"101 million users joined the cryptocurrency market in 2020" University of Cambridge

[Michar1 1693]

The latest edition of the Global Cryptoasset Benchmarking Study published by the University of Cambridge shows that cryptocurrency users grew almost 3 times from 35 million in 2018 to 101 million in the third quarter of 2020.

 

The third global cryptoassets comparative study from the University of Cambridge is here. The highlights of the report point to a growth of almost 200% in the number of cryptocurrency users in the last two years. Cambridge's extensive digital asset market study also revealed that year-on-year growth across all segments slowed to 21 percent in 2019 from 57 percent in 2018.

 

Observations show that 101 million unique users signed up for the use of Bitcoin and crypto assets with 'service providers' in Q3 2020. These service providers, mainly cryptocurrency trading platforms and wallets, registered 191 million accounts for such users. According to the Cambridge report:

 

"In 2018, the second global crypto-asset comparative study estimated the number of identity-verified crypto-asset users at around 35 million globally."

 

UC has also explained this meteoric growth in the demographics of cryptocurrency use.

 

“This 189% increase in users can be explained both by an increase in the number of accounts (which increased by 37%), and by a higher proportion of accounts systematically linked to the identity of an individual, which allows us to increase our estimate of minimum user numbers associated with the accounts of each service provider ”.

 

The report's authors have stated that not only their survey, but studies conducted by the UK Financial Conduct Authority also found a 78 percent increase (compared to 2019) in crypto asset ownership among individuals at the level. world.

 

In the conclusion of the observations on cryptocurrency users, UC research claims that many service providers in the Asia-Pacific region (APAC) have bitcoin and cryptocurrency miners as clients. This is due to the high concentration of mining activities, "especially in China." The report stated:

"Miners use their services to clear their coin inventory for national fiat currencies and cover fiat-based expenses."

Edited November 15, 2020 by Michar1

[Liam-25 19]

10 hours ago, Michar1 said:

La última edición del Global Cryptoasset Benchmarking Study publicado por la Universidad de Cambridge muestra que los usuarios de criptomonedas crecieron 3 veces de 35 millones en 2018 a 101 millones en el tercer trimestre de 2020.

 

El tercer estudio comparativo global de criptoactivos de la Universidad de Cambridge está aquí. Los aspectos más destacados del informe apuntan a un crecimiento de casi el 200% en el número de usuarios de criptomonedas en los últimos dos años. El extenso estudio de mercado de activos digitales de Cambridge también reveló que el crecimiento interanual en todos los segmentos se desaceleró al 21 por ciento en 2019 desde el 57 por ciento en 2018.

 

Las observaciones muestran que 101 millones de usuarios únicos se registraron para el uso de Bitcoin y activos criptográficos con 'proveedores de servicios' en el tercer trimestre de 2020. Estos proveedores de servicios, principalmente plataformas y billeteras de comercio de criptomonedas, registraron 191 millones de cuentas para dichos usuarios. Según el informe de Cambridge:

 

"En 2018, el segundo estudio comparativo global de criptoactivos estimó el número de usuarios de criptoactivos con identidad verificada en alrededor de 35 millones en todo el mundo".

 

UC también ha explicado este crecimiento meteórico en la demografía del uso de criptomonedas.

 

“Este aumento del 189% de usuarios se puede explicar tanto por un incremento en el número de cuentas (que aumentó en un 37%), como por una mayor proporción de cuentas vinculadas sistemáticamente a la identidad de un individuo, lo que nos permite incrementar nuestra estimación de números mínimos de usuarios asociados a las cuentas de cada proveedor de servicios ”.

 

Los autores del informe han declarado que no solo su encuesta, sino los estudios realizados por la Autoridad de Conducta Financiera del Reino Unido también encontraron un aumento del 78 por ciento (en comparación con 2019) en la propiedad de activos criptográficos entre las personas a ese nivel. mundo.

 

En la conclusión de las observaciones sobre los usuarios de criptomonedas, la investigación de la UC afirma que muchos proveedores de servicios en la región Asia-Pacífico (APAC) tienen mineros de bitcoins y criptomonedas como clientes. Esto se debe a la alta concentración de actividades mineras, "especialmente en China". El informe decía:

"Los mineros utilizan sus servicios para limpiar su inventario de monedas para las monedas fiduciarias nacionales y cubrir los gastos basados en fiat".

The world of cryptocurrencies is growing more and more every day, in a short time it will already dominate the currency. World only q there are many people who do not trust this type of coins

[pax166 0]

This is really good to know. More and more people are coming into the world of cryptocurrency on daily basis. I hope we continue to see an increase in the crypto community. There  is indeed  a bright future for cryptocurrency as more and more people are having interest in the area. I hope that as the population continue to grow we will also see a boost in the global economy so that every human being can benefit.

[Aqsa1234 142]

This is due to the qualities and uniqueness of the cryptocurrency that had made it so useful and valuable and easy that everyone is trying it. Gue to it's nice payment it has become so popular.101 people have joined this cryptocurrency due to its features.

[maarcoferrer 1096]

This growth only shows that we are in the present of the Crypto currencies, today we know that every time we will get more familiar with them and that in Cryptotalk we have the opportunity to learn, develop, add value and the most brilliant thing of all is that we can generate Bitcoins, all this is very important and more in these times of development where people need to rise to a second level. Both mentally and technologically.

[Alex Fron 602]

Wow, this is really a huge number of members joined the Crypto world in 2020. I think it is because of lock down situation in all over the world. I am also introduced in the last week of December. I also introduced with crypto world due to bounded at home and want to earn from internet. You have shared a great research y friend.