The adoption of cryptocurrencies has seen fast progress this yr, with the international crypto population doubling since January, according to a brand new report.

Major digital asset firm Crypto.com launched its newest research measuring international crypto users on Thursday, discovering that the variety of crypto users worldwide is staggering, greater than doubling from 100 million in January to 221 million in June Has.

The firm notes that crypto adoption has accelerated this yr because it took simply 4 months to almost double the crypto population from 106 million in February to 203 million in May. By comparability, it took 9 months for the variety of international crypto users to leap from 65 million to 100 million since Crypto.com began monitoring the crypto rollout.

The outcomes present that Bitcoin and the second Most worthy cryptocurrency, Ether (ETH), have misplaced market share amongst crypto holders, whereas the variety of users who personal different digital belongings is rising.

The research additionally reveals that there has been an enormous surge in crypto users this yr, together with a notable surge in the reputation of different currencies, or cryptocurrencies aside from Bitcoin (BTC). As Crypto.com has famous, the altcoin adoption is probably going to be fueled by a brand new wave of users concerned with altcoins comparable to Dogecoin (DOGE) and Shiba Token (SHIB) amid Elon Musk’s criticism of mining BTC for allegedly Environmental harm.

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Crypto.com’s newest crypto population research comes after the firm launched its first version measuring international crypto users in May 2020. The newest report contains knowledge from 24 main international crypto exchanges together with Binance, Coinbase, Huobi, and others.