Italy's cryptocurrency user base has grown by 118% in only five years.

Over the previous five years, Italy's cryptocurrency user base has grown by 118%. More than 4 million additional cryptocurrency users joined as a result of this expansion, increasing the total to almost 7.6 million holdings. This is similar to other European nations including the UK (4.8 million) and France (3.3 million new users).

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Italy is now ranked seventh in Europe and 21st internationally for the growth of cryptocurrency users, despite this notable uptick.

Additionally, according to recent research, around 13 million Italians are interested in cryptocurrency, albeit actual ownership has somewhat declined from prior years.As more people learn about cryptocurrency, one of the main drivers has been its increasing acceptance by both individuals and institutions.

New consumers interested in financial services outside of traditional banking have been drawn in by the growth of decentralized finance (DeFi) platforms.

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Blockchain technology advancements have boosted adoption by making transactions safer and more effective.
Some investors looking for diversity may find cryptocurrency appealing as a possible hedge against economic volatility.
More notable growth has been seen in other European nations: Sweden recorded an astounding 200% increase, Hungary saw a 133% increase, Germany and France each saw rises of 125%.