Since the creation of Bitcoin in 2009, the adoption of cryptocurrency has only grown.
Today, it’s become a global financial phenomenon, with hundreds of millions of users worldwide.
In fact, the global cryptocurrency market is worth over $2 trillion today.
Below, we explore some key statistics that highlight the current state of cryptocurrency ownership and usage.
Top Crypto Stats
- The global cryptocurrency market is now worth $2.42 trillion.
- Bitcoin is the most valuable cryptocurrency, with a market cap of $1.41 trillion.
- Today, more than 2.52 million cryptocurrencies exist.
- The global cryptocurrency market currently supports 562 million users.
- Asia leads the world in crypto ownership with 326.8 million users in 2024.
Cryptocurrency Market Overview (Size & Share)
The global cryptocurrency market cap is currently $2.42 trillion.
Of the industry’s total market cap, Bitcoin is the largest cryptocurrency, with a market dominance of 58.32% or $1.41 trillion as of November 2024.
Behind Bitcoin is Ethereum, which has a market dominance of 12.80% or $309.76 billion.
Combined, Bitcoin and Ethereum account for $1.69 trillion, or 69.67% of the total cryptocurrency market.
Currently, the top nine cryptocurrencies make up 87.33% of the global cryptocurrency market cap.
Here’s a look at the current market dominance and market cap for each.
| Cryptocurrency | Market Dominance | Value (USD) |
|---|---|---|
| Bitcoin (BTC) | 58.32% | $1.41 trillion |
| Ethereum (ETH) | 12.80% | $309.76 billion |
| Tether (USDT) | 5.11% | $123.66 billion |
| Binance Coin (BNB) | 3.55% | $85.91 billion |
| Solana (SOL) | 3.33% | $80.59 billion |
| USD Coin (USDC) | 1.47% | $35.57 billion |
| XRP (XRP) | 1.24% | $30.01 billion |
| Dogecoin (DOGE) | 0.99% | $23.96 billion |
| Cardano (ADA) | 0.52% | $12.58 billion |
| Others | 12.67% | $306.61 billion |
According to recent data, revenue in the cryptocurrency space is expected to reach $56.70 billion in 2024.
While the crypto space can be volatile year over year, annual revenue has risen significantly since 2017.
| Year | Revenue | Revenue Change |
|---|---|---|
| 2017 | $1.6 billion | 0% |
| 2018 | $4.5 billion | 181.25% |
| 2019 | $6.6 billion | 46.67% |
| 2020 | $12.9 billion | 95.45% |
| 2021 | $64.1 billion | 396.90% |
| 2022 | $37.7 billion | -41.18% |
| 2023 | $30.3 billion | -19.63% |
| 2024 | $56.7 billion | 87.13% |
In 2024, the average revenue per user in the crypto market is projected to be $66.10.
From 2017 to 2020, the average revenue per user remained stable at $126.80. In 2021, however, the figure spiked significantly to $215.40.
Here’s a breakdown of the average revenue per user in the crypto space between 2020-2024.
| Year | Average Revenue (per user) | YoY Change |
|---|---|---|
| 2020 | $126.80 | 0% |
| 2021 | $215.40 | 88.60% |
| 2022 | $88.00 | -127.40% |
| 2023 | $52.30 | -35.70% |
| 2024 | $66.10 | 13.80% |
This figure has declined significantly in recent years, largely due to rapid growth and the influx of new users in the crypto space.
Source: CoinGecko, Statista
How many cryptocurrencies are there?
As of 2024, there are more than 2.52 million cryptocurrencies in existence.
However, this figure also includes inactive and worthless cryptocurrencies. The number is much smaller when you eliminate “dead coins” from the list.
According to CoinMarketCap, there are 9,922 active cryptocurrencies with daily price action, active holders, and a market cap.
Source: CoinMarketCap, CoinGecko
How many people own cryptocurrency?
As of 2024, the global cryptocurrency user base has grown to 562 million people compared to 420 million in 2023. This represents an increase of 34% year over year.
Approximately 6.8% of the world’s population holds some form of cryptocurrency.
Bitcoin is the most popular cryptocurrency. There are currently 46,737,328 wallets worldwide that hold at least $1 worth of Bitcoin.
Source: Triple-A, BitInfoCharts
Growth of Cryptocurrency Over Time
The growth of cryptocurrency and the number of available coins did not take off until the end of 2021 and into 2022.
From April 2014 to April 2024, the number of cryptocurrencies grew from 67 to 2,522,209. That represents an increase of 3,764,390%.
In September 2022, the number of cryptocurrencies surpassed one million and reached 1,031,177.
