According to Triple-A data, Binance CEO Richard Teng noted that cryptocurrency ownership has reached large global adoption, with over 562 million people worldwide holding digital assets.
Source: X
The data paints a compelling picture of the ongoing rise of digital currencies. Various countries display different holding patterns based on their economic classification.
According to the data, countries within the “Emerging Economies” category dominate in crypto ownership. The UAE leads the way at 25.3%, the highest percentage of ownership.
Singapore follows closely at 24.4%, while Turkey is at 19.3%. Both exhibit higher adoption rates compared to Advanced Economies like Switzerland (12.4%) and the United States (15.0%).
Other expanding markets, such as Argentina, Thailand, Brazil, and Vietnam, also show strong performance in cryptocurrency adoption. Brazil and Vietnam register 17.5% and 17.4%, respectively.
Related: UAE Dominates Global Crypto Adoption, Vietnam Surges to Second
Globally, the average percentage of cryptocurrency owners stands at 8.3%. This serves as a benchmark. Countries like South Africa, the Philippines, and Ukraine lie near this global average. This implies that while they are on the lower end of the spectrum, they still show interest in digital assets. However, countries like India (6.9%) and Germany (8.3%) are lagging in terms of adoption.
The Demographics of Crypto Ownership
According to demographics, 61% of crypto owners are male, while 39% are women. Additionally, 34% of crypto owners are between the ages of 25 and 34, showing that younger adults are active in digital assets.
Additionally, according to the data, 65% of individuals expressed interest in using cryptocurrency for payments. This signals a growing interest in practical applications of digital currencies beyond investment purposes.
Crypto ownership has grown in recent years. With a compound annual growth rate (CAGR) of 99%, the adoption of crypto assets has outpaced traditional payment methods, which grew at an average rate of just 8% from 2018 to 2024.
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