Crypto.com recently published a comprehensive report of the cryptocurrency industry's user base, which shows a significant growth in the number of digital asset holders.
This figure is reportedly set to grow significantly by 34% in 2023. In 12 months, the number of crypto asset users globally has grown from 423 million to an impressive 580 million, the report said.
"Despite macroeconomic factors such as monetary tightening by Western central banks, protracted military conflicts in Europe and the Middle East, and the lingering effects of a pandemic, cryptocurrency adoption in 2023 has reached unprecedented heights "points out Crypto.com.
According to the methodology used by the company, the #Ethereum user base has grown from 89 million to 124 million in 2023, a significant increase of 39%.
As for the #Bitcoin community, according to the report, the number of users of the leading cryptocurrency grew from 222 million to 296 million. This represents a remarkable growth of 33%.
Crypto.com experts attribute the rise in the number of crypto asset holders to various factors, including:
- The Ethereum Shanghai update, which generated significant excitement and interest.
- The hype surrounding spot #bitcoin-ETFs, which attracted investor attention.
- The introduction of the #BRC-20 standard, which contributed to the expansion of the crypto community.
It's worth noting that 40% of bitcoin owners also own Ethereum, highlighting the overlap between the two cryptocurrencies. In addition, 42% of users' portfolios do not include either Bitcoin or Ethereum, highlighting the diversity of cryptoassets.
