The adoption rate of cryptocurrency jumped 6.4% in the first half of 2024, mainly driven by the growth of Bitcoin and Ethereum

According to the market size report, the number of holders in the global cryptocurrency market has significantly increased in the first half of this year. As of June, this number has grown by 6.4% from 580 million at the end of 2023, reaching 617 million. This growth is mainly driven by key developments in Bitcoin and Ethereum ecosystems, especially with the launch of their related spot ETFs. Bitcoin still dominates; by mid-year its holder count grew by 5.9%, reaching 314 million people accounting for 51% of all cryptocurrency holders. Meanwhile, Ethereum's adoption rate grew by 9.7%, bringing ETH owner total to136 million or about22%ofthe global market share.According to thereport,two major events have driven Bitcoin's adoption rate: The US launching a spot bitcoin ETF and Bitcoin's fourth halving event in April this year both played crucial roles.