Blockchain company, TripleA, has released the latest data on the global level of crypto asset ownership. The data projects that the global level of crypto asset ownership is only at 4.2% with over 420 million crypto users in the world. This number is an increase from last year with 320 million users according to TripleA’s release.
India leads with 103 million investors, followed by China with 58 million, then the United States with 45 million investors, Vietnam with 20 million investors, and Pakistan with 15 million investors. Meanwhile, Asia is the most populated place for crypto investors with a total of 260 million, followed by North America and Africa with 54 million and 38 million investors.
3 Countries With The Most Projected Crypto Investors
Amidst India’s tight crypto policies, the country still managed to lead the data while estimating crypto asset ownership. According to a recent Statista report, India’s crypto community is projected to soar to over 156 million by the end of the year.
Most of the expected participants are well-educated young middle-income individuals seeking alternatives from the unstable banking system. The survey projects that more than 11% of India’s population will dive into the crypto sector by the end of 2023. The country’s crypto adoption rate is projected to surpass that of the United States, England, Japan, and Russia. China is also given a high estimate from TripleA this year. Despite not loosening regulations regarding crypto, the country is showing signs of softening with the welcoming of crypto-friendly regulations in Hong Kong, which is strongly affiliated with President Xi Jinping’s country. The country remains in the top three with the highest hash rate, behind the United States. On the other hand, despite still ranking high in terms of crypto asset ownership estimates, the United States is becoming quite strict with regulations related to this industry. Several companies have been sued for allegedly not following regulations correctly, including Paxos which issued BUSD and Kraken whose staking service was shut down by the US. The world’s third-most populous country has also experienced a decline in Web3 and crypto innovation based on data released by az16.
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