Crypto trader Binance ranked among the largest cryptocurrency exchangers in the world in 2024, with trading volume that was several times as high as Bybit or OKX. It should be noted that these figures are separate from platforms Binance.US, Binance TR or Binance.KR. The platform from the Cayman Islands faced investigations from the U.S. SEC, which came to a head in November 2023. Binance did not rank as the most used cryptocurrency exchanges used by consumers in the United States. Binance's settlement with the U.S. In November 2023, Binance agreed to pay a four billion U.S. dollar settlement with United States agencies — one of the biggest corporate fines in U.S. history. The U.S. Department of Justice investigated the platform for years for failure to prevent money laundering and growing crypto theft. The company's founder and CEO Changpeng Zhao pleaded guilty to the charges, agreeing to step down. Zhao would remain as the company's majority shareholder. The U.S. Treasury announced Binance will be subject to five years of monitoring and “significant compliance undertakings, including to ensure Binance’s complete exit from the United States.” Mixed signals from crypto companies The Binance settlement occurred in a month when overall crypto trading volume recorded its highest numbers for all of 2023. One of the main causes is the sudden popularity of FTT, a token released by FTX — the company founded by Sam Bankman-Fried. The developments surrounding Binance caused investors to move away from Binance's stablecoin BNB to the stablecoin from FTX. Earlier in November 2023, however, Coinbase saw its shares fall after announcing its quarterly performance figures.

A United States consumer survey suggests that Coinbase was more popular for crypto trading in 2023 than Robinhood and Crypto.com combined. More than six out of 10 U.S. crypto owners indicated in February 2023 they used Coinbase as a platform. This is similar to information on which crypto wallets are popular in the United States, where Coinbase also ranked as a popular platform based on daily active users. The source of this particular ranking, however, did not ask additional questions on how these platforms are used, such as for buying or selling, or only for cryptocurrency storage.

As of November 2024, FameEX was the largest South Korean cryptocurrency exchange with a 24-hour trading volume of around 8.7 billion U.S. dollars. Upbit and OKX followed with around 7.6 billion and 5.3 billion dollars, respectively. The Korean cryptocurrency market has grown extensively over the past few years, then the market capitalization and transaction amount began to decrease in 2022.

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Cryptocurrency Market Size 2025-2029

The cryptocurrency market size is forecast to increase by USD 39.75 billion at a CAGR of 16.7% between 2024 and 2029.

The market continues to evolve at an unprecedented pace, driven by increasing investment in digital assets and growing acceptance by retailers as a legitimate form of currency. According to recent reports, global investment in cryptocurrencies reached an all-time high in 2020, with institutional investors leading the charge. This trend is expected to continue, as more financial institutions explore the benefits of cryptocurrencies for portfolio diversification and transaction settlement. However, the market's volatility remains a significant challenge for both investors and businesses. The value of cryptocurrencies can fluctuate dramatically in a short period, making it difficult to predict future trends and assess risk. Despite this, many companies are finding ways to capitalize on the opportunities presented by the market. For instance, some retailers have begun accepting Bitcoin and other cryptocurrencies as payment, while others are exploring blockchain technology to streamline transactions and enhance security. To navigate this complex and dynamic market, companies must stay informed about the latest trends and developments. This includes keeping abreast of regulatory changes, technological advancements, and market sentiment. By doing so, they can position themselves to take advantage of emerging opportunities and mitigate potential risks. Overall, the market offers significant potential for growth and innovation, but also presents unique challenges that require careful planning and strategic foresight.

What will be the Size of the Cryptocurrency Market during the forecast period?

Request Free SampleThe market, driven by the underlying technology of blockchain, represents a decentralized currency system that has gained significant global adoption as a digital alternative to traditional fiat currencies. With a total market capitalization surpassing USD2 trillion, this dynamic market is characterized by price volatility, presenting both opportunities and risks for investors. Theft and security concerns, regulatory outlook, and energy consumption with environmental effects are among the challenges faced by this industry. Skilled developers and financial services institutions are increasingly embracing this digital revolution, leveraging blockchain technology to create innovative consumer protection solutions and ensure financial stability. Meanwhile, the rise of decentralized systems and public ledgers has given way to the proliferation of digital assets, leading to an influx of fraudulent investments. Renewable energy sources and blockchain talent are becoming essential components of the cryptocurrency ecosystem as the industry strives to address concerns related to energy consumption and environmental effects.

How is this Cryptocurrency Industry segmented?

The cryptocurrency industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeBitcoinEthereumOthersRippleBitcoin CashCardanoComponentHardwareSoftwareProcessMiningTransactionMiningTransactionEnd-UseTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceGeographyNorth AmericaUSCanadaEuropeGermanyItalySwitzerlandThe NetherlandsUKAPACChinaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The bitcoin segment is estimated to witness significant growth during the forecast period.Bitcoin, the largest cryptocurrency by market capitalization, is a decentralized digital currency valued at over USD470 billion. It operates on a peer-to-peer (P2P) system without central authorities. The top four stablecoins, Tether, USD Coin, Binance USD, and DAI, are directly pegged to the US dollar and collectively hold a significant market share. In the US, approximately 8% of the population engages in cryptocurrency trading. Bitcoin, as a digital asset, is created, stored, processed, and transferred using blockchain technology – a decentralized system. Other cryptocurrencies like Ethereum, Ripple, and Litecoin also follow this model. The market is evolving, with financial services increasingly adopting digital assets for transactions, investments, and consumer protection. Blockchain technology powers digital wallets, crypto exchanges, and smart contracts, enabling decentralized finance, token offerings, and decentralized applications. The market is subject to price volatility and theft risk, necessitating wallet security and regulatory compliance. Energy consumption and environmental effects are areas of concern, with renewable energy solutions emerging. Skilled developers are in high demand for cre

Interest in Bitcoin and cryptocurrencies in 2020 was seemingly higher in Africa and Latin America than some of the world's developed economies. This shows after analyzing Bitcoin trading volume against domestic currencies used for the transaction of the digital coin. In 2020, roughly 420 million U.S. dollars worth of Russian rubles were used to buy Bitcoin on an exchange, against 400 million U.S. dollars worth of Nigerian naira. The source assumes the currencies are mainly used by the domestic population - e.g. transactions made with British pounds are likely done by UK residents -, and makes the same assumption for the United States, despite the international appeal of the U.S. dollar on foreign exchange markets.

Africa and Latin America lead the way

Although the source does not mention all countries in Africa and Latin America, the few entries these regions do have in the list stand out. Bitcoin trading volume in Nigeria, for instance, was twice as high as that of the eurozone in 2020. Colombia's market size was twice that of Canada. Whether this interest is for actual payment use on a day-to-day basis or as a tool for investment is not really clear. Data from Statista's Global Consumer Survey on payment methods in Egypt reveals that eight percent of Egyptians either owned or used Bitcoin, but does not specify the exact use or purpose of the cryptocurrency.

Bitcoin: the "Renaissance"

Believed by some to fade into obscurity after hitting the news in 2017 and price declines that followed afterwards, the world's most well-known cryptocurrency witnessed a "rebirth" at the end of 2020: Within five days in January 2021, the price of Bitcoin soared from 30,000 U.S. dollars to 40,000 U.S. dollars. Bitcoin's market cap - calculated by multiplying the total number of Bitcoins in circulation against its price - grew as well, more than doubling in early January 2021 against November 2020

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

Tesla made headlines in 2021 when it comes to buying Bitcoin (BTC), but the software company MicroStrategy held over twice their amount of the cryptocurrency. This according to an overview created by accessing what information was available from publicly listed companies, such as from their quarterly reports or filings. The figures provided are on how much Bitcoin the companies have bought and keep in their their corporate treasury, essentially making cryptocurrencies part of their assets and that company's investment strategy. Two companies stand out in this list: first, Tesla announced in March 2021 it would accept BTC directly - Bitcoins paid for their cars would be retained as Bitcoin, and not converted from BTC to U.S. dollar. This is unlike other companies that accept Bitcoin as a payment method like Microsoft, which uses payment processor called BitPay to convert cryptocurrency to fiat currency. Second, there is Coinbase: One of the world's largest cryptocurrency exchanges amid a Bitcoin price surge, the U.S. company went public in April 2021 and was seen as a potential blockbuster IPO.

This statistic presents the leading cryptocurrency exchanges around the world in 2018, by total trading revenue per day. Biance was the leading exchange, with a daily trading revenue of approximately 3.48 million U.S. dollars.

The global user base of cryptocurrencies increased by nearly 190 percent between 2018 and 2020, only to accelerate further in 2022. This is according to calculations from various sources, based on information from trading platforms and on-chain wallets. Increasing demographics might initially be attributed to a rise in the number of accounts and improvements in identification. In 2021, however, crypto adoption continued as companies like Tesla and Mastercard announced their interest in cryptocurrency. Consumers in Africa, Asia, and South America were most likely to be an owner of cryptocurrencies, such as Bitcoin, in 2022.

How many of these users have Bitcoin?

User figures for individual cryptocurrencies are unavailable. Bitcoin, for instance, was created not to be tracked by banks and governments. What comes closest is the trading volume of Bitcoin against domestic fiat currencies. The source assumed, however, that UK residents were the most likely to make Bitcoin transactions with British pounds. This assumption might not be accurate for popular fiat currencies worldwide. On top of that, coins such as Tether or Binance Coin - referred to as "stablecoins" - are often used to buy and sell Bitcoin. Those coins were not included in that particular statistic.

Wallet usage declined

Total crypto wallet downloads were significantly lower in 2022 than in 2021. The number of downloads of Coinbase, Blockchain.com, and MetaMask, among others, declined as the market hit a "crypto winter" over the year. The crypto market also suffered bad press when FTX - one of the largest crypto exchanges based on market share - collapsed in November 2022. Binance, on the other hand, regained some of the market share it had lost between September and October 2022, growing by 0.8 percentage points in November.

Crypto 24h trading volume declined as 2023 progressed, with figures being one-third lower than in 2022. The decline follows after Binance and Coins - two of the biggest crypto exchanges in the world - received lawsuits in the United States. Observations are also that the crypto market was quiet after April, citing a lack of a "strong overarching narrative". This is in contrast to 2021 and 2022 when cryptocurrency dominated the news and many people sought fortune in the digital currency.

Bitcoin developments

Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 203 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin.

Changes in Ethereum staking in 2023

Ethereum's trade volume changed in 2023 due to the rollout of the Shapella (Shanghai and Cappella) upgrade. The update allowed investors to withdraw (unstake) Ethereum deposited into the network. Staking can be somewhat compared to depositing money at a bank, where one would submit money to be held and gains interest as time goes by. Lido has the highest staking pool (a platform that allows for staking) in Ethereum, higher than major crypto exchanges Coinbase and Kraken.

Decentralized Finance users reached a peak of 7.5 million unique users in late 2021, whereas figures in 2023 are considerably lower. This according to a network crawling code that tries to measure the number of unique user addresses involved in buying or selling specific projects associated with DeFi. For example, the code lists data fetching commands associated with Uniswap and Aave — two DeFi protocols with a market cap that was higher than one billion U.S. dollars in March 2022. As Decentralized Finance — much like cryptocurrencies or NFTs — are not being tracked by an official government, these procedures try to measure "network activity". Such activity on the Ethereum blockchain/network, the most used blockchain for DeFi, or elsewhere — tend to be the only source of information on the market size of these topics. However, the source does acknowledge the numbers shown are not without their potential flaws. DeFi in 2023 is relatively small-scale Often remarked as a potential breakthrough trend for 2024, the TVL (total value locked) of DeFi in 2023 reveals a market that is much smaller than in 2021. The amount of money stored in Decentralized Finance was worth about 50 billion U.S. dollars by November 2023, compared to 175 billion U.S. dollars at the end of 2021. Two reasons can be named for this decline. First, the overall cryptocurrency markets has witnessed several dramatic moments. Prices declined after the crash of stablecoin LUNA, and the sudden collapse of crypto exchange FTX in 2022. In 2023, the United States government handed out one of its largest ever corporates fines to Binance — the world's largest crypto exchange. Second, analysts believe the high yield on U.S. Treasury bonds in 2023 when compared to DeFi yields negatively impacted the young industry — as these bonds pose lower risk than DeFi. DeFi use cases: Supporting crypto investments Decentralized Finance hopes to offer different digital financial services, which are run by a community in a so-called decentralized autonomous organization (DAO) away from banks or governments. These services can include asset management, money lending, or trading, potentially making it possible to offer services that traditional finance cannot do. By late 2023, however, DeFi focused on two main use cases: Liquid staking and money lending. These processes are there to support crypto investors, specifically. The market size of insurance within Decentralized Finance, for example, was much smaller in comparison.

Grayscale's Bitcoin ETF had a much lower value than iShares Bitcoin Trust, but higher than other ETFs from across the world. This is according to a custom ranking on exchange trade funds filed in different countries. Grayscale's Bitcoin ETF first arrived in 2013, available only in OTC markets. It converted into an exchange trade fund in January 2024 when the SEC approved Bitcoin ETFs on the NYSE and the NASDAQ. BlackRock's fund did not exist yet. Bitcoin trading volume increased noticeably this month, as investors tried to sell their holdings and cash in on the built-up hype surrounding the new investment vehicles.

At the end of December 2024, the Ethereum cryptocurrency had been processed well to 39 million times on-chain that month. This was about three times that of the more commonly known rival Bitcoin, which saw a total of 12.7 million transactions that month. Other leading cryptocurrencies also saw significantly less transaction activity. What kind of transactions were these? Cryptocurrencies are digital currencies which owe their credibility to their technology rather than a central bank. Many of the transactions in this statistic involve cryptocurrency exchanges which exchange these coins for other currencies, including traditional currencies such as U.S. dollars or euros. In selected countries, Bitcoin ATMs also dispense the local currency in exchange for Bitcoin. However, few retailers accept that or any other cryptocurrency on a large scale. Cryptocurrency as an investment Many cryptocurrency enthusiasts point to the high market capitalization of their favorite cryptocurrencies. Moreover, the currency price is an important factor. The price volatility of Bitcoin and others attracts investors, hoping to buy low and sell high.

The arrest of FTX founder and former CEO Sam Bankman-Fried in the Bahamas in December 2022 - over charges of conspiracy and defrauding investors - made headlines worldwide. Less than a year before that, and before the crypto market suffered a two trillion-dollar crash, Bankman-Fried was the second richest crypto billionaire on the planet, with a fortune of 24 billion U.S. dollars.

Binance: clinging to top, bouncing between legal issues and coin drops
Binance founder and CEO Changpeng Zhao was the richest crypto boss before and after the market crash - and was also the one who suffered the highest losses. The world's leading crypto exchange by trading volume, Binance is reportedly being investigated by the U.S. Department of Justice over alleged money laundering violations. In December 2022, Binance temporarily halted withdrawals of Stablecoin USDC - a digital stablecoin pegged to the U.S. dollar. This came after the crypto exchange witnessed a flurry of withdrawals amounting to a total of 1.9 billion dollars in 24 hours, and as it tried to reassure investors about the security of their holdings.

The crypto crash: a domino effect fueled by global uncertainty
Digital currencies lost two trillion dollars in value following their peak of three billion in November 2021, due to a combination of growing interest rates and inflation which drove investors to pull back from deemed risky assets. Bitcoin saw its value fall by more than half since its late 2021 peak, which in turn caused the whole crypto market to collapse. The subsequent downfall of FTX also contributed to wreaking havoc on the market.

Bitcoin (BTC) price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024. That particular price hike was connected to the approval of Bitcoin ETFs in the United States, whilst previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla's announcement in March 2021 that it had acquired 1.5 billion U.S. dollars' worth of the digital coin, for example, as well as the IPO of the U.S.' biggest crypto exchange fueled mass interest. The market was noticably different by the end of 2022, however, with Bitcoin prices reaching roughly 87,471.70 as of March 25, 2025 after another crypto exchange, FTX, filed for bankruptcy.Is the world running out of Bitcoin?Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin's supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin's original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021.Bitcoin's price outlook: a potential bubble?Cryptocurrencies have few metrices available that allow for forecasting, if only because it is rumored that only few cryptocurrency holders own a large portion of available supply. These large holders - referred to as 'whales' - are said to make up of two percent of anonymous ownership accounts, whilst owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale already having a significant impact on this market.

Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars. Zhao was followed by FTX founder and CEO Sam Bankman-Fried, who lost a reported 23 billion dollars in only three weeks prior to his arrest over conspiracy and fraud charges in late 2022.

Despite his losses, Zhao was still the wealthiest individual in the crypto world as of December 2022. The same five crypto chiefs who lost the most money in 2022 ranked as the five richest people in crypto before the market's crash.

Treasure in tatters: FTX founder arrested over fraud
Bankman-Fried was arrested in the Bahamas on December 12, 2022, over wire fraud, securities fraud, money laundering, and conspiracy to defraud the U.S. Once the fourth largest crypto exchange in the world, FTX filed for bankruptcy following a liquidity crisis in November 2022. This happened after it tried to sell a considerable chunk of its operating business to rival Binance, only for the latter to walk away from the deal - stating that it was beyond its ability to help FTX solve its issues.

The U.S. Securities and Exchange Commission (SEC) has accused Bankman-Fried of setting up a scheme to defraud investors amid reports of the former FTX chief diverting customer funds to his Alameda Research hedge fund. Bankman-Fried has denied any wrongdoing, including allegations of him being aware of Alameda Research using FTX customer funds.

Crypto broker Genesis owes creditors billions worth of debt, most of which to the Winklevoss twins' crypto exchange Gemini. This is according to various pieces of research and conversations held by multiple sources since November 2022. Genesis is a major crypto lender that allowed "staking" - a practice where people could loan out their cryptocurrencies to Genesis for high interest. This company is part of Digital Currency Group (DCG), a crypto venture capital firm with investments in Coinbase, Kraken, and Blockchain.com, but also the now-insolvent FTX. Genesis' already had problems in June 2022 - when crypto investment fund Three Arrows Capital collapsed, to which Genesis filed a 1.2 billion U.S. dollar claim - but those continued during the FTX collapse in November 2022 as it had to halt customer withdrawals. The broker, insider information from January 2023 stated, had debts to U.S. crypto exchange Genesis and the Netherlands' largest crypto exchange Bitvavo. The story gained much media traction, as it highlighted the vulnerabilities of the crypto market amidst the so-called "crypto winter" and a potential further case for regulation of the industry. This was accelerated further on January 12, when the U.S. Securities and Exchange Commission (SEC) announced investigations into both DCG and Gemini.

BlackRock's Bitcoin ETF received around 15 billion dollars' worth of investment inflow since January 2024, whereas Grayscale lost 16 billion. This is according to a day-to-day investment flow timeline involving 10 of the 11 Bitcoin ETFs that got approved by the U.S. Securities and Exchange Commission in early 2024. The highest inflow towards these ETFs occurred in March, coinciding with the Bitcoin price's all-time high and a general increase in Bitcoin trading volume. Note that the figures here do not cover all Bitcoin ETFs found throughout the world. That said, the United States investment vehicles tend to be the largest and most impactful ones. In April 2024, Hong Kong’s Securities and Futures Commission (SFC) approved three ETFs, but their potential impact is not yet clear - if only because mainland China does not allow for crypto trading after the country banned crypto mining in 2021.

Somewhat resembling developments of Dogecoin in early 2021, the market cap of Shiba Inu (SHIB) more than tripled in only a few weeks. This rapid growth especially occurred since September 2021, with the cryptocurrency breaking the 10 billion U.S. dollar barrier multiple in the following month. Whilst no exact reason was given why the memecoin grew so fast during this time, the digital currency did become available on Coinbase, one of the world's most well-known crypto exchanges, on September 17. This move, and the fact that consumers in the U.S. and the UK overall tend to invest in crypto for fun or as a potential growth investment, might explain the popularity of the dog-themed coin. Indeed, Shiba Inu ranked as the number 13 cryptocurrency in the world based on market cap in late October 2021 - closely behind DeFi-affilated like Uniswap (UNI) and Terra (LUNA).

Verified users of the Coinbase trading platform increased over three times between 2018 and 2021 as interest in cryptocurrency grew. Cryptocurrency apps became significantly more popular between December 2020 and January 2021 and the price of Bitcoin grew significantly, and other cryptocurrencies such as Dogecoin attracted more and more general interest.

Big in the West: Coinbase users by country

The Delaware based platform reached its highest ever number of daily active users (DAU) in the United States in early 2021: The number of DAUs for the Coinbase app was significantly higher than many other cryptocurrency wallets available. Coinbase was not just popular in its native country, however. More than six out of 10 respondents in the United Kingdom said they preferred to use Coinbase over other exchanges in 2019, with 2021 DAU figures further strengthening the app's position in the UK. Coinbase was also popular in Germany in 2021, although this country had several domestic alternatives at its disposal.

Cryptocurrency's gender gap

Crypto owners or investors overall tend to be male rather than women. This trend is observed several countries worldwide, and in different regions as well. For instance, Colombia was said to be one of two Latin American countries with the highest percentage of female users, even though Colombian women did not make up a clear majority. In Oceania, crypto ownership among Australia women showed a decline between 2019 and 2020. Note this information stems from consumer surveys, with most of these being released either in late 2020 or early 2021 - right before the Bitcoin and Ethereum prices went up dramatically. Whether these figures have changed come 2021, can therefore not yet be established.