Crypto Market Sizing Report H1 2024

Global crypto owners reached 617 million by the first half of 2024

Research Disclaimer

Crypto.com Research and Insights disclaimer for research reports

Key Takeaways

• Global cryptocurrency owners increased by 6.4% in the first half of 2024, rising from 580 million in December 2023 to 617 million by June 2024.
  • Based on our on–chain estimates:
    • Bitcoin (BTC) owners grew by 5.9%, from 296 million in December 2023 to 314 million by June 2024, accounting for 51% of global owners.
    • Ethereum (ETH) owners grew by 9.7%, from 124 million in December 2023 to 136 million by June 2024, accounting for 22% of global owners.
  • There could be approximately 388,000 to 1.6 million people invested in BTC via US spot  ETFs in addition to the above estimates.

• The main catalyst behind BTC’s adoption growth was the launch of US spot Bitcoin exchange-traded funds (ETFs) and Bitcoin’s fourth halving. 

• ETH’s adoption growth was mainly driven by rallies of Ethereum Layer-2 (L2) networks after the Dencun upgrade, which significantly reduced the transaction fees on L2s and boosted the overall scalability of Ethereum.

Read the full report: Crypto Market Sizing H1 2024

Authors

Crypto.com Research and Insights team

Get the latest market, DeFi & NFT updates delivered to your inbox:

Be the first to hear about new insights: