Share this article
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.
Updated May 9, 2023, 3:22 a.m. Published Jul 29, 2021, 11:44 a.m.
Make us preferred on Google
The number of crypto users doubled in the first half, according to Crypto.com.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Mesh becomes unicorn, raises $75 million for crypto payments infrastructure
The investment round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures and SBI Investment.
What to know:
- Cryptocurrency payments network Mesh acquired unicorn status with a $75 million Series C funding round that valued the company at $1 billion.
- The fund raise, coupled with the ceremonial significance of Mesh acquiring unicorn status, may demonstrate confidence in crypto infrastructure projects despite a relatively depressed market.
- Mesh said part of the $75 million raise was settled using stablecoins to demonstrate that is infrastructure is "ready for high stakes, real-world use."
Top Stories
