5.6 million crypto storage apps downloaded in January 2021, 31% of all 2020 downloads
March 4, 2021 (Investorideas.com Newswire) Data researched by Trading Platforms UK indicates that cryptocurrency storage application downloads globally hit 5.6 million in January 2021. The figure represents 31.07% of all app downloads in 2020.
Last year, the total download figure was 18.13 million, with December accounting for the highest number at 2.2 million. April recorded the least number of storage app downloads at 1.1 million.
Crypto bull run drives storage apps downloads
The report highlights some of the drivers behind the surge in storage app downloads. According to the research report:
"Overall, the downloads began increasing after the market began an upward movement in April and remained mostly positive. Although institutions are at the center of the crypto rally, the surge in storage app download can also be attributed to retail investors who were getting involved in the sector as the fear of missing out sets in."
Furthermore, the analysis explains the implication of the increasing app downloads in the crypto space. The report notes that:
"With the increasing adoption, the crypto storage apps are lining up gateways into the blockchain space. Most of the storage apps are increasingly performing crucial functions like enabling holders to buy and sell tokens, pay for products and