CryptocurrencyWallets and Exchanges

The Number of Cryptocurrency Wallets Has Been Increasing Exponentially: Statista Report

More than 40 million cryptocurrency wallets have been created, as of mid-2019, according to market data provider Statista. The report from Statista revealed that there were only around 8 million digital asset wallets in 2016.

The latest numbers from Statista’s report are quite staggering when you consider they’re based on the growth of a single crypto wallet provider, Blockchain.com.

The London-based wallet provider offers one of the most widely-used wallet clients which includes support for Bitcoin (BTC), Ether (ETH), Stellar (XLM), Paxos Standard Token (PAX), and Bitcoin Cash (BCH). 

Although it is difficult to accurately estimate the total number of crypto wallet users worldwide, Blockchain.com has registered a five-fold increase in its wallet users in just the past three years. 

As of September 25, 2019, the company’s user count has reached more than 42 million.

In addition to Blockchain.com’s crypto wallet, there are many other reliable platforms for storing and conducting digital currency transactions.

Coin Wallet, a universal wallet that supports transactions made with Bitcoin, Bitcoin Cash, Ether, Dogecoin, among others, has recorded around $120 billion in total transactions. More than 20 million new Coin Wallet accounts have been opened.

The wallet’s developers note that they have built their wallet’s software in a manner that makes it highly secure. Coin Wallet’s developers also aim to help their users maintain their financial privacy.

The total number of downloads for the Bitcoin.com Wallet (introduced in August 2017 following the hard fork of the Bitcoin Core protocol) have more than doubled since 2018 to more than 4.7 million. Bitcoin.com wallet’s light mobile client is available for Android and iOS users.

Bitcoin.com’s wallet allows users to conduct transactions with Bitcoin and Bitcoin Cash.

Omar Faridi
About author

I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development, and scams orchestrated under the guise of ICOs. My academic background includes an undergraduate degree in Computer Science, with a minor in Mathematics from the University of Nevada, Las Vegas. I also possess a Master of Science degree in Psychology from the University of Phoenix. While completing my coursework, I engaged in independent study programs focused on public-key cryptography and quantum computing. My professional work experience includes working as an application developer for the University of Houston, data storage specialist at Dell EMC, and as Teacher of Mathematics in the United States, China, Kuwait, and Pakistan.
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