Cryptocurrency Statistics By Types, Adoption, Regions, Users, Cyberattacks, Security, Investments and Facts
Updated · Jan 10, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- What is Cryptocurrency?
- Types of Cryptocurrencies
- General Cryptocurrency Statistics
- Cryptocurrency Adoption Statistics
- Cryptocurrency Regional Statistics
- Crypto Assets Users Statistics
- Cryptocurrency Cyberattacks And Security
- Cryptocurrency Statistics By Industries
- Why Do People Invest In Cryptocurrency
- Cryptocurrency Future Trends
- Conclusion
Introduction
Cryptocurrency Statistics: Cryptocurrency, also called crypto, is digital or virtual money that uses encryption to protect transactions. No government or central authority controls it. Crypto works outside of the traditional banking system and uses various types of coins, with Bitcoin being the most well-known. When you own cryptocurrency, you don’t own anything physical.
Instead, you have the key to move information or digital units between people without needing an intermediary. Unlike physical coins, cryptocurrency payments are recorded as digital entries on a blockchain, which tracks all transactions. While a public ledger keeps track of these transactions, many users store their cryptocurrencies in digital wallets. In this article, we shall shed more light on Cryptocurrency Statistics.
Editor’s Choice
- There are over 20,000 cryptocurrencies in circulation.
- The top three cryptocurrencies by market cap are Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
- As of November 2022, there are approximately 200,000 Bitcoin transactions per day.
- By 2023, there are about 45 million crypto users in the U.S. and 420 million crypto users worldwide.
- 16% of Americans report having used, invested in, or traded a cryptocurrency.
- The global blockchain market was valued at $10.02 billion in 2023.
- The blockchain market is expected to grow to $67.4 billion by 2026, with a CAGR of 68.4%.
- Cryptocurrency Statistics stated that almost 39% of American crypto investors are aged 25-34, and 43% of them are women.
- Asia is the top region for crypto adoption, with 260 million crypto users, which is eight times more than Europe.
- As of 2022, Ethereum had over 80,000 NFTs, and 4.64% of its users owned at least one NFT.
- As of May 1, 2023, the total trading volume for NFTs was $150 million, with 930,000 NFTs sold.
- In 2021, the FBI received over 4,325 reports of cryptocurrency romance scams, with victims losing a total of $429 million.
- In 2023, Bitcoin mining used 81.7% of the total energy consumption of The Netherlands and used 36% more energy than Czechia.
- As of July 12, 2023, the total value of the cryptocurrency market was $1.22 trillion.
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What is Cryptocurrency?
A cryptocurrency, or crypto, is a type of digital money that works on a computer network without needing government or bank control. Records of who owns each coin are stored in a digital ledger, which is a secure online database.
This database uses strong encryption to protect transaction details, control the creation of new coins, and confirm who owns each coin. Even though the word “cryptocurrency” is used for many digital tokens on blockchain networks, these coins are not considered regular money.
They are sometimes treated as commodities, securities, or currencies depending on the laws of different places. In practice, cryptocurrencies are seen as their kind of asset. Some cryptosystems use validators to help manage the network.
Types of Cryptocurrencies
(Source: grandviewresearch.com)
| Token Type | Purpose of Use | An example of this type |
|
Asset-backed tokens |
Asset-backed tokens are digital forms of IOUs. Physical assets like gold, cash, artwork, or gemstones support these tokens. Users can get the real asset by sending the token back to the issuer, who will then give them the physical item in exchange. | Any physical item can be converted into an asset-backed token. Commonly, things like gold, crude oil, and soybeans are used for this. |
| Intrinsic tokens | These tokens, sometimes called “native” or “built-in” tokens, are digital currencies whose value depends on the market’s willingness to pay for them. They don’t stand for anything specific; they act as money. |
Bitcoin (BTC) and Ethereum (ETH) are two of the most popular types of intrinsic tokens. |
|
Utility tokens |
Utility tokens are used to raise money for new cryptocurrency projects. They usually have a specific use for the creator, like funding the project, but they can also provide access to certain products or services. Unlike equity tokens, utility tokens don’t give you ownership of an asset. | The Basic Attention Token (BAT) is used to make payments on publishing platforms. Golem (GNT) lets users rent computing power for different tasks. |
| Equity tokens | Equity tokens show ownership of an asset, such as company stock or property. The details are stored on the blockchain. They work much like traditional stocks, but instead of being recorded in a database or on paper, they are listed on the blockchain. These tokens also give you voting rights through the blockchain. |
Tesla and PayPal are examples of companies that can be bought as regular stocks or tokenized stocks on the blockchain. |
General Cryptocurrency Statistics
Cryptocurrency is one of the fastest-growing industries in the world today. Even though the first cryptocurrency was created 13 years ago, its use and value have grown significantly.
