The variety of cryptocurrency house owners has massively elevated final yr, with practically half of all house owners worldwide shopping for crypto for the primary time in 2021, in keeping with a brand new report.

Gemini, a cryptocurrency alternate based by Cameron and Tyler Winklevoss, has polled about 30,000 respondents in 20 international locations between November 2021 and February 2022 to supply an image of a quickly increasing crypto ecosystem. The corporate launched the survey findings as a part of its “2022 International State of Crypto” report shared with Cointelegraph on Monday.

In line with Gemini’s findings, crypto adoption skyrocketed in 2021 in international locations like India, Brazil and Hong Kong as greater than half of respondents began investing in crypto 2021. The variety of such respondents amounted to 54% in India and 51% each in Brazil and Hong Kong.

Elsewhere on this planet, Latin America (LATAM) and the Asia Pacific (APAC) respondents have been additionally actively shopping for crypto in 2021, with 46% of respondents in LATAM and 45% in APAC buying their first crypto in 2021. 44% of respondents in the US and 40% in Europe began investing in 2021, in keeping with the report.

Gemini additionally discovered that international locations like Indonesia and Brazil are main the world when it comes to the share of cryptocurrency traders among the many common inhabitants. In line with the report, 41% of respondents each in Brazil and Indonesia reported proudly owning crypto, in comparison with simply 20% in the US, 18% in Australia and 17% in Europe.

Crypto possession charges are reportedly additionally considerably excessive in counties just like the United Arab Emirates, Singapore and Israel, with 35% of respondents within the UAE, 30% of respondents in Singapore and 28% of Israeli respondents reporting holding crypto.

The report additionally cited the uncertainty over crypto regulation and lack of schooling as two of the largest impediments to the mass adoption of crypto. Amongst non-owners, 39% of respondents in APAC, 37% in LATAM, and 36% in Europe stated that there was authorized uncertainty round crypto. 30% of respondents within the Center East, 24% within the Asia Pacific and 23% in Latam, additionally indicated that crypto tax reporting stored them away from shopping for crypto.

DeFi, Web3, CBDC nonetheless unknown for many: Survey

As beforehand reported by Cointelegraph, Gemini predicted final yr that the variety of U.S. crypto traders would practically double in 2021. In line with another surveys, the variety of new crypto traders within the nation was way over that in 2021. In line with the “Crypto Notion Report 2022” launched by the Huobi crypto alternate in January, about 70% of crypto house owners within the U.S. began investing in cryptocurrencies like Bitcoin (BTC) for the primary time in 2021.