Below is a complete look at the growth of cryptocurrency over time, dating back to January 2009, when Bitcoin was created.
| Month/Year | Number of Cryptocurrencies |
|---|---|
| January 2009 | 1 |
| April 2013 | 7 |
| January 2014 | 67 |
| January 2015 | 501 |
| January 2016 | 572 |
| January 2017 | 636 |
| January 2018 | 1,359 |
| January 2019 | 2,086 |
| January 2020 | 2,403 |
| January 2021 | 5,154 |
| January 2022 | 519,563 |
| January 2023 | 1,187,733 |
| January 2024 | 2,116,226 |
| April 2024 | 2,522,209 |
Source: CoinGecko
Cryptocurrency Usage by Country
The United Arab Emirates (UAE) leads the world in global cryptocurrency adoption with a 25.3% ownership rate.
Singapore sits closely behind the UAE at 24.4%, while the United States lags behind at 15.5%.
Below is a look at the top 30 countries ranked by cryptocurrency ownership rate.
| Rank | Country | Crypto Ownership Rate |
|---|---|---|
| 1 | United Arab Emirates | 25.30% |
| 2 | Singapore | 24.40% |
| 3 | Turkey | 19.30% |
| 4 | Argentina | 18.90% |
| 5 | Thailand | 17.60% |
| 6 | Brazil | 17.50% |
| 7 | Vietnam | 17.40% |
| 8 | United States | 15.50% |
| 9 | Saudi Arabia | 15.00% |
| 10 | Malaysia | 14.30% |
| 11 | Hong Kong | 14.30% |
| 12 | Indonesia | 13.90% |
| 13 | South Korea | 13.60% |
| 14 | South Africa | 12.40% |
| 15 | Switzerland | 11.50% |
| 16 | Philippines | 10.70% |
| 17 | Venezuela | 10.60% |
| 18 | Ukraine | 10.30% |
| 19 | Canada | 10.20% |
| 20 | Slovenia | 9.90% |
| 21 | Mexico | 9.70% |
| 22 | Australia | 9.60% |
| 23 | Luxembourg | 9.20% |
| 24 | Chile | 9.00% |
| 25 | Ireland | 8.70% |
| 26 | Norway | 8.70% |
| 27 | Belgium | 8.60% |
| 28 | Cyprus | 8.30% |
| 29 | Germany | 8.30% |
| 30 | India | 8.20% |
| 31 | Worldwide | 6.90% |
Crypto ownership has exploded worldwide over the past year. From 2023 to 2024, every continent saw positive growth in crypto ownership.
Asia has 326.8 million cryptocurrency owners, the most in the world. In 2023, Asia had 268.2 million cryptocurrency owners, marking a 21.8% YoY increase.
While Asia saw the highest increase in total cryptocurrency owners, other continents, such as South America (116.5%) and Oceania (114.3%), saw larger YoY increases.
Here are the exact figures for each continent:
| Continent | 2023 | 2024 | % Change |
|---|---|---|---|
| Asia | 268.2M | 326.8M | 21.80% |
| North America | 52.1M | 72.2M | 38.60% |
| Africa | 40.1M | 43.5M | 8.50% |
| Europe | 30.7M | 49.2M | 60.30% |
| South America | 25.5M | 55.2M | 116.50% |
| Oceania | 1.4M | 3.0M | 114.30% |
Source: Triple-A
Crypto Investor Demographics
61% of cryptocurrency owners are male while 39% are female.
The latest data shows that 34% of cryptocurrency owners are aged 24 to 35.
The second largest age group of crypto owners is adults 35 to 44, making up 31% of all cryptocurrency owners.
Here is a look at the male and female ownership of cryptocurrency within different age groups.
| Age Group | Men Ownership (%) | Women Ownership (%) |
|---|---|---|
| 18-24 | 8% | 8% |
| 25-34 | 20% | 14% |
| 35-44 | 20% | 11% |
| 45-54 | 8% | 5% |
| >54 | 5% | 3% |
Cryptocurrency use varies by race and ethnicity.
Asian adults have adopted cryptocurrency more than any other race or ethnicity.
28% say they have used cryptocurrency in some capacity.
Meanwhile, approximately one in five Black and Hispanic adults claim to have used cryptocurrency in the past.
Only 14% of white adults have used crypto before.
| Race/Ethnicity | % of Adults Who Have Used Cryptocurrency |
|---|---|
| Asian | 28% |
| Black | 20% |
| Hispanic | 21% |
| White | 14% |
Source: Triple-A, Pew Research Center
Conclusion
Cryptocurrency continues to see widespread growth and adoption across the globe. Specifically, the number of cryptocurrencies and the number of global users continues to rise.
As digital currencies become more mainstream, these trends suggest that cryptocurrency is here to stay, with increasing participation from diverse demographics worldwide.
