Crypto population doubled to over 200M users since January, report says

Crypto population doubled to over 200M users since January, written report says

It simply took 4 months for the crypto population to almost double from 106 million in February to 203 million in May, according to a new Crypto.com report.

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Crypto population doubled to over 200M users since January, report says

Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new study.

Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Th, discovering that the number of crypto users worldwide has more doubled from 100 million in Jan to 221 million in June.

The firm pointed out that crypto adoption has been growing rapidly this year, equally information technology only took four months to nearly double the crypto population from 106 million in Feb to 203 million in May. For comparison, it took 9 months for the number of global crypto users to accomplish 100 million from 65 one thousand thousand since Crypto.com started tracking crypto adoption levels.

The results show that Bitcoin (BTC) and the second-most valued cryptocurrency, Ether (ETH), have been losing their market place shares in terms of the composition of crypto owners, while the number of users holding other digital avails has been steadily growing.

The written report also constitute that a massive surge in crypto users this yr came alongside some notable growth in the popularity of altcoins or cryptocurrencies other than Bitcoin. Co-ordinate to Crypto.com'due south findings, the altcoin adoption was likely spurred by the influx of new users interested in altcoins like Dogecoin (DOGE) and Shiba Token (SHIB) amongst Elon Musk's criticism of BTC mining over its alleged environmental impairment.

Related: Crypto usage in Turkey increased elevenfold in a year, new survey shows

Crypto.com's latest crypto population study comes after the visitor released the first-e'er edition on measuring global crypto users in May 2022. The study methodology analyzes on-chain data combined with "additional composite parameters" to gauge the number of global crypto owners worldwide. The latest written report includes data from 24 major global cryptocurrency exchanges, including Binance, Coinbase, Huobi and others.