Cryptocurrency

Research: the number of cryptocurrency users increased by 189% over the year

The University of Cambridge conducted a study, according to which the number of unique users of cryptocurrencies increased by 189% over the year.

According to the report , at the moment 101 million people own cryptocurrency wallets, while there are 191 million wallets themselves.In 2016, only 5 million people used cryptocurrencies, and the number of wallets at that time was 45 million.

Interestingly, over the past year, the number of cryptocurrency users has increased by 189%, while the number of wallets has only increased by 37%. This suggests that new users have only one wallet.

Researchers have also noted the growth in the area of ​​stable cryptocurrencies. From 2018 to 2020, the number of service providers accepting Tether for payment increased from 4% to 32%. At the same time, support for other stablecoins increased from 11% to 55%.

In addition, the growth in the number of full-time employees of cryptocurrency companies slowed down by 29% in 2019. 

Also, analysts calculated that 39% of the electricity for the operation of mining equipment is taken from renewable sources. The main energy used to power farms is the energy generated by hydroelectric power plants. 

A recent study by the analytical company Chainalysis suggests that the number of new investors in the bitcoin market is growing rapidly.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Cryptocurrency

The Ministry of Finance of the Russian Federation proposed amendments to the Code of Administrative Offenses with fines for illegal circulation of CFA and cryptocurrencies

CryptocurrencyDogecoin

Elon Musk Called Dogecoin is the People's Crypto on Twitter

CryptocurrencyExchanges

Coinbase Selects Nasdaq For Direct Stock Market Placement

Cryptocurrency

Indian Finance Minister: "we plan to regulate, not ban cryptocurrencies"

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x