A 2022 Crypto.com market sizing report has revealed that 119 million new crypto owners were added in the period between January 2022 to January 2023. The figure represents a 39% increase, bringing the total number of global owners to 425 million.

The findings correspond with a 2022 Triple-A report that pegged global users at 320 million and predicted a rise beyond those figures before 2023. Triple A ranked the USA, Pakistan, India, Nigeria and Vietnam as the top 5 countries where crypto owners live.

On a further breakdown of the report, Bitcoin owners gained an impressive amount of new users representing a 26% increase, with Ethereum surging to 87 million users, representing a 263% increase over the last 12 months. The top two cryptocurrencies, with a combined market cap of over $587 billion, continued to hold up to 70% dominance of the total crypto market.