By Jamie G - Crypto expert - 29-07-2021
Crypto.com, a vigorously growing crypto exchange platform, has released another new study report regarding crypto and its gradual and global acceptance. According to a new market growth assessment, the report shows that the crypto market has now reached 221 million users globally; this has increased to twice its amount since January 2021.
Crypto.com examined data from the 24 largest crypto exchanges for their latest research, revising its approach so that the crypto platform can continue to improve worldwide adoption for investing in cryptocurrency.
Some of the report's keynotes include co-founder of Crypto.com, Kris Marszalek, mentioning how the research team has brought in more clarity of just how significant in size the market is. He talks about how the company's goal is to put "cryptocurrency in every wallet."
The current research from Crypto.com delves further into the market increase by analysing the acceptance and popularity rate for some of the larger crypto coins, such as Bitcoin (BTC), Ethereum (ETH), and altcoins.
Previous research reports published by the crypto platform stated that it took roughly nine months to increase the user base from 65 million to 100 million. Despite the old reports, Crypto.com has now surpassed those analytics by proving in the latest research that in 4 months, the user base increased by 100 million.
According to the report, the adoption of Ethereum surprisingly increased faster than the original crypto, Bitcoin. Bitcoin investments surpassed the market acceptance rate within the first four months of 2021. Bitcoin's mass adoption growth occurred as payment gateway leaders like Mastercard, PayPal, and Microstrategy announced their large Bitcoin transactions early in the year.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
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For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
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