Survey: Global Cryptocurrency Holders Surpass 560 Million in 2024 with 34% Annual Growth – Which Country Leads the Pack?

Singapore cryptocurrency payment company Triple-A recently released a report stating that cryptocurrencies are entering the mainstream at an unprecedented pace. By 2024, the number of global digital currency users will reach 562 million, accounting for 6.8% of the global population, a significant increase of 34% from last year’s 420 million.
Among the cryptocurrency holders, 34% are between the ages of 24 and 35, making it the largest age group. In terms of cryptocurrency ownership, the top three economies are the United Arab Emirates, Singapore, and Turkey, with proportions of 25.3%, 24.4%, and 19.3% respectively.


Asia remains in the lead
The report indicates that Asia is leading in terms of the number of cryptocurrency holders, increasing from 268.2 million last year to 326.8 million this year. North America follows with 72.2 million holders, followed by South America with 55.2 million, Europe with 49.2 million, Africa with 43.5 million, and Oceania with 3 million.


Factors driving growth include regulation and media hype
Triple-A states that regulatory changes are a major factor contributing to the surge in global digital currency users. With clearer regulatory requirements in 2024, cryptocurrencies are transitioning from a niche market to a significant participant in the global financial sector. This regulatory evolution enhances investor confidence and paves the way for innovative products such as Bitcoin spot ETFs.
Triple-A also highlights the expansion of media coverage and educational resources as another driving factor. Events such as Bitcoin halving have ignited market activity and sparked various discussions from online forums to offline conversations. In response, educational resources like Binance Academy, Crypto.com University, and Coinbase Institute are expanding to meet the growing demand for cutting-edge technology information.
In addition to these factors, macroeconomic factors such as inflation and currency depreciation are also driving the popularity of cryptocurrencies. Triple-A notes that digital currencies are not only investment tools but also increasingly favored by consumers and businesses as reliable payment methods for daily transactions. Looking ahead, with strengthened regulation and technological advancements, the adoption rate of cryptocurrencies will continue to rise on the foundation of 500 million global users.


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