HomeNewsCrypto Owners increase by 2X in some regions: Report

Crypto Owners increase by 2X in some regions: Report

There’s no surprise that Crypto has had a staggering growth since 2020, with an even higher trajectory in 2021. In fact, surveys show that some regions have had almost double the growth numbers in terms of crypto owners.

Popular crypto exchange Gemini has polled 30,000 respondents in 20 countries between November 2021 and February 2022. In this time period, they asked the respondents for a picture of the rapidly expanding crypto ecosystem. After collecting the results, the company released the findings as a part of its “2022 Global State of Crypto” report.

According to the crypto exchange’s findings, crypto adoption skyrocketed in 2021 in countries like India, Brazil, and Hong Kong. In terms of raw numbers, in India, the number jumped to 54% in 2021 whereas it jumped to 51% in Brazil and Hong Kong.

Besides this, there is a substantial growth in Latin America (LATAM) and the Asia Pacific (APAC) where 46% and 45% of respondents started purchasing crypto respectively.

Talking about the United States and Europe, 44% and 40% of respondents started purchasing crypto respectively.

In their survey, Gemini also found out that Indonesia and Brazil lead the world in terms of crypto investors. Moreover, countries like United Arab Emirates, Singapore, and Israel have significantly high crypto ownership rates.

The survey finds portray the limitations further limiting the growth of crypto ownership. According to the report, uncertain crypto regulations and lack of education remain the two biggest obstacles to the mass adoption of crypto.

Previously, Gemini had predicted that the number of US crypto investors will double in 2021. Besides Gemini, Huobi crypto exchange had predicted that 70% of crypto owners in the US started investing in Bitcoin for the first time in 2021.

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