The Number of Cryptocurrency Wallets Is Growing Exponentially

Wallets are a necessity for cryptocurrency users and their creation is a strong indication of how fast the popularity of decentralized digital money grows. The number of crypto wallets and their users has been increasing rapidly since the creation of Bitcoin. Spikes usually coincide with rising cryptocurrency prices during bullish periods, but it’s worth noting that the general trend has always been positive, and has become exponential in the past few years.

Also read: Swiss Banks Team With Fintechs to Enter the Crypto Space

Sharp Increase of New Wallets in Q2, 2019

Market data provider Statista continuously tracks multiple indicators in the crypto space. The platform revealed that the number of blockchain wallet users has reached over 40 million at the end of the first half of 2019. That represents an enormous increase from less than 8 million users in the second quarter of 2016, as per the report. The numbers look even more staggering when you realize the…