"Number of Cryptocurrency Wallets Surpasses 400 Million... Institutional Adoption Continues to Rise"
Doohyun Hwang
Summary
- It was revealed that the number of wallet addresses holding cryptocurrencies has surpassed 400 million.
- Despite the volatility in cryptocurrency prices, the number of wallets is increasing.
- The increase in wallet management by institutions and individuals suggests the spread of cryptocurrency adoption.
It has been revealed that the number of wallet addresses holding cryptocurrencies has surpassed 400 million.
On the 6th (local time), Chainalysis stated, "Although the price of cryptocurrencies is volatile, the number of wallet addresses holding cryptocurrencies continues to increase. Today, over 400 million wallets hold cryptocurrencies," explaining this trend.
They added, "One wallet does not necessarily mean one user. However, the fact that institutions and individuals can manage multiple wallets suggests that the number of over 400 million wallets indicates a steady increase in cryptocurrency adoption."
Doohyun Hwang
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