Global Crypto Adoption Surpasses 320,000,000 Users, Study Says – Here’s the Country Leading the Charge
A new study by a digital asset payments company reveals that hundreds of millions of people around the world use cryptocurrencies.
Singapore-based TripleA says the company collected data from more than a dozen reports and surveys to provide “the most comprehensive and accurate statistics” for its study.
According to the company’s research, the global crypto ownership rate has averaged 4.2% this year, representing more than 320 million users of digital assets worldwide.
At the forefront of global crypto adoption is the US with 46 million users, followed by India and Pakistan with 27 million and 26 million users respectively.
Broken down by continent, the study shows that Asia leads with 130 million crypto users. Africa ranks second with 53 million crypto users, followed by North America’s 51 million users.
Source: TripleA
According to the study, the growth of crypto users since 2014 seems to follow the trajectory of internet adoption in the 1990s.
Source: TripleA
As for Bitcoin (BTC), the study highlights that the leading crypto’s value by market cap has increased by a staggering 540,000% from 2012 to 2021.
“Bitcoin reached a 60% CAGR in 2021 and the cryptocurrency market is expected to grow at a CAGR of 56.4% from 2019 to 2025.”
Looking at the impact of crypto across different industries, the study highlights that 85% of US-based companies say enabling payments for digital assets is a high priority. Additionally, businesses accepting crypto payments saw an average 327% increase in return on investment and up to a 40% increase in new customers.
You can read the full report here.
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