More than 40 million users adopting the Blockchain wallet
More than 40 million users adopting the Blockchain wallet
Blockchain

More than 40 million users adopting the Blockchain wallet

By Marco Cavicchioli - 26 Sep 2019

Chevron down

According to a Statista study, the number of users of the Blockchain wallet in the world has now exceeded 40 million. 

Already at the end of 2016, they were more than 10 million, while 20 million was exceeded the following year, at the end of 2017, probably thanks to the speculative bubble. 

At the end of 2018 it was also exceeded 30 million, and then it took six months to get to 40, in June 2019. Blockchain.com itself reveals that on the 25th of September the total number of wallets exceeded 42 million. The increase is therefore not linear but is accelerating. 

The report does not take into account bitcoin wallets in general, but only those created on the Blockchain.com platform, which allows you to keep other cryptocurrencies. Moreover, it does not refer to the number of public addresses but to the number of wallets. In fact, each wallet can also contain several addresses. 

For example, as far as bitcoin is concerned, there are now almost twenty million addresses that contain BTC for a value equal to or greater than one dollar, while the number of active addresses in the 24 hours is more or less stable around 700,000

Therefore, the Statist report reveals that the Blockchain wallets that have been created are many more than the individual bitcoin addresses that contain BTC for a counter value of at least one dollar, revealing that probably many wallets have been created but are still empty, or contain very few tokens, or contain no Bitcoin but other cryptocurrencies. 

In addition, the number of active addresses is much more limited than the number of wallets that have Bitcoin, so many of them are very little active. 

Some conclusions can be drawn from this data. 

First of all, the cryptocurrency wallets that have been opened are certainly much more than 40 million, since these are only those opened on the platform Blockchain.com. Therefore it is conceivable that many tens of millions of people in the world have opened their cryptocurrency wallet. 

Secondly, most of these do not contain Bitcoin or contain so few that they are negligible.  Finally, the number of wallets is growing rapidly, especially after 2017, and particularly in 2019. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.