According to Crypto.com, the cryptocurrency users have doubled in numbers in the first half of the year. By the end of June, they have identified over 220 million crypto users.
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.
Kris Marszalek, CEO of Crypto.com
The company used on-chain data and other parameters to calculate the figures from 24 leading crypto platforms including Binance, BitMEX, Huobi, Gemini and FTX.
The official research document titled Measuring Global Crypto Users stated that the crypto population has seen exceptionally strong growth in January, February and April due to Bitcoin’s excellent performance. May also deserves an honorable mention, considering that Bitcoin and Ethereum experienced a price plunge back then.
After Elon Musk’s publicized criticism of Bitcoin mining and its environmental impact, the altcoins started to perform better.
In just four months, the global crypto population grew from 100 million to 200 million. Compared to the nine months it took for the population to grow from 65 million to 100 million, this is a sign that cryptocurrency is rapidly becoming more mainstream.