Gemini

2024

Alchemy Pay

<p class="is-style-lead">Gemini’s 2024 Global State of Crypto, released on Sept. 10, reveals that despite recent market challenges, crypto ownership has remained consistent in key regions like the U.S., U.K., France, and Singapore.</p> 
<p>In the report shared with crypto.news, <a href="https://crypto.news/tag/Gemini/" target="_blank">Gemini</a> researchers highlighted the consistency of global crypto owners despite the <a href="https://crypto.news/revealed-what-causes-bitcoins-selling-pressure/" target="_blank">turbulence</a> that has rocked the industry in recent years – specifically from 2022 to 2024.&nbsp;</p> 
<p>During these years, the U.S. and U.K. maintained stable ownership rates of 21% and 18%, respectively. France saw a modest increase in crypto ownership from 16% to 18%, while <a rel="" href="https://crypto.news/tag/Singapore/">Singapore</a> experienced a slight decline from 30% to 26%, according to the report.</p> 
<figure class="wp-block-image size-full is-resized">
 <img loading="lazy" decoding="async" width="1842" height="1254" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-09-at-2.11.28-PM.png" alt="Gemini: Global crypto ownership steady as sell-off slows down - 14" class="wp-image-14296903" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  Source: Gemini’s 2024 Global State of Crypto report
 </figcaption>
</figure> 
<p>This resilience is largely attributed to the long-term investment mindset of crypto holders, with 65% of owners in these regions reporting that they buy and hold cryptocurrency for its potential to appreciate over time.&nbsp;</p> 
<p>Additionally, 38% of these investors view crypto as a hedge against inflation, reflecting its role as a strategic asset in portfolios.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/sec-crypto-fines-spiked-3018-in-one-year/"> SEC crypto fines spiked 3,018% in one year </a> </p> 
<h2 class="wp-block-heading" id="crypto-selling-has-slowed-in-recent-months">Crypto selling has slowed in recent months</h2> 
<p>The report highlighted a significant slowdown in <a href="https://crypto.news/40000-eth-left-derivative-exchanges-brings-lower-selling-pressure/" target="_blank">selling activity</a> among crypto investors over the past six months. While the number of past crypto owners has increased in recent years, the majority (75%) exited the market more than six months ago, primarily due to price volatility. </p> 
<p>However, as the market has shown signs of recovery, fewer investors have sold their holdings in the last half-year compared to those who sold more than a year ago. Only 29% of investors who sold their crypto did so after experiencing losses.</p> 
<h2 class="wp-block-heading" id="spot-crypto-etfs-are-bringing-new-owners-to-crypto-in-the-united-states">Spot crypto ETFs are bringing new owners to crypto in the United States</h2> 
<p>Gemini’s report found that nearly 37% of U.S. crypto owners now hold some assets through ETFs, and 13% entered the market exclusively through these financial products.&nbsp;</p> 
<p>In early July, spot Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) ETFs <a href="https://crypto.news/spot-ethereum-etf-could-begin-trading-soon-heres-why/" target="_blank">began trading</a>, bringing mainstream acceptance of other cryptos beyond Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>).</p> 
<figure class="wp-block-image size-full is-resized">
 <img loading="lazy" decoding="async" width="1848" height="1236" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-09-at-2.12.56-PM.png" alt="Gemini: Global crypto ownership steady as sell-off slows down - 15" class="wp-image-14296905" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  Source: Gemini’s 2024 Global State of Crypto report
 </figcaption>
</figure> 
<p> You might also like: <a rel="" href="https://crypto.news/alchemy-pay-brings-crypto-payments-to-telegram-via-ton-network/"> Alchemy Pay brings crypto payments to Telegram via TON network </a> </p> 
<h2 class="wp-block-heading" id="regulatory-concerns-and-gender-disparities">Regulatory concerns and gender disparities</h2> 
<p> In the U.S. and U.K., nearly 38% of non-owners cited regulatory concerns as a reason for not investing in crypto.&nbsp;This sentiment was even stronger in Singapore, where 49% of respondents expressed similar reservations.&nbsp;</p> 
<p>The report also shed light on the persistent gender gap in crypto ownership. While men <a rel="" href="https://crypto.news/male-founders-in-crypto-outnumber-their-female-counterparts-by-nearly-ninefold-hacken-reveals/">continue to dominate</a> the space — with 69% of crypto owners identifying as male compared to 31% female — women who do invest are just as likely to HODL or hold onto their assets long-term as their male counterparts.</p> 
<p>This statistic suggests that once women enter the market, their investment behaviors align with the overall trend of long-term holding.</p> 
<h2 class="wp-block-heading" id="past-crypto-owners-are-likely-to-return-to-crypto">Past crypto owners are likely to return to crypto</h2> 
<p>After exiting the crypto market during the decline, former crypto holders remain optimistic about digital assets and are indicating their readiness to re-enter the market.</p> 
<p>Over 70% of previous owners have expressed their intention to purchase cryptocurrency within the upcoming year. Specifically, 77% of previous crypto owners in the United States said they are at least somewhat likely to buy crypto in the next year, according to the report.</p> 
<h2 class="wp-block-heading" id="crypto-is-booming-in-turkey">Crypto is booming in Turkey</h2> 
<p>.The 2024 State of Crypto study included <a href="https://crypto.news/tag/Turkey/" target="_blank">Turkey</a> for the first time this year. The majority of respondents (58%) in Turkey reported owning crypto, and an even larger majority (65%) said they were likely to purchase crypto in the next year, per the report. </p> 
<p>Additionally, Turkish crypto owners were significantly more likely to actively trade crypto (62%) compared to owners in other surveyed countries (43%).</p>

Gemini: Global crypto ownership steady as sell-off slows down

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