Crypto User Numbers Double in 6 Months

Research carried out by identified more than 220 million users of crypto by the end of June.

AccessTimeIconJul 29, 2021 at 11:44 a.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC

The number of crypto users doubled in the first half, according to

  • Research carried out by the exchange identified more than 220 million users of crypto by the end of June, according to an emailed statement.
  • The company said it used on-chain data and other parameters to compile the figures from 24 of the largest crypto platforms.
  • February to May was particularly active, with numbers surging to 203 million from 106 million. Much of the growth during May, when China's clampdown on bitcoin miners tightened and Tesla CEO Elon Musk commented on bitcoin's carbon footprint, came from adoption of altcoins. The share of altcoin holders increased from as low as 20% of the total between January and April to about 37% in May and June.
  • The figure compares with the nine months it took for the user base to reach 100 million from 65 million.
  • “The growth we have seen in the first half of 2021 on our platform and industry-wide is very encouraging, and we will continue investing heavily as we pursue our goal of putting cryptocurrency in every wallet,” CEO Kris Marszalek said in the statement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.