Around 40–70 million of the estimated 716 million global crypto holders are active users. Institutional participation, driven by regulatory clarity and financial products like ETFs, supports this growth, with significant user engagement noted across APAC, North America, and Europe.
A recent review of crypto adoption indicates substantial growth with approximately 716 million individuals holding cryptocurrency globally, although only 40-70 million are actively engaging in transactions.
The disparity between total holders and active users suggests a significant untapped market. Broader institutional engagement, exemplified by spot Bitcoin ETFs, accelerates adoption and market legitimacy. The latest figures reveal that only 40–70 million people actively use crypto of the 716 million holders globally. This underscores both a substantial untapped market and significant growth potential. Key industry leaders like Vitalik Buterin and Changpeng Zhao emphasize the ongoing push towards regulatory clarity and institutional adoption.
Bitcoin (BTC) remains the leading cryptocurrency with significant liquidity and inflows, followed by Ethereum (ETH). Meanwhile, North America leads in transaction volume growth, evidencing a robust market. Stablecoins demonstrate practical applications, dominating non-speculative use cases with transaction volumes of about $1.25 trillion in September 2025.
Increased regulatory clarity is fostering institutional participation, seen with approval of various crypto investment products. This expands the crypto ecosystem and enhances legitimacy in public and institutional sectors. Historical trends indicate similar boosts in adoption follow regulatory changes and institutional acceptance.
Market growth has been fueled by macro and political developments as well, drawing more participants, particularly in emerging markets. Key regions like India, the US, and Latin America are integral to the next phase of growth, reflecting diverse user engagement.
Positive market sentiment and substantial transaction volume growth herald well for future adoption, bolstered by increased GitHub engagement and Ethereum’s Layer 2 scaling efforts. As participation widens, these developments could significantly reshape both technological landscapes and investment opportunities.


