Crypto.com Userbase Surpasses 80 Million Worldwide
Jan 19, 2023
Singapore, January 19, 2023 – New research released today by Crypto.com reports that global cryptocurrency owners increased by 39% in 2022 – rising from 306 million in January to 425 million in December.
Despite industry headwinds, crypto adoption achieved new milestones with steady growth in the first half of 2022, followed by second half growth driven by investment in major coins, particularly Ethereum (ETH). This growth included Bitcoin (BTC) ownership growing by 20% from 183 million in January to 219 million in December (52% of global cryptocurrency owners), and ETH ownership growing 263% from 24 million in January to 87 million in December (20% of global cryptocurrency owners). The report was based on Crypto.com’s on-chain market sizing estimates, combining on-chain data with blended parameters to estimate the number of global crypto owners.
Alongside this, Crypto.com has continued to grow its own user base steadily – supported by increased brand visibility during the FIFA World Cup Qatar 2022 – now with more than 80 million users worldwide. This continued growth follows Crypto.com’s momentum in being the industry leader in compliance, security, and privacy. In recent months, Crypto.com has received an in-principle Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), regulatory approval as a Digital Asset Service Provider by the Autorité des marchés financiers (AMF) in France, registration approval as a cryptoasset business from the UK Financial Conduct Authority (FCA), provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea, a pre-registration undertaking with the Ontario Securities Administration in Canada, among others.
“While this past year had profound market challenges, the significant growth in cryptocurrency owners demonstrates crypto is here to stay,” said Kris Marszalek, CEO of Crypto.com. “We are also extremely proud of the continued growth of the Crypto.com community, and we remain focused on building and driving mainstream adoption in the year ahead.”
The full Crypto Marketing Sizing report from Crypto.com is available here. For more research and analysis from Crypto.com, visit Crypto.com/Research.
About Crypto.com
Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy certifications. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.
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Now, let's delve into the information presented in the article about Crypto.com's recent achievements and the broader trends in the cryptocurrency market:
1. Global Cryptocurrency Ownership Trends:
- The research released by Crypto.com indicates a remarkable 39% increase in global cryptocurrency owners in 2022, growing from 306 million in January to 425 million in December.
- The report highlights steady growth in the first half of 2022, followed by a significant surge in the second half, driven primarily by investments in major coins.
2. Specific Coin Ownership Growth:
- Bitcoin (BTC) ownership increased by 20%, reaching 219 million in December, representing 52% of the global cryptocurrency owners.
- Ethereum (ETH) experienced a staggering 263% growth, rising from 24 million in January to 87 million in December, constituting 20% of global cryptocurrency owners.
3. Crypto.com User Base and Growth:
- Crypto.com, a prominent player in the cryptocurrency industry, has achieved a milestone by surpassing 80 million users worldwide.
- The growth of Crypto.com's user base was notably supported by increased brand visibility during the FIFA World Cup Qatar 2022.
4. Regulatory Approvals and Compliance:
- Crypto.com underscores its commitment to regulatory compliance, security, and privacy, positioning itself as an industry leader.
- Recent regulatory achievements include an in-principle Major Payment Institution (MPI) license from the Monetary Authority of Singapore, approval as a Digital Asset Service Provider by the Autorité des marchés financiers in France, and registration approval as a cryptoasset business from the UK Financial Conduct Authority, among others.
5. CEO Statement and Outlook:
- Kris Marszalek, the CEO of Crypto.com, emphasizes the profound market challenges faced in the past year but highlights the significant growth in cryptocurrency owners as a testament to the enduring presence of crypto.
- The CEO expresses pride in the continued growth of the Crypto.com community and outlines the company's focus on building and driving mainstream adoption in the coming year.
6. Additional Information:
- The article provides a link to the full Crypto Marketing Sizing report for those seeking more in-depth information.
- Crypto.com's vision, as stated, is "Cryptocurrency in Every Wallet™," and the company is dedicated to accelerating the adoption of cryptocurrency through innovation.
In conclusion, the article paints a vivid picture of the cryptocurrency landscape, showcasing Crypto.com's substantial growth, regulatory achievements, and the broader trends in global cryptocurrency ownership. The company's commitment to compliance and security positions it as a key player in shaping the future of the digital financial ecosystem.
