A report for the last quarter of 2024 shows more mobile wallets active around the world
The use of mobile cryptocurrency wallets has reached record levels, signaling growing mainstream adoption. According to Coinbase’s latest market report, over 36 million people actively used mobile crypto wallets in the last quarter of 2024. This increase reflects a shift from passive ownership to active engagement with decentralized finance (DeFi) and blockchain applications.
Mobile wallets are playing a crucial role in this transition, providing easier access to crypto-based financial services. While there are around 560 million crypto holders worldwide, only a fraction actively use their assets beyond simple storage. Analysts predict that the number of crypto users could triple in the next two years, driven by greater accessibility and the increasing use of stablecoins.
Stablecoins have become a major driver of this trend, with their total supply growing by over 18% in late 2024. These digital assets, which are pegged to traditional currencies, offer a reliable way to transfer funds quickly and at a lower cost than traditional banking systems. Over $30 trillion in stablecoin transactions occurred last year, reflecting their growing use in global payments and remittances.
In some regions, particularly East Asia, stablecoins are beginning to replace fiat currencies. Countries with high inflation and weak local currencies are seeing greater adoption of crypto as a financial alternative. Experts believe that if this trend continues, traditional banks could face increasing competition from blockchain-based financial services.
While mobile wallet adoption continues to rise, regulatory clarity will be essential in determining the future of crypto payments. The increasing reliance on digital assets highlights the need for policies that balance innovation with consumer protection, ensuring continued growth in the sector.

Editor at the Big Blind, is a rising star in gambling journalism with a decade of experience, focusing on clear and accessible communication for a diverse audience.