Crypto Adoption Surges: 13% Increase in 2024

Global cryptocurrency adoption surged in 2024, with a reported 13% increase, according to recent reports. This growth was driven by a significant rise in the ownership of Bitcoin (BTC) and Ethereum (ETH), as well as the dominance of stablecoins.

Crypto.com, a leading cryptocurrency exchange, announced a major update for the trading community, confirming the 13% global crypto adoption increase in 2024. The year started with 583 million crypto owners, which swelled to 659 million by December, marking a significant increase in new joiners.

Bitcoin, despite being bound by a bearish price bracket, saw a 13% increase in ownership. Currently, there are 337 million BTC owners, accounting for over 51% of the entire crypto trading market. Ethereum, the second-largest cryptocurrency, experienced a 13.6% growth in ownership, with 142 million investors by the end of 2024, representing 21.7% of the crypto coin ownership.

The introduction of pro-crypto policies by governments, particularly under President Trump, has led to increased institutional interest in cryptocurrencies. The recent ETH Layer 2 network rally has also contributed to Ethereum's rapid growth.

Crypto adoption in 2024 surpassed mobile and internet adoption rates, with a 43% and 20% difference, respectively. According to a BlackRock study, the increased adoption of Bitcoin and other cryptocurrencies by the younger generation and even baby boomers has contributed to this outcome.

Country-wise reports indicate that India, the United States, Nigeria, and Kenya have shown the highest crypto adoption rates in 2024. The crypto community anticipates even bigger adoption in 2025.