How many people use cryptocurrency? (2024)

Cryptocurrencies have been on a tear over the past decade.

In 2013, there were only 7 cryptocurrencies. Today, there are over 10,000 active cryptocurrencies.

Overall, cryptocurrencies hold over 2.4 trillion dollars worth.

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Top Cryptocurrency Statistics

The statistics in this article are about cryptocurrency markets, investing, daily usage, and cryptocurrency mining. Here are some of the key statistics to get you started:

• There are over 560 million cryptocurrency users worldwide
• Bitcoin constitutes about 50% of the total cryptocurrency market capitalization
• Binance users trade over Cryptocurrencies worth $11.5 billion every 24 hours
• Bitcoin’s record closing price peaks at over $73,000
• There are Almost 40,000 Crypto ATMs around the world

How many people use cryptocurrencies?

The latest data shows that there are approximately 560 million cryptocurrency users around the world.

Source: Triple A

Bitcoin Statistics

For years, Bitcoin has dominated the cryptocurrency industry.

The global cryptocurrency market capitalization (as of July 2024) is 2.2 trillion dollars. Bitcoin constitutes about 50% of this.

However, this is a notable drop from 2021, when Bitcoin had only gained under 60% of the market.

Bitcoin’s current all-time high price peaked at over $73,000 (March 14, 2024).

Source: CoinGecko

Cryptocurrency by region

Although cryptocurrencies have the reputation of being a global currency, the use and trading of cryptocurrencies are still prohibited in 51 countries, mainly in Africa and the Middle East.

Data from 2023 suggests that 47% of Nigerians and Turks own or use cryptocurrencies.

In 2024, 30% of Argentines own cryptocurrencies.

On the contrary, only 16% of Americans own or use cryptocurrencies.

In terms of cryptocurrency distribution, more than half is located in Asia (327 million).

Together, the United Arab Emirates (25.3%) and Singapore (24.4%) represent about half of all Bitcoin held.

Although cryptocurrencies are currently banned in China, the country has a huge interest in blockchain technology. In 2021, China developed over 16,000 new patent applications on blockchain.

However, as of the first quarter of 2024, the United States has a 57% share of all patents filed. This is an increase of 22% in the fourth quarter of 2023 35%.

China has a 8% share of patent filings. And the UK has a 2% share.

In total, 34% of the world’s cryptocurrency hedge funds are based in the tax-friendly Cayman Islands. The United States is close behind. 33%.

As for crypto hedge fund managers, 43% live in the United States, 19% in the UK, and 11% in Hong Kong.

Sources: Soldi.com, Triple A, Statesman, Statesman (2), Jet Ski

Cryptographic cyber attacks

Hackers stole over 75 billion dollars in cryptocurrency since June 2013.

Starting December 2020, approximately 15 billion dollars in cryptocurrencies have been lost due to exploits, cyber attacks and scams.

By October 2023, this has increased significantly to over 77 billion dollars.

The largest single attack has seen approximately 40 billion dollars lost when in May 2022 Terra Classic lost 40 billion dollars in a bank run.

However, starting October 2023, approximately 6 billion dollars it has been recovered.

Hackers stole over $1.38 billion of cryptocurrencies by June 2024, or more than double compared to the first half of 2023 657 million dollars.

Sources: DeFi Yield, News

Cryptocurrency Trading Statistics

People use trading platforms like Binance and Coinbase to trade cryptocurrencies and monitor their prices.

CoinMarketCap tracks trading volume for 250 various cryptocurrency exchanges.

Binance users trade $11.5 billion in cryptocurrency every 24 hours.

Meanwhile, Coinbase’s user base has grown from 23 million verified users in 2018 more than 110 million Today.

In total, 62% of cryptocurrency holders in the United States use Coinbase.

Sources: CoinMarketCap, Monetary base, Statesman

Cryptocurrency User Statistics

There are over 560 million cryptocurrency users worldwide. This is an increase of about 112x since 2016 (5 million).

Of those, 61% they are male and 39% I am female.

AND almost 3 out of 4 (72%) they are under 34 years old.

