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Global interest and adoption rates in cryptocurrency are experiencing a significant upswing, spurred partly by the United States’ increasing engagement with the asset class.
According to Gemini’s State of Crypto Report, Singapore leads in cryptocurrency ownership rates, scoring 28% in the latest survey—a 2% increase from last year. The United Kingdom also saw substantial growth, rising to 24% from 18% during the same period. (Source: Gemini)
The amplified US involvement is frequently cited as a primary motivating factor for individuals globally who are intrigued by cryptocurrency but are not yet invested. The report highlights that nearly a quarter (23%) of non-crypto owners in the US indicated the Strategic Bitcoin Reserve’s launch increased their confidence in cryptocurrency’s value—a sentiment echoed in the UK (21%) and Singapore (19%).
The most striking finding pertains to the adoption of memecoins. France emerges as the clear leader this year, with 67% of its crypto investors holding memecoins—a notably higher rate than Singapore (59%) and Italy (58%).
The data suggests memecoins serve as an effective entry point for many new crypto investors. A significant majority, 94% of surveyed investors, reportedly hold both memecoins and other cryptocurrencies.
Across various countries, similar patterns underline this dual approach: in the US, Australia, and the UK, approximately one-third to one-quarter of “combo” investors (those holding both memecoins and traditional cryptos) purchased memecoins first. ETFs, however, also act as a crucial entry point for more traditional investors, with two-fifths (40%) of US investors holding crypto ETFs. Usage has also notably increased in Italy, the UK, Australia, and Singapore.
While these findings offer valuable insights into current trends, the author cautions that survey data represents a snapshot, potentially missing broader underlying momentum. Nevertheless, the results provide a compelling picture of evolving global crypto adoption.
Furthermore, this report underscores the continued growth of cryptocurrency use beyond US-centric narratives, offering a more globally-inclusive perspective on the sector’s expansion. Memecoins, despite skepticism, have secured a place not only in onboarding new participants but, for those feeling more adventurous, in diversifying crypto portfolios.
