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# 📊 Global Crypto Ownership Surged 39% in 2022 Despite Market Downturn
- URL: https://www.techloy.com/global-crypto-ownership-surged-39-percent-in-2022/
- Published: 2023-01-25T16:25:05.000Z
- Updated: 2023-01-25T16:25:05.000Z
- Author: Acquah Nana Yeboah
- Tags: / Crypto, / Insights

According to a 2022 market sizing report by Crypto.com, the number of global cryptocurrency owners saw a significant increase last year, with 119 million new owners added between January and December.

This 39% surge brought the total number of crypto owners to 425 million, despite the market downturn that occurred in 2022.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/01/total-crypto-owners-in-2022--1-.png)

The report also highlighted the growth of specific cryptocurrencies, with Bitcoin seeing a 20% increase in owners from 183 million in January to 219 million in December.

This increase can be attributed to the adoption of Bitcoin as a legal tender in the Central African Republic and a spike in adoption during the 2022 FIFA World Cup in Qatar.

Ethereum also saw a significant increase in adoption, growing from 24 million in January to 87 million in December, representing a 263% increase over the course of the year.

This growth was due to the network's upgrade to a proof-of-stake consensus algorithm, interest from institutional investors, and the popularity of ETH liquid staking. Together, Bitcoin and Ethereum, with a combined market cap of over $587 billion, continue to hold over 70% dominance of the total crypto market.