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The Crypto Market Doubled In Less Than 6 Months, Says Latest Study

By Jamie G - Crypto expert - 29-07-2021

Typing on laptop

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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