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.

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