Analysis: Interest In Crypto Rises With More Than 55 Million Users In 2018 Alone

Despite the entire market tumble that happened this year, it seems that the interest in cryptocurrencies and blockchain technology has not diminished. For this reason, in today’s crypto news we take a look at the following analysis.

According to a report written by the Cambridge Center for Alternative Finance, the number of crypto users has almost doubled and the number of crypto users that are registered with a service provider increased from 85 million to 139 million this year alone.

According to the report:

 “Combining public data and survey findings, we estimate that the total number of user accounts at service providers amounts to at least 139 million in late 2018.’’

Active and verified users have increased seven times than two years ago. Last year the number of crypto users was 18 million, in 2016 there were only 5 million. The report notes:

 “Using a combination of verified user data and the average share of ID-verified accounts described above, we also estimate there are currently at least 35 million ID-verified users globally.”

There has also been an increase in the number of active users has also increased which in 2016 was about 35%, it rose to 36% and this year reached 38% active users. Despite the bear market, there is an even bigger increase in the number of crypto service providers that add support for multiple cryptocurrencies.

Even cryptocurrency exchanges support multiple coins which make up to 89% of all the exchanges but also wallet providers decided to add multi-coin support up to 90%:

 “Wallets with multi-coin support surged from 46% in 2017 to 90% in 2018, with 60% of wallets currently supporting more than 3 cryptoassets as opposed to only 10% in 2017.’’