors?

India leads the world in the number of cryptocurrency investors, with 93 million crypto owners, ranking first globally.