Cryptocurrency wallet downloads have declined, despite the resurgence of the cryptocurrency market.
In September 2023, crypto wallet downloads reached a three-year low.
In
a year marked by the resurgence of cryptocurrencies, the global interest in
cryptocurrency storage applications has experienced a notable decline. Recent
data reveals that cryptocurrency wallets witnessed a total of 73.6 million
downloads in the first nine months of this year, reflecting a decrease of 32% compared to the same period last year.
Declining
Interest in Crypto Wallets
This
drop in downloads marks the second consecutive year of declining interest in
crypto wallets. The number of cryptocurrency wallet downloads has now fallen
significantly below the peak levels observed during the crypto market's boom in
2021. The immense growth of the cryptocurrency market, coupled with Bitcoin's
price rally throughout 2021, led to a surge in cryptocurrency wallet users.
According
to data from Statista, AppMagic, and CryptoSlate, global users downloaded
nearly 186 million cryptocurrency wallets in 2021, setting a new record high in
the market's history. This number is even more astonishing when compared to the
figures from a few years prior.
The
statistics show that the total number of downloads in 2021 was 4.5 times higher
than in 2020 when there were approximately 40 million downloads. It was also
ten times higher than in 2019, when the number of downloads stood at 17.5
million.
Number of Crypto Wallet Downloads
However,
following this historic high in 2021, the trend took a downturn. Between
January and December 2022, the monthly downloads more than halved, plummeting
from 16.8 million to 7.8 million. This caused the annual download figure to
decrease 26% year-on-year, totaling 137.5 million downloads.
73.6 Million Crypto Wallet
Downloads in 2023: A Significant Decrease
The
decline continued into 2023, with people worldwide downloading 73.6 million
cryptocurrency wallet apps in the first nine months. It included prominent
platforms like Coinbase,
Blockchain.com,
Metamask, Trust, and Binance, among others. This number was substantially lower
than the 109.7 million downloads reported in the same period in the previous year.
Furthermore,
the monthly download figures exhibit a sharp decline in the popularity of
crypto wallets. After hovering around nine million between January and May this
year, the total number of downloads dipped to approximately seven million in
June and July.
However,
the decline reached a critical point in September, with statistics revealing a
mere 5.8 million crypto wallet downloads during that month, marking the lowest
number in the past three years.
Despite
this downward trend, it's worth noting that the overall number of
cryptocurrency wallet
downloaded remains substantial. Statistics indicate that since January 2015,
people worldwide have downloaded more than 490 million applications that
facilitate cryptocurrency
storage.
In
a year marked by the resurgence of cryptocurrencies, the global interest in
cryptocurrency storage applications has experienced a notable decline. Recent
data reveals that cryptocurrency wallets witnessed a total of 73.6 million
downloads in the first nine months of this year, reflecting a decrease of 32% compared to the same period last year.
Declining
Interest in Crypto Wallets
This
drop in downloads marks the second consecutive year of declining interest in
crypto wallets. The number of cryptocurrency wallet downloads has now fallen
significantly below the peak levels observed during the crypto market's boom in
2021. The immense growth of the cryptocurrency market, coupled with Bitcoin's
price rally throughout 2021, led to a surge in cryptocurrency wallet users.
According
to data from Statista, AppMagic, and CryptoSlate, global users downloaded
nearly 186 million cryptocurrency wallets in 2021, setting a new record high in
the market's history. This number is even more astonishing when compared to the
figures from a few years prior.
The
statistics show that the total number of downloads in 2021 was 4.5 times higher
than in 2020 when there were approximately 40 million downloads. It was also
ten times higher than in 2019, when the number of downloads stood at 17.5
million.
Number of Crypto Wallet Downloads
However,
following this historic high in 2021, the trend took a downturn. Between
January and December 2022, the monthly downloads more than halved, plummeting
from 16.8 million to 7.8 million. This caused the annual download figure to
decrease 26% year-on-year, totaling 137.5 million downloads.
73.6 Million Crypto Wallet
Downloads in 2023: A Significant Decrease
The
decline continued into 2023, with people worldwide downloading 73.6 million
cryptocurrency wallet apps in the first nine months. It included prominent
platforms like Coinbase,
Blockchain.com,
Metamask, Trust, and Binance, among others. This number was substantially lower
than the 109.7 million downloads reported in the same period in the previous year.
Furthermore,
the monthly download figures exhibit a sharp decline in the popularity of
crypto wallets. After hovering around nine million between January and May this
year, the total number of downloads dipped to approximately seven million in
June and July.
However,
the decline reached a critical point in September, with statistics revealing a
mere 5.8 million crypto wallet downloads during that month, marking the lowest
number in the past three years.
Despite
this downward trend, it's worth noting that the overall number of
cryptocurrency wallet
downloaded remains substantial. Statistics indicate that since January 2015,
people worldwide have downloaded more than 490 million applications that
facilitate cryptocurrency
storage.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
