There are many companies sharing how many million new crypto users they have recently. Finally, a popular crypto analyst made a forecast and announced how many new bitcoin (BTC) traders were added to crypto exchanges per day.
Willy Woo shared that, based on data provided by blockchain analytics firm Glassnode and the Cambridge Alternative Finance Center, the number of new BTC users seen on the blockchain has increased as indicated by the pink line on the graph.
Woo continued as follows:
“There are 35,000 new users a day on the blockchain. This means exchanges are currently attracting about 100,000 additional users per day.”
In response, the very wealthy social commerce platform eToro said yesterday that it added more than 5 million new registered users in 2020, and gained 1.2 million users last January alone, reaching the 20 million user milestone.
In addition, Hong Kong-based firm Crypto.com, which provides crypto card, trading and lending services, announced that it reached 10 million users a few months after the 5 million it caught in February.
Jack Dorsey’s Square company and Cash App mobile payment app, which adopts crypto, revealed that “more than three million customers” were trading BTC on their platform in 2020, and “more than 1 million customers” bought Bitcoin “in January this year.
Using data from Square and PayPal, individual investors reportedly purchased over 187,000 BTC so far this quarter, about 205,000 BTC last quarter.