A new study reveals the behavior of crypto users in Italy and around the world, in the time period from 2019 to 2024. In these five years, Italian cryptocurrency holders have increased by 118%, with over 4 million Italians converting to crypto trading.
Italy: the 118% increase in crypto users in five years
A new study has revealed some data on crypto users in Italy and worldwide, analyzing them in the time period from 2019 to 2024.
In these five years, it seems that the number of Italian crypto holders has increased by 118%.
Nothing to do with Germany and Canada which, in the same period, recorded an increase in cryptocurrency holders in their countries of +225% each. Following this, the ranking sees the United States, with an increase in crypto users from 2019 to 2024 of +220%.
In this sense, the percentage increase of crypto utenti italiani places the country in 21st position in the world ranking and 7th in the European ranking.
In fact, the European countries that in the last five years have seen a greater growth of Italian crypto holders, besides Germany, are Portugal (122%), Finland and France (125%), Hungary (133%), and Sweden (+200%).
On the contrary, registering the same growth rate of Italian crypto users are Lithuania and the United Kingdom.
Looking more closely at the data, it emerges that in 2019 there are some countries that have a higher percentage of crypto holders compared to others.
Here, Nigeria emerges with 28%, followed by Thailand with 23% and Vietnam with 22%. In Italy, the percentage of the population already crypto holder in 2019 was only 6%.
If, on the other hand, you look at the percentages of crypto users in 2024, the situation is almost similar. However, Turkey stands out with 47%, followed closely by Nigeria and Thailand with 44%.
Despite the higher percentages of crypto users, the growth of these countries remains lower compared to the podium.
Italy and the 4 million new crypto users in the last five years
Speaking in numbers, the study also reveals how many new crypto holders have actually been accumulated in the last five years in the different countries.
And so, Italy would have recorded well over 4 million crypto users from 2019 to 2024, bringing the total to 7.6 million holders.
Nothing to do with the increase seen in India which sees over 200 million new holders, going from 109 million in 2019 to 314 million in 2024.
Alternatively, the second in the ranking is Indonesia, which has recorded an increase of crypto holders by 56 million.
Finally, here emerges Nigeria and its strong growth, which sees an increase of new crypto holders by 48 million, bringing its total in 2024 to over 104 million.
Returning to the data concerning Europe, the comparisons with the numbers recorded by Italy are closer.
In fact, between 2019 and 2024, France recorded an increase of over 3.3 million holders, the United Kingdom of 4.8 million.
Not only that, the Netherlands and Belgium have seen new crypto users added for a total of 1.1 million and 962,000 respectively.
The interest in the sector is from 13 million Italians
Recently, another study revealed that in 2024, in Italy, there are as many as 13 million users interested in crypto. This is stated in the report by the Blockchain & Web3 Observatory of the Politecnico di Milano.
Specifically, there are about 2.7 million Italians who are crypto holders in 2024, a figure that represents a decrease of -11% compared to the 3.6 million in 2023.
In any case, in the survey, 85% of Italians reportedly stated that they own cryptocurrencies for a capital of less than 5,000 euros, while 57% specified that they are crypto holders for less than 1,000 euros.
Regarding the crypto market in Italy, the data reveals a certain stability. In fact, it seems that the Italian Blockchain & Web3 market of 2024 amounted to 40 million euros, with an increase of +5% compared to 2023.
