References to any securities or digital assets are for illustrative purposes only. Nothing contained in this article constitutes tax, legal, financial, or investment advice nor is it not intended as a recommendation for buying, trading, or selling crypto assets. ![]() The data contained or reflected herein are proprietary of TripleA.The details contained on this page are for informational purposes only and are of a general nature. Hence, TripleA believes that our benchmarking study accurately captures the global economic activity in the crypto asset industry.Ī total of 16 reports and surveys were included and weighted to derive at our final numbers. Utilizing data that are crunched with numerous criterias, various databases and significantly different factors, the processed data and findings are then weighed and analysed against each other based on the following benchmarks (i) Time of Publishing (ii) Scope and Scale of Survey (iii) Internet Penetration Rate for selected big, developing countries (iv) to obtain a finalised ownership number specific to each country. ![]() Furthermore, publicly available data from a variety of sources was used to complement survey data. The dataset from TripleA was supplemented with additional research and web scraping using commonly applied methodologies. Ownership results from the market research are representative of the national population of each country and are used in the evaluation and benchmarking along with the other methodologies utilizing secondary data sources. TripleA has recently embarked on market research projects for select countries and we will be gradually expanding the scope of countries. Data collected from third-party providers and local TripleA data is then evaluated to obtain a more precise figure for the specified countries. For example, in a recent University of Cambridge report which estimates that 1.83% of the worldwide population own cryptocurrencies, we applied the data across all countries to obtain the cryptocurrency ownership findings.įor the specified countries: (a) China, and (b) India, in-depth research and data sampling was conducted due to the inherent nature (i.e large population size) of these countries that resulted in less accurate findings based on the above 2 approaches. In order to estimated for all the countries, we calculated the correlation between the Chainalysis score (=0.196) and the Central Bank ownership = 5% and then applied the same rationale to other countries’ scores.įor reports with findings on global cryptocurrency ownership, our number of users per country estimations are then based on the global data findings from the report. Our number of users per country estimations are based on Canada’s score and a recent Central Bank of Canada report, which estimates that 5% of the Canadian population own cryptocurrencies. (3) the Peer-to-Peer exchange trade volume (2) the country on-chain retail value received, and (1) the country on-chain cryptocurrency value received, Our ownership data is derived based on the report “The Chainalysis 2022 Geography of Cryptocurrency Report” in which each country is given a score based on 3 factors: For the latest TripleA Global Crypto Ownership data, TripleA utilized the following metrics: (i) Country Weighted Scoring, (ii) Global Weighted Scoring, (iii) Outlier Research and (iv) Primary Data Collection to obtain the most encompassing and accurate set of statistics in conjunction with the various data sources that we evaluate.
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