Crypto Holders Grew 39% to 425 Million in 2022: Crypto.com

Crypto Holders Grew 39% to 425 Million in 2022 according to Crypto.com.
The growth included ownership of Bitcoin (BTC) increasing by 20%.
Worldwide crypto ownership was estimated using a combination of on-chain data.

According to a study published on January 19 by Crypto.com, the number of people who owned cryptocurrencies worldwide climbed by 39% in 2022, going from 306 million in January to 425 million in December.

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Specifically, this growth included ownership of Bitcoin (BTC) increasing by 20%, from 183 million in January to 219 million in December (52% of global cryptocurrency owners). On the other hand, the ownership of Ethereum (ETH) increased by 263%, from 24 million in January to 87 million in December (20% of global cryptocurrency owners).

According to Crypto.com, The Merge was the primary factor contributing to the rapid increase in the number of people using Ethereum. The event allegedly signaled the successful conclusion of the network’s shift from a proof-of-work consensus algorithm to a proof-of-stake consensus method.

The interest shown by institutional investors and the rising popularity of ETH liquid staking both played a part in the widespread adoption of Ethereum.

It is important to note that on-chain market size estimates provided by Crypto.com served as the foundation for this analysis. Additionally, the number of worldwide crypto owners was estimated using a combination of on-chain data and blended factors.

Kris Marszalek, Crypto.com`s CEO, mentions that this past year had profound market challenges. According to him, the significant growth in cryptocurrency owners demonstrates crypto is here to stay.

Kris also extends his gratitude to the continued growth of the Crypto.com community. He adds that the team remains focused on building and driving mainstream adoption in the year ahead.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.