Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 to 106 million by January.
Given the complexity of mapping unique crypto wallet addresses onto the number of persons, Crypto.com’s methodology combines on-chain data with several blended parameters to calculate separate estimates for the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH). These then yield an aggregate that can be used to track trends in the growth of global users over time.
Number of cryptocurrency users worldwide in millions. Source: Crypto.com
Over the past eight months, June 2020, August 2020 and January 2021 were the strongest for growth. As a general rule, Crypto.com note that this growth correlates with price strength for Bitcoin, but breaking down the data between the two coins can provide more specific insights.
In particular, adoption in August 2020 was largely led by Ether due to the popularity of decentralized finance. Moving into theTitle: Total estimated crypto users worldwide tops 100 million, survey finds
Sourced From: cointelegraph.com/news/total-estimated-crypto-users-worldwide-tops-100-million-survey-finds
Published Date: Wed, 24 Feb 2021 15:00:00 +0000