Türkiye Ranks Third Globally in Cryptocurrency Ownership - Report

Dec 8, 2024 at 10:11 AM
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Türkiye holds a significant place in the global cryptocurrency landscape. According to a report by Triple-A, it ranks third globally in cryptocurrency ownership, following the United Arab Emirates and Singapore. In 2024, the cryptocurrency ownership rate in Türkiye reached 19.3 percent, while the UAE had 25.3 percent and Singapore had 24.4 percent. Argentina and Thailand came in fourth and fifth, with ownership rates of 18.9 percent and 17.6 percent respectively. The global number of cryptocurrency owners has seen a significant increase, rising from 420 million in 2023 to 562 million in 2024, with 6.8 percent of the world population now owning and using digital currencies.

Popular Cryptocurrencies in Türkiye

According to a separate report by the Turkish trading platform Paribu, Bitcoin and Ethereum are the most popular cryptocurrencies in Türkiye. Three out of every four people in the country use cryptocurrencies for short-term trading, and seven out of every 10 cryptocurrency traders in Türkiye trade with Bitcoin. Ethereum ranked second, with 29 percent of traders using it. Additionally, one out of every four people who trade cryptocurrencies in Türkiye started their transactions within the last six months. One-third of cryptocurrency traders check their accounts at least once a day.

Age Distribution of Cryptocurrency Owners

Triple-A's report showed that 34 percent of cryptocurrency owners worldwide are aged 24-35, the highest percentage among all age groups. This indicates a significant interest in cryptocurrencies among the younger generation. In Türkiye, this trend is likely to have a major impact on the cryptocurrency market and its growth.

Regional Surge in Cryptocurrency Ownership

Asia leads the surge in cryptocurrency ownership, with the number increasing from 268.2 million to 326.8 million, a 21.8 percent increase. North America follows closely, with ownership climbing from 52.1 million to 72.2 million. In South America, cryptocurrency ownership soared from 25.5 million to 55.2 million, an impressive 116.5 percent increase. These regional trends highlight the global reach and popularity of cryptocurrencies.