Global Cryptocurrency Market Capitalization

Global Cryptocurrency Market Capitalization

Proof Point

Total cryptocurrency market capitalization grew 760% from $12.4 billion in June 2016 to $106.6 billion in June 2017, with Bitcoin having largest share

Global Cryptocurrency Market Capitalization

2016 – 2017 (US$ billion)

Note: Data may not add up to total due to rounding off

Proof Point Findings

  • Cryptocurrency – Digital or virtual currency that uses cryptography to regulate generation and verify transfer, independent from any central bank
  • Cryptocurrency Market Share – Grew from $12.4 billion in June 2016 to $106.6 billion in June 2017, with $42.6 billion (41%) coming from Bitcoin
  • Rising Currencies – Though Bitcoin remains largest, its market share significantly decreased from 81% to 41% due to rising share of other currencies, such as Ethereum (34%) and Ripple (9%)
  • Key Growth Drivers – Include proliferation of cryptocurrencies and related service providers, growing number of businesses accepting cryptocurrencies, increasing interest in traditional currency alternatives, and intensifying cryptocurrency mining activities


Market Disruption


Financial Services


Date Last Updated

September 4, 2017

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