About 4 out of 5 (83.2%) American cryptocurrency holders own Bitcoin.

Despite the thousands of cryptocurrencies available, Bitcoin continues to be the most popular cryptocurrency in the United States.

Other popular cryptocurrencies include Ethereum (48.7%).

Fast food and casual dining restaurants are more likely to accept cryptocurrency payments than any other business.

A Statista survey on 21,941 companies have discovered that 1.904 Fast food and casual dining restaurants had cryptocurrency ATMs or accepted cryptocurrency as a payment method.

Completing the top 5 are:

In the meantime, 72% of game development studios are “not interested” in accepting cryptocurrency as payment.

Starting in 2022, only 1% of game developers have said they currently accept cryptocurrencies as payment, with 21% saying they were “a little interested” and 6% saying they were “very interested.”

However, international B2B blockchain transactions could top 1.7 billion dollars by 2025.

One of the first touted benefits of blockchain was how it would revolutionize cross-border transactions. In the B2B space alone, international blockchain transactions could hit $1.24 billion in 2024.

Sources: Triple A, Statesman, Measurement protocol, Coin Map, Game Developers Conference, Juniper Search

Cryptocurrency ATM

More and more businesses are starting to use cryptocurrencies as a payment method, and ATMs that dispense cryptocurrencies are popping up in major cities around the world.

Starting in July 2024, there are approximately 38,500 Cryptocurrency ATMs worldwide.

And now owners can exchange cryptocurrencies for cash 70 different countries.

there are currently about 450 cryptocurrency operators, down from almost 500 in early 2024.

At the time of writing, the top 10 ATM operators by number of ATMs are in operation 27,818 cars (72.3%).

The rest 437 Operators are responsible for 10,682 ATMs (27.7%).

At the forefront, Bitcoin Depot has a 19.8% share of all crypto ATMs (7.615 cars).

The top 10 cryptocurrency ATM operators are as follows:

In total, Los Angeles has more Bitcoin ATMs than any other city in the United States (1.657 Bitcoin ATMs and ATMs).

Other US hot spots include:

• The Houston (1.335)
• Chico (1.115)
• Dallas (1.036)
• Atlanta (842)

Source: ATM Radar

Cryptocurrency Mining Statistics

Crypto mining, or the process of validating millions of cryptocurrency transactions, is what leads to the creation of new virtual coins.

Over 93.5% of existing Bitcoins have been mined.

Starting in July 2024, there are 21 million Existing Bitcoins and 19,719,968 In circulation.

Bitcoin mining is becoming increasingly difficult. The first 90% It has been mined in 12 years. Miners will not release the final Bitcoin until the year 2140.

In total, about 38% of all Bitcoin mining occurs in the United States. Of this, about 30% of these occur in the state of Georgia.

Until July 2021, China was home to the majority of Bitcoin mining in the world. However, after China’s implicit ban on cryptocurrency use, the United States rose to the top spot.

Here is a breakdown of the top 5 countries by Bitcoin mining:

If Bitcoin were a country, it would rank 24th in overall energy consumption.

Bitcoin’s Carbon Footprint — 96 megatons of CO2 — is comparable to the nation of Uzbekistan.

And a single Bitcoin transaction consumes the same amount of energy as 1.024.183 VISA transactions.

Mining a single Bitcoin requires a huge amount of energy and computing power.

The true energy cost of a single Bitcoin transaction is 828.5 kWhTo put things in perspective, that’s equivalent to the average American household over a 28.4-day period.

Source: CoinGecko, Cambridge, Digital Economist

Wrap

Cryptocurrency is a complex ecosystem of crypto miners, investors, and consumers. And its growth has led to submarkets such as trading platforms, wallet apps, and crypto ATMs.

Cryptocurrency can be a volatile investment. Prices can go up and down, but the overall trend is for incredible long-term growth. What will cryptocurrency look like in another 10 years?

For more cryptocurrency related content, check out our Top 7 Cryptocurrency Trends, How many people own Bitcoin?AND 10 Important Blockchain Trends.

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