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Cryptocurrencies have reached a historical maximum of users

October, 17 2024
watermark Economic news

Cryptocurrencies are experiencing a real boom, reaching new heights of popularity. Blockchain coins have become a key political issue ahead of the upcoming US elections. At the same time, improvements in the infrastructure of the cryptocurrency market have led to a significant increase in bandwidth and a decrease in transaction costs.


Also, the number of monthly users of mobile cryptocurrency wallets reached a record 29 million in June 2024. Although the United States is still the leader in the number of users, their share in the total number of crypto wallet owners is decreasing as cryptocurrencies gain popularity around the world.


It is worth noting the countries where cryptocurrencies are rapidly gaining momentum: in Nigeria, India and Argentina. There has been an increase in the number of users of mobile wallets, due to the desire for regulatory clarity, a rapidly growing population, the introduction of mobile technologies and the desire to protect savings from inflation.


According to preliminary estimates, the number of active cryptocurrency users in the world ranges from 30 to 60 million people per month, which corresponds to only 5-10% of the total number of cryptocurrency owners (617 million in June 2024).


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.