Here are some important figures and facts about cryptocurrency:
- India is the largest market for cryptocurrencies, with the U.S. in second place.
- Cryptocurrency Statistics stated that almost 97% of people think Bitcoin is a good investment, and 55% believe it is a strategy for long-term wealth.
- 57% of cryptocurrency owners in the U.S. are millennials, even though they make up only 30% of the population.
- Since Bitcoin was created, over 21,000 other cryptocurrencies have been launched. In terms of value, Tether is number one, followed by Ethereum and then Bitcoin.
- As of January 3, 2023, the total value of all cryptocurrencies was about $804 billion, with Bitcoin making up around $320 billion.
(Reference: investingintheweb.com)
- The global online payments market is expected to reach $16.62 trillion by 2028.
- As of January 3, 2023, the Bitcoin blockchain had grown to 446 terabytes, nearly double its size three years ago.
- By 2024, 40% of adults in the U.S. are expected to own cryptocurrency.
- Cryptocurrency Statistics stated that almost 63% of crypto owners plan to buy more cryptocurrency in the next year. The most wanted coins are Bitcoin, Ethereum, Dogecoin, and Cardano.
- As of March 2023, Bitcoin’s market value was $524.35 billion.
- In March 2023, the total market value of all cryptocurrencies reached $1.17 trillion.
- In 2024, 29% of cryptocurrency owners are women, a rise from 18% the previous year.
- Bitcoin remains the most popular cryptocurrency in 2024, holding a 76% share, followed by Ethereum (54%) and Dogecoin (26%).
- In March 2024, the average trading volume of cryptocurrencies over seven days was $100.27 billion.
- In early 2024, investments in new Bitcoin ETFs helped push Bitcoin’s price to a record high of over $73,000 in March.
Cryptocurrency Adoption Statistics
- Wallets store personal information in digital form, much like a regular wallet or bank account.
- By the end of 2020, there were 63 million wallet users, and this number grew by 3 million in the first quarter of 2021.
- Decentralized finance (DeFi) grew significantly in 2020. Bitpay handled $72 million in Bitcoin payments, and Blockfi offered crypto-backed loans worth $160 million.
- Experts predict that Europe will receive €350 million ($425 million) in blockchain funding between 2022 and 2023, showing fast growth in this area.
(Reference: security.org)
- Blockchain could help banks save $25 billion by 2030 by cutting costs in areas such as payments, compliance, and treasury operations.
- Coinbase, one of the largest cryptocurrency exchanges, had 43 million users by the end of 2023. The company also earned $1.4 billion in revenue in 2020, double its revenue in 2019.
- Peru had the highest rate of cryptocurrency adoption in South America in 2020, with 16% of the population using it.
- At the same time, Latin America held $25 billion in cryptocurrency, and the ability to send money overseas cheaply helped drive its growth.
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Cryptocurrency Regional Statistics
(Source: imarcgroup.com)
- The global cryptocurrency market is expected to make $56.7 billion in revenue by 2024.
- The market is projected to shrink by 20% from 2024 to 2025, bringing the revenue down to $45.3 billion by 2025.
- The median revenue per user in the cryptocurrency market is estimated to be $66.1 in 2024.
- The United States is expected to earn the most revenue, reaching $9.8 billion in 2024.
- The number of cryptocurrency users worldwide is expected to grow to 861 million by 2025.
- The penetration rate of users is predicted to be 11.05% in 2024 and to decrease slightly to 11.02% by 2025.
- Even with regulatory challenges, the United States continues to lead in cryptocurrency development and adoption, with major financial and tech companies taking the lead.
#1. Cryptocurrencies Statistics – Africa
- The cryptocurrency market in Africa is expected to earn $3.1 billion in 2024.
- The market is predicted to shrink by 3.93% from 2024 to 2025, resulting in $2.9 billion by 2025.
