The number of crypto users doubled in the first half, according to Crypto.com.
- 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 (BTC, +2.3%) 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.
