Report: New crypto holders almost doubled in 3 key areas in 2021

April 4, 2022


Report: New crypto holders almost doubled in 3 key areas in 2021

The number of virtual currency holders has expanded in 2021, with nearly half of all holders around the globe purchasing crypto for the 1st time in 2021, as per sources. Gemini is a cryptocurrency exchange that has surveyed about 30,000 respondents in 20 nations to give a picture of a quickly broadening crypto ecosystem. The firm released the survey outcomes as part of its report- 2022 Global State of Crypto.

As per Gemini’s results, crypto adoption rose in 2021 in nations like India, Brazil, and Hong Kong because more than half of respondents began investing in crypto in 2021. The number of such respondents totaled 54 percent in India and 51 percent both in Brazil and Hong Kong.

Around the world, Latin America and the Asia Pacific respondents were also actively purchasing crypto in 2021, with 46 percent of respondents in Latin America and 45 percent in the Asia Pacific buying their 1st crypto in 2021. 44 percent of respondents in the U.S and 40 percent in Europe began financing in 2021, according to the sources.

Gemini also established that nations like Indonesia and Brazil are directing the world in terms of the share of digital currency investors among the public population. As per the sources, 41% of respondents both in Brazil and Indonesia noted acquiring crypto, which correlated to 20% in the U.S, 17% in Europe, and 18% in Australia.

Crypto holding prices are reportedly also considerably high in counties like Singapore, UAE, and Israel. The report also referred to the tension over crypto legislation and deprivation of education as 2 of the hugest barriers to the adoption of crypto. According to a few resources, the number of fresh crypto investors in the nation was more than that in 2021.

As per the Crypto Perception Report 2022 published by the Huobi crypto exchange in January 2022, around 70 percent of crypto holders in the U.S. began financing in virtual currencies such as Bitcoin for the 1st time in 2021.

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