Blockchain adds record 22 million unique crypto wallets in a year
Cryptocurrency transactions have continued to expand following global acceptance of decentralised finance.
Data compiled by Finbold has revealed that Blockchain.com added a record number of 22.86 million cryptocurrency wallets between November 2020 and November 2021.
Finbold noted in its report that in the period of review, cryptocurrency wallets grew 40.9 per cent from 55.89 million recorded last year. As of November 2020, Blockchain recorded 78.74 million wallets.
The report noted the link in new accounts and the investors intending to get involved in the cryptocurrency sector.
It notes that in November 2019, the wallets stood at 43.15 million, growing 44.79 per cent from November 2018’s figure of 29.80 million. Between 2017 and 2018, the highest growth rate was recorded at 62.3 per cent.
The record number of wallets created also indicates the mainstream adoption of cryptocurrencies.
Bitcoin, and other digital coins such as Ethereum and Shiba, have continued to gain acceptance as a medium of exchange. In October, digital assets saw a fresh hike in value after the launch of the first exchange-traded fund tied to bitcoin futures ProShares Bitcoin Strategy ETF.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 3
FG declares Wednesday public holiday
The minister of interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government in Abuja.
NationWide
Electricity workers urge new minister to address issues in power sector
Mr Igwebike urged the minister to address the issues within two weeks, to guarantee industrial harmony.
States
Impeached Ogun LG chairman Adedayo arrested
“He was taken to Abeokuta by the police,” she said.
Heading 3
At 63, Nigerians have embraced democratic values and practices: SGF
He said democracy affords citizens the opportunity, through elective structures and processes, to participate effectively in the affairs of their country.
NationWide
PDP calls for full investigation into Supreme Court fire incident
He called on the federal government to beef up security around the Supreme Court.
NationWide
Saudi Arabia to conduct free surgeries for Nigerians
“The surgery done will make it the 56th surgery performed by the Kingdom in separating conjoined twins from across the world,” he said.
