South America experienced the highest crypto ownership growth at 116.5%, more than 2x in one year

Key Takeaways

South America led in growth, surging by 116.5%, signaling rapid adoption in emerging markets.
Europe and Oceania also saw explosive growth, with 60.3% and 114.3% increases, respectively.
Asia remained dominant, with the highest number of owners, growing to 326.8M in 2024.
Africa showed the slowest growth (8.5%), suggesting possible barriers like regulation or adoption hurdles.

The global adoption of cryptocurrency saw remarkable growth across all regions between 2023 and 2024, with some regions experiencing exponential increases. South America led the way, growing by 116.5%, from 25.5M to 55.2M owners, likely driven by economic instability and increasing adoption of crypto as an alternative financial system.

Asia remains the largest crypto market, expanding from 268.2M in 2023 to 326.8M in 2024, reinforcing its dominance in digital asset adoption. Meanwhile, Europe (60.3%) and Oceania (114.3%) saw significant surges, suggesting growing confidence in digital currencies.

On the other hand, Africa had the slowest growth at just 8.5%, moving from 40.1M to 43.5M owners. This slow increase is contrary to previous trends of strong adoption, and may indicate regulatory roadblocks or market saturation in key regions.

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Period:

2023 - 2024

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