Türkiye ranks 3rd globally in cryptocurrency ownership

As the number of cryptocurrency investors continues to grow worldwide, Türkiye ranks third globally in terms of cryptocurrency ownership relative to its population, with 19.3% of its citizens owning digital assets in 2023.

Global cryptocurrency adoption on rise

According to a Singapore-based finance company, Triple-A report of 2023:

• Approximately 420 million people globally invested in cryptocurrency.
• This figure increased by 33% in 2024, reaching 562 million investors.
• Asia leads the global market with 326.8 million investors.
• North America follows with 72.2 million investors.

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Regional leaders in cryptocurrency ownership

The countries with the highest cryptocurrency ownership rates relative to population are:

1. UAE: 25.3%
2. Singapore: 24.4%
3. Türkiye: 19.3%
4. Argentina: 18.9%
5. Thailand: 17.6%

Other notable countries include Brazil, Vietnam, the U.S., Saudi Arabia and Malaysia.

Investor demographics: Younger groups lead

Highlights from the demographic analysis:

• 61% of cryptocurrency investors are men, and 39% are women.
• Age distribution among investors:
  • 25-34 years: 34% (largest group)
  • 35-44 years: 31%
  • 18-24 years: 14% (most gender-balanced group)
• A clear trend shows the proportion of male investors increases with age.

ANKARA, TURKIYE - NOVEMBER 22: In this photo illustration, a phone screen displaying a graphic chart showing an upward trend, with the label '$100K' is seen over another screen showing 'Bitcoin' coins in Ankara, Turkiye on November 22, 2024. ( Hakan Nural - Anadolu Agency )This illustration photograph taken on November 22, 2024 in Istanbul shows a coin imitation of the Bitcoin crypto currency arranged beside a screen displaying a trading chart. - Most markets gained on November 22, 2024 after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. (Photo by Ozan KOSE / AFP)Representations of Bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture taken September 27, 2021.(Reuters Photo)This illustration photograph taken shows a coin imitation of the Bitcoin cryptocurrency arranged beside a screen displaying a trading chart in Istanbul, Türkiye, on Nov. 22, 2024. (AFP Photo)

Bitcoin: Türkiye’s preferred cryptocurrency

Findings from Paribu's "Cryptocurrency Awareness and Perception Survey," in Türkiye:

• 1 in 4 cryptocurrency users started trading within the past 6 months.
• 1 in 3 users check their accounts at least once daily.
• 3 in 4 cryptocurrency users in Türkiye engage in short-term trading.
• 70% of investors trade Bitcoin, while 29% prefer Ethereum.
• Usage patterns:
  • 53% of Bitcoin users view it as a long-term investment.
  • 92% of Ethereum users use it for short-term trading.

December 07, 2024 04:22 PM GMT+03:00