- Cryptocurrency Statistics stated that almost the median revenue per user in Africa’s cryptocurrency market is expected to be $57.0 in 2024.
- In Africa, the number of cryptocurrency users is expected to grow to 53.89 million by 2025.
- The user penetration rate is predicted to be 4.13% in 2024, slightly dropping to 4.05% by 2025.
- Cryptocurrency adoption is growing steadily in Africa, with countries like Nigeria and South Africa leading in user involvement and developing industry rules.
(Source: chainalysis.com)
#2. Cryptocurrency Statistics -United States
- The cryptocurrency market in the Americas is expected to reach $15.6 billion in 2024.
- The market is predicted to drop by 3.46% from 2024 to 2025 to $15.1 billion by 2025.
- The median revenue per user in the Americas’ cryptocurrency market is expected to be $84.1 in 2024.
- The number of cryptocurrency users in the Americas is expected to grow to 186.6 million by 2025.
- The user penetration rate is estimated to be 18.2% in 2024 and will slightly increase to 18.29% by 2025.
#3. Cryptocurrency Statistics – Asia
- The cryptocurrency market in Asia is expected to reach $17.4 billion by 2024.
- The market is predicted to shrink by 3.5% from 2024 to 2025, bringing the total down to $16.8 billion by 2025.
- The median revenue per user in Asia’s cryptocurrency market is expected to be $65.9 in 2024.
- The number of cryptocurrency users in Asia is expected to grow to 265.1 million by 2025.
- The user penetration rate in Asia will be 5.81% in 2024, slightly decreasing to 5.8% by 2025.
Crypto Assets Users Statistics
(Reference: statista.com)
- The above chart shows the number of identities verified crypto asset users from 2016 to June 2024 in millions.
- Bitcoin was created to avoid being tracked by banks and governments, so the exact number of users is difficult to determine.
- The closest data comes from Bitcoin’s trading volume against local currencies. It’s assumed that people in the UK are more likely to trade Bitcoin using British pounds, but this might only be true for some countries.
- Additionally, coins like Tether and Binance Coin, which are “stablecoins,” are often used to buy or sell Bitcoin, but these weren’t included in the data.
Cryptocurrency Cyberattacks And Security
- Over the past ten years, the security of cryptocurrencies and blockchain technology has become a big topic of discussion.
- The number of attacks has increased, and this has affected how people use these systems.
- Cryptocurrency Statistics stated that almost 11% of users have fallen victim to crypto scams, and the number of scams has grown a lot in the last decade.
- In early 2024, a major North American exchange suffered a significant breach, resulting in a staggering loss of $350 million—one of the largest in recent history.
- In 2023, people lost $3.2 billion in crypto due to scams and attacks. Although there were 50 major security incidents in 2023, the total amount lost was much higher.
- Ransomware attacks, where hackers demand payments in crypto because the transactions are more private, are common.
(Source: chainalysis.com)
- To improve safety, nearly 90% of centralized exchanges now use multi-factor authentication (MFA) instead of just two-factor authentication.
- Decentralized exchanges have also adopted more advanced security methods, but these have still been targeted at times.
- On average, when a cryptocurrency exchange is hacked, it loses $30 million. 1 in 4 exchanges has experienced a security issue that led to asset losses.
- Many users now protect their crypto by using hardware wallets, which store the coins offline, away from potential hackers.
- However, mobile wallets are also targeted, and each wallet hack costs an average of $10,000.
- In 2023, there were 2,500 reported wallet hacks, and many more may have happened but went unreported.
- Because of these risks, 65% of users now choose a cryptocurrency platform based on its security.
- However, only 40% of crypto owners use two-factor authentication (2FA) for their accounts.
(Source: chainalysis.com)
- Some users also need to remember their private keys, which causes them to lose access to their crypto.
- Cryptocurrency Statistics stated that almost 5% of crypto users face this problem. As security issues increase, governments and regulators are taking action.
- Over 100 countries have now set up rules to improve crypto security.
- In 2023, 150 cryptocurrency exchanges were fined for poor security, with fines totaling over $500 million.
(Source: chainalysis.com)
- Still, only 3 out of 10 exchanges fully follow the ISO 27001 security standards. One problem is that exchanges often don’t detect breaches right away; on average, it takes up to 48 hours to notice an attack.
- When a breach occurs, 80% of the assets may be lost, but only 20% are recoverable.
- Sadly, only 15% of users reported getting back all of their money after a security breach.
Cryptocurrency Statistics By Industries
- More than 85% of businesses in the U.S. are focusing on accepting cryptocurrency payments. Customers who use cryptocurrency typically spend an extra $250 per purchase compared to regular shoppers.
- The global market for luxury items is predicted to grow from $1.2 trillion to $1.4 trillion by 2025, with millennials making up 50% of the market.
- Cryptocurrency Statistics stated that almost 94% of cryptocurrency purchases are made by people under 40, mostly millennials and Generation Z.
- Cross-border digital money transfers are expected to reach $428 billion by 2025, with 15.8% of remittances already being sent using cryptocurrencies.
- Traditional ways of sending money are 388 times slower and 127 times more expensive than using cryptocurrencies.
- There are more than 30,000 businesses worldwide that accept cryptocurrency, and the number keeps growing.
- The gaming industry was worth $249.55 billion in 2022 and is predicted to reach $340 billion by 2027. Nearly 48.6% of Bitcoin owners want to use their Bitcoin for online gaming or gambling.
(Reference: investingintheweb.com)
- Los Angeles has the highest number of Bitcoin ATMs in the U.S.
- 44% of people who don’t currently own cryptocurrency are open to investing in it through their retirement accounts.
- Additionally, 81% of cryptocurrency holders would be interested in a credit card that offers crypto rewards.
Why Do People Invest In Cryptocurrency
- Cryptocurrency Statistics stated that almost 27% of investors think that investing in cryptocurrency gives them easier access to money.
- 30% of investors choose crypto because they support the mission and values behind it.
- However, the main reason most people invest in cryptocurrency is that it’s easier to get started than other types of investments.
- Here are the most common reasons people invest in cryptocurrencies:
| Reason To Invest In Crypto | Percentage of People |
|
Investing in crypto is more profitable than other traditional investments. |
21% |
| They trust it more |
24% |
|
Their friend’s and families’ investments performed well |
26% |
| Easier to access their money |
27% |
|
Believe in crypto’s mission statement |
30% |
| Easier to understand |
34% |
|
Easier to invest in |
42% |
Cryptocurrency Future Trends
- Bitcoin’s price grew by more than 173,000% from 2015 to 2023, and its expected annual growth rate is 56.4% from 2019 to 2025.
- Decentralized Finance (DeFi) platforms are predicted to have a Total Value Locked (TVL) of US$26.17 billion in 2024, growing by 9.07% each year. By 2028, the TVL is expected to reach US$37.04 billion.
- The NFT market is expected to generate US$2.38 billion in revenue in 2024 and have 16.35 million users by 2028.
- The top-selling NFT as of April 2024 is CryptoPunk #7804, which sold for $17.04 million.
- As of April 2024, there are 13,656 different cryptocurrencies, with Bitcoin leading the market, valued at $1.31 trillion.
- The total trading volume for cryptocurrencies in 24 hours is $116.61 billion, and Bitcoin holds a 51.46% share of the market.
- When it comes to making or losing money from crypto investments, 57% of people report making a profit, 16% are neutral about their results, 14% have lost money, and only 7% say they’ve earned much money.
- Cryptocurrency Statistics stated that the global adoption rate of cryptocurrency is 4.2%, with more than 420 million users worldwide.
Conclusion
There are currently over 13,217 cryptocurrencies, with a total value of $2.54 trillion, and Bitcoin makes up 40% of that value. Around 40% of Americans, or about 93 million people, are now using cryptocurrencies. On Binance, traders are actively involved, with daily trading volumes reaching $5.79 billion.
These Cryptocurrency Statistics show how more people are becoming interested in and investing in cryptocurrencies, suggesting a bright future for crypto in the ever-changing world of finance.
Sources
FAQ.
As a top cryptocurrency payments company, our goal is to share key statistics that can help businesses understand the market and find new opportunities. As of 2024, we estimate that about 6.8% of people around the world own cryptocurrency, with over 560 million crypto owners globally.
Changpeng Zhao, often called CZ, is the wealthiest crypto investor on our list. He is a Chinese-Canadian business owner and the creator and CEO of Binance, which is the biggest cryptocurrency exchange in the world by trading volume.
Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Master’s in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.
