KEY TAKEAWAYS
- Crypto.com reports a 13% increase in global cryptocurrency ownership, reaching 659 million by the end of 2024.
- Institutional adoption, particularly through Bitcoin and Ethereum ETFs, significantly contributed to this growth.
- Crypto.com achieved regulatory milestones, including approvals in Dubai, Ireland, and Bahrain, and plans to expand into stocks, banking, and cards.
- Pro-crypto policies in the US, following Donald Trump’s election, have fostered a favorable environment for digital assets.
Singapore, February 20, 2025 – Crypto.com has released its annual Crypto Market Sizing Report, highlighting a significant increase in global cryptocurrency ownership. According to the report, the number of cryptocurrency owners worldwide rose by 13% in 2024, growing from 583 million in January to 659 million by December.
This growth was largely driven by increased institutional adoption of cryptocurrencies, particularly through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). These financial instruments provided investors with new avenues to access and trade these digital assets.
Institutional Adoption and Policy Shifts Fuel Growth
The report attributes part of this growth to positive momentum in pro-crypto policies, especially in the United States. Following Donald Trump’s victory in the US presidential election, there was a notable shift in the cryptocurrency market, fostering a more favorable environment for digital assets.
Bitcoin owners saw a 13.1% increase, rising from 298 million in January to 337 million in December, accounting for 51.2% of global crypto owners. Ethereum owners grew by 13.6%, from 125 million to 142 million, representing 21.7% of the total.
Crypto.com’s Expansion and Regulatory Milestones
Crypto.com itself experienced substantial growth, surpassing 100 million global users. The platform achieved several regulatory milestones, including full operational approval in Dubai and recognition as a Virtual Assets Service Provider (VASP) by the Central Bank of Ireland. Additionally, it received approval to provide payment services from the Central Bank of Bahrain.
The company also unveiled its Crypto.com Roadmap, outlining its expansion strategy into stocks, banking, and cards. Kris Marszalek, Co-Founder and CEO of Crypto.com, stated, “This past year was incredibly significant for the crypto ecosystem as it solidified the foundation for what is expected to be even more exponential growth to come.”
The findings of Crypto.com’s Market Sizing Report are based on a combination of on-chain data and blended parameters to estimate the number of global cryptocurrency owners. The full report is available here.
Why This Matters: Impact, Industry Trends & Expert Insights
Crypto.com reports a 13% increase in global cryptocurrency ownership in 2024, driven by institutional adoption and favorable policies.
Recent industry reports indicate that institutional adoption of cryptocurrencies is on the rise, with 75% of financial institutions planning to enhance their digital asset strategies. This aligns with the news of increased cryptocurrency ownership as institutional interest in digital assets such as Bitcoin and Ethereum continues to grow.
A Goodwin Law publication highlights how pro-crypto policies under the Trump administration have positively impacted the digital asset market. This supports the report’s findings that favorable policy shifts are contributing to the growth in cryptocurrency ownership.
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