Report: New Cryptocurrency Holders Nearly Double in 3 Key Regions in 2021

According to a new report, the number of cryptocurrency holders has increased significantly in the last year, with nearly half of the world's holders purchasing cryptocurrency for the first time in 2021.

Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, surveyed approximately 30,000 respondents in 20 countries between November 2021 and February 2022 to provide insights into the rapidly expanding crypto ecosystem. picture. Gemini released the findings in its “Global State of Cryptocurrency 2022” report shared with Cointelegraph on Monday.

Countries such as India, Brazil, and Hong Kong will see cryptocurrency adoption soar in 2021, according to Gemini’s findings, as more than half of respondents start investing in cryptocurrencies in 2021. The number of such respondents reached 54% in India and 51% in Brazil and Hong Kong.

Elsewhere in the world, Latin American and APAC respondents are also actively buying cryptocurrencies in 2021, with 46% of Latin American respondents and 45% of APAC respondents buying their first cryptocurrency in 2021 cryptocurrency. 44% of respondents said in the report that 44% of U.S. respondents and 40% of European respondents started investing in 2021.

Gemini also found that countries such as Indonesia and Brazil lead the world in the share of cryptocurrency investors among the general population. According to the report, 41 percent of Brazilian and Indonesian respondents said they own cryptocurrencies, compared to just 20 percent in the U.S., 18 percent in Australia and 17 percent in Europe.

Countries such as the United Arab Emirates, Singapore, and Israel are also reported to have very high levels of cryptocurrency ownership, with 35% of respondents in the UAE, 30% in Singapore, and 28% in Israel saying they own cryptocurrencies .

The report also pointed to uncertainty about crypto regulation and lack of education as two of the biggest barriers to mass adoption of cryptocurrencies. Among non-holders, 39 percent of Asia Pacific respondents, 37 percent of Latin American respondents and 36 percent of European respondents said cryptocurrencies present legal uncertainty. Thirty percent of respondents in the Middle East, 24 percent in Asia Pacific, and 23 percent in Latin America also said that crypto tax reports keep them away from buying cryptocurrencies.

As previously reported by Cointelegraph, Gemini predicted last year that the number of U.S. crypto investors will nearly double in 2021. According to some other surveys, the number of new crypto investors in the United States far exceeds that in 2021. About 70 percent of cryptocurrency owners in the U.S. will start investing in cryptocurrencies like Bitcoin (BTC) for the first time in 2021, according to the 2022 Cryptocurrency Awareness Report released by the Huobi cryptocurrency exchange in January.