Roughly 6.8% of the global population now holds crypto assets, according to digital currency payment company Triple-A.
In a new report, Triple A says the number of people who own cryptocurrency is now 562 million, up by about 34% from 420 million in 2023.
Of the countries worldwide, the United Arab Emirates has the highest cryptocurrency ownership rate at 25.3%, followed by Singapore at 24.4%.
Other leading countries include Turkey (19.3%), Argentina (18.9%), Thailand (17.6%), Brazil (17.4%), Vietnam (17.4%), United States (15.5%), Saudi Arabia (15.0%), Malaysia (14.3%) and Hong Kong (14.3%).
Says Triple-A,
“Among the top 30 countries with the highest ownership rate, we find countries from various continents and economic standings – ranging from emerging markets like Turkey and Argentina to smaller economies such as Slovenia and Luxembourg.
Asia strengthens its reputation as a hub for digital currency adoption and innovation, with 10 of its countries ranking among the top 30 globally with the highest adoption rates.”
As to what drives the global surge in cryptocurrency ownership, Triple-A points to regulatory changes that paved the way for the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).
Discussions of crypto events such as the Bitcoin halving and the expanding educational resources that address the growing demand for information about digital assets also attract new investors.
The report says macroeconomic factors such as inflation and currency devaluation also fuel the rising adoption of cryptocurrencies.
Triple-A says new opportunities await as more people are likely to embrace crypto.
“With half a billion users globally, increased regulation, and technological advancements, cryptocurrency adoption and use rates will continue to rise.”
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