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Estimate of the number of cryptocurrency users worldwide 2016-2021

Number of identity-verified cryptoasset users from 2016 to June 2021

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Sources

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Release date

July 2021

Region

Worldwide

Survey time period

2016 to June 2021

Special properties

Both sources explicitly state all figures provided are estimates, and each methodology used has its limitations

Supplementary notes

The figures have been taken from several publications:


Crypto.com describes it completely revamped its methodology in July 2021 as opposed to its previous work from May 2020 - due to the acceleration of the crypto world. It remarks that it now uses on-chain data for Bitcoin and Ethereum, counting the number of on-chain deposit adresses found within the largest coin exchanges. That said, the source does openly state that its figures are "a proxy only and subjected to various limitations and caveats".

The numbers shown here from CJBS were collected by the source from "longitudinal account and user data of both small and larger service providers from publicly available sources such as press releases, news articles, company websites, and public forums. This dataset was combined with survey data from participating platforms and projects from 47 countries."

CJBS mentions the figures provided are the "lower-bound of the global cryptoasset unique user base" and adds the following information: "The analysis does not capture all accounts at service providers since no data was available for some major platforms (e.g. in China) or individuals who do not use service providers. Together, these would contribute to an underestimation of total users. On the other hand hand, there are no easy means to identify users with accounts at multiple service providers - a practice that would contribute to an overestimation. Overall, there are reasons to believe that the underestimation factors outweigh the overestimation factors, which suggest that the current figure is a conservative lower-bound estimate."

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Statistics on "Cryptocurrency adoption among consumers"

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