Global Cryptocurrency Ownership & Adoption Data for 2022

Last Updated: December 4, 2021

Jason Wise

Jason Wise

Cryptocurrency adoption is growing throughout the world. More and more people are making these transactions. These cryptocurrencies bypass state regulators, ensure privacy and provide unprecedented returns on investments. 
Global Cryptocurrency Ownership Data
EarthWeb is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cryptocurrency adoption is growing throughout the world. More and more people are making these transactions. These cryptocurrencies bypass state regulators, ensure privacy and provide unprecedented returns on investments. 

However, despite all the hype, not many know about what this buzz is all about. People are reluctant to go with it, questioning its authenticity. 

This is where our guide comes into play as we will explore global trends, data and statistics associated with this new form of digital currency. So, scroll down to read further. 

What is Cryptocurrency?

Cryptocurrency or crypto is a firm of digital currency that you can use to purchase services and goods. However, it uses an online ledger with strong cryptography for securing your online transactions. 

People take an interest in these unregulated currencies to trade on profits. Sometimes the speculators are driving the prices high, so there is a good chance that people may earn higher profits. 

The most popular of all these cryptocurrencies is bitcoin. And it has had some volatile price movements throughout the years. During April 2021, it skyrocketed to USD 65,000, and right in the next month, it lost almost half of its value. 

In October 2021, the price skyrocketed again, and bitcoin reached its all-time high to USD 66,000 before retreating slightly.

Many companies recently have issued their currencies which are commonly known as tokens. You can trade these tokens specifically for the services and goods that that particular company provides. 

You can think about these tokens as casino chips or arcade tokens that you use in a specific casino. Moreover, you can exchange real currency fr crypto for accessing a company’s offered commodities. 

Cryptocurrencies use blockchain, which is a technology that these digital currencies run on. It is a decentralized technology spread throughout many computers that can manage and record these crypto transactions. So, blockchain might be a decentralized technology, but it is pretty secure. 

How Many Cryptocurrencies Are There & What Is Their Worth? 

According to CoinMarketCap, more than 13,000 cryptocurrencies are active in the market today. 

Still, these digital currencies are increasing by raising money using ICOs (initial coin offerings). As of October 22, 2021, the total value of all cryptocurrencies was over USD 2.5 trillion. However, the number has slightly fallen from USD 2.6 trillion a few weeks earlier. Moreover, the total value of all bitcoins, the most popular crypto out there, is around USD 1.2 trillion. 

The ten best cryptocurrencies by market capitalization are listed as follows. These are the numbers taken on October 28, 2021.

CryptocurrenciesMarket Capitalization
BitcoinUSD 1.1 trillion
EthereumUSD 497.6 billion
Binance Coin (BNB)USD 81 billion
TetherUSD 70.1 billion
CardanoUSD 66.4 billion
Solana USD 59 billion
XRPUSD 49.7 billion
PolkadotUSD 41.6 billion
DogecoinUSD 41.2 billion
Shiba InuUSD 36.5 billion

The Global Cryptocurrency Adoption

Tripe A, a well-reputed crypto payment company, estimated the global ownership would grow by 3.9 percent in 2021.

There are over 300 million crypto owners throughout the world. More than 18,000 businesses have adopted and are already accepting cryptocurrencies as payments. 

Global Cryptocurrency

Here are some more interesting facts about global cryptocurrency adoption:

  • Bitcoin market capitalization crossed USD 1 trillion in February of 2021. 
  • Bitcoin alone constituted 66 percent of the overall market capitalization of crypto in 2020. 
  • India tops the list of most cryptocurrency owners that reach over 100 million. The USA is on the second spot with 27 million, and Nigeria is on the third spot with 13 million crypto owners. 
  • Almost 80 percent of the owners are males, while over 20 percent are females. 
  • 58 percent of the total global owners of crypto are under 34. While more than 82 percent at least have a Bachelor’s degree. 
  • More than 36 percent of the total owners of crypto have an annual income of more than USD 100,000.

Crypto Users Over Time

From 2012 to 2021, the price of the single biggest cryptocurrency, bitcoin, has increased more than 540,000 percent. It is a massive number considering the small time frame that it took for the achievement. 

Digital currency has an annual growth rate of over 270 percent in the year 2020 alone. The crypto market is expected to grow with a compound growth annually at 56.4 percent from 2019 to 2025. 

Global Cryptocurrency

As you can see in the graph, the numbers are climbing fast. There is a significant trend that you can see here. With a noticeable increase of internet users throughout the globe, the number of blockchain users is increasing too. 

The Recent Trends

Closer observation will show that the numbers that we have just described are changing pretty fast. This is due to the global adoption of cryptocurrency in the last year. It has increased by over 880 percent, with Vietnam, India, and Pakistan gaining significant leads in the ranking according to the Chainalysis Index.

This index ranks 154 countries based on the metrics, including P2P (peer-to-peer) exchange trading volume instead of gross transaction volume. The gross truncation volume favors the developed nations with higher levels of institutional and professional crypto purchases.

Global Cryptocurrency

And this trend is not only limited to individual users. Many international companies have started accepting crypto payments too. Companies like Microsoft, ExpressVPN, Wikipedia, Overstock, and American Red Cross were the early adopters of this digital currency. Quickly after, Subway Save the Children, NameCheap, and Galactic joined them. 

