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Crypto User Numbers Double in 6 Months
Research carried out by Crypto.com identified more than 220 million users of crypto by the end of June.
The number of crypto users doubled in the first half, according to Crypto.com.
STORY CONTINUES BELOW
- Research carried out by the exchange identified more than 220 million users of crypto by the end of June, according to an emailed statement.
- The company said it used on-chain data and other parameters to compile the figures from 24 of the largest crypto platforms.
- February to May was particularly active, with numbers surging to 203 million from 106 million. Much of the growth during May, when China's clampdown on bitcoin miners tightened and Tesla CEO Elon Musk commented on bitcoin's carbon footprint, came from adoption of altcoins. The share of altcoin holders increased from as low as 20% of the total between January and April to about 37% in May and June.
- The figure compares with the nine months it took for the user base to reach 100 million from 65 million.
- “The growth we have seen in the first half of 2021 on our platform and industry-wide is very encouraging, and we will continue investing heavily as we pursue our goal of putting cryptocurrency in every wallet,” Crypto.com CEO Kris Marszalek said in the statement.
See also: Africa ‘Is Leading Global Cryptocurrency Adoption’: Paxful CEO
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
