Cryptocurrency adoption jumps 6.4% in H1 2024, driven primarily by Bitcoin and Ethereum growth

Odaily News According to Crypto.com's latest market size report, the number of holders (ownership) in the global cryptocurrency market has increased significantly in the first half of this year. As of June, this figure increased by 6.4% from 580 million people at the end of 2023 to 617 million people. This growth was mainly driven by key developments in the Bitcoin and Ethereum ecosystems, especially the launch of their related spot ETFs. Bitcoin remains dominant, with its holders increasing by 5.9% to 314 million people by the middle of this year, accounting for 51% of all cryptocurrency holders. At the same time, Ethereum's adoption rate increased by 9.7%, bringing the total number of ETH owners to 136 million, accounting for 22% of the global market. According to the report, there are two major events that have driven the growth of Bitcoin adoption. The launch of the spot Bitcoin ETF in the United States, as well as Bitcoin's fourth halving event in April this year, have played a key role. (CryptoSlate)