And the numbers have been growing ever since. More recently, brands like Burger King, KFC, AT&T, Expedia, BMW, Crate&Barrel, Booking.com, Coca Cola, PayPal, Starbucks, and Twitch have also jumped the bandwagon. 

Industrial Crypto Trends 

Significant effects of crypto are visible across all sectors. But, some sectors have seen more of it than others. Retail, luxury, gaming, and remittance are the few that the growth of crypto has most influenced. Here are some stats to consider in this regard: 

Retail

  • More than 40 percent of the customers that are paying through cryptocurrencies are new to their merchants. So newer customers are more inclined towards paying in crypto. 
  • The number of transactions paid using crypto on many eCommerce sites has grown by 12.5 percent each year. Therefore, more and more customers prefer to pay through cryptocurrencies each year. 
  • The merchants who accept digital currencies have seen a return on investment of over 320 percent. Hence, more and more merchants are using digital currencies for increased profits. 

Luxury

  • These digital currencies protect luxury brands against the risk of grey or counterfeit markets. 
  • These brands can use cryptocurrencies for the creation of exclusive experiences and limited items. Only crypto owners can go for these limited editions items and unique experiences. Therefore, they are also promoting the use of cryptocurrencies due to their increased profits. 

Remittance 

  • Cross-border transfer and digital remittances have almost reached USD 96 billion in the year 2020. It means that already there is a scope of using digital currencies for these transfers.
  • Almost 16 percent of remitters are already using digital currencies to transfer their money cross-borders. So, people are already using this form of currency to send their money to other countries. 
  • One of the primary reasons some people are already using digital currencies to transfer their money across borders is that crypto is 388 times faster and 127 times much cheaper than conventional remittance methods. 

Gaming 

  • Almost 42 million gamers will have cryptocurrency in the year 2020. With the gaming industry flourishing as ever, this number is expected to grow at a serious rate. 
  • The estimated market revenue of the crypto gaming industry is USD 321 million in the year 2020. And this number is estimated to grow at a significant rate in the coming years, with more and more gamers joining in. 
  • The Asia-Pacific region has seen the most growth recently, with the highest crypto ownership of 22.6 million gamers. 

Future Trends of Cryptocurrency

According to a study, the cryptocurrency market will grow three times by 2030. Allied Market Research generated this report. As per its assessment, the annual growth from 2021 to 2030 will be 12.8 percent per annum. 

The overall market share will be USD 4.94 billion in the year 2030. It was poised at USD 1.49 billion in 2020. The primary drivers will be increasing demand for global remittances and better transparency within international payment systems.

Over two-thirds of the industry size in 2020 came from the cryptocurrency mining segment. And experts estimate it to retain its dominant position throughout the future decade. 

But the fastest growth is anticipated in the transaction segment, with more and more individuals and corporations engaging in cryptocurrency. As per the report, the fastest growing industry sector will be Asia-Pacific due to the increased competition from growing exchange numbers. 

According to another study, again by Allied Market Research based on the crypto-asset management market, this market will grow to USD 9.4 billion in the year 2030. It was USD 670 million in 2020. 

This study also highlighted that the Asia-Pacific region would be at the forefront of global growth due to more crypto mining enterprises in these locations. These enterprises will drive the demand for asset management services and products to assist their business processes. 

Final Word

Without a doubt, cryptocurrencies are here to stay. More and more individuals and corporations are inclining to use this form of currency to make their transactions faster and more secure. 

The global crypto market is increasing steadily without showing any signs of stopping any time soon. Hence, it is true to say that digital currencies are an inevitable future. 

Millions of people and thousands of businesses are already using it. If you are looking to increase your return on investment trifold, you should start dealing in crypto too. 

Sources:

  • https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index
  • https://download.blockdata.tech/blockdata-remittance-market-blockchain-technology.pdf
  • https://news.bitcoin.com/digital-remittances-reach-96-billion/
  • https://news.bitcoin.com/report-use-of-cryptocurrencies-for-remittance-is-growing-in-popularity/
  • https://triple-a.io/crypto-ownership/
  • https://www.businesswire.com/news/home/20200929005406/en/Study-Shows-Merchants-That-Accept-Bitcoin-Attract-New-Customers-and-Sales
  • https://www.cnbc.com/2021/08/18/new-cryptocurrency-bitcoin-user-global-map.html
  • https://www.coindesk.com/markets/2021/08/18/crypto-asset-management-market-will-exceed-9b-by-2030-study/
  • https://www.coindesk.com/markets/2021/08/25/cryptocurrency-market-will-more-than-triple-by-2030-study/
  • https://www.iii.org/sites/default/files/docs/pdf/insurance_factbook_2020.pdf
  • https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-news-btc-ethereum-crypto-b1949676.html
  • https://www.nerdwallet.com/article/investing/how-to-invest-in-bitcoin
  • https://www.prnewswire.co.uk/news-releases/cryptocurrency-market-to-reach-4-94-billion-globally-by-2030-at-12-8-cagr-allied-market-research-836503660.html

Written by Jason Wise

Hi! I’m Jason. I tend to gravitate towards business and technology topics, with a deep interest in social media, privacy and crypto. I enjoy testing and reviewing products, so you’ll see a lot of that by me here on EarthWeb.