Friday, July 30, 2021

Cryptocurrency Users reach 101 Million Worldwide

Cryptocurrency Users reach 101 Million Worldwide

Cambridge University has recently published the third of its annual report on cryptocurrency users. The researchers examined the general profile of cryptocurrency users, how these users differ from region to region. The general profile of crypto companies and their activities was also examined.

The result of this research showed that the cryptocurrency industry has experienced a healthy growth since 2017. But how exactly does this growth manifest itself?

189 Percent Increase in the Number of Cryptocurrency Users

In its report published in 2018, Cambridge University announced that there are 35 million unique cryptocurrency users worldwide. This year’s report noted a significant increase to that number. There is also a 183% increase and the number of cryptocurrency users reached 101 million.

Related: Tether: The New Cryptocurrency Rave

While there were 139 million different cryptocurrency addresses in 2018, this number was 191 million in 2020. During this period, both the number of addresses, the number of new users and the number of addresses/person increased.

How Does User Behaviour Vary by Region?

According to Fidelity’s survey, 37% of European institutional investors have invested in crypto money. In addition, three out of five institutional investors are planning to invest in crypto.

Cambridge also announced that there has been an increase in the number of American investors considering investing in cryptocurrencies in the last four years. Although the number of institutional investors is increasing, the driving force of the crypto money market is still individual investors.

At least 63% of crypto money investors in regions such as Asia-Pacific, Europe and North America are individual investors. In the Middle East and North Africa region, 75% of investors are individual; 20% is corporate. There is no data on the remaining 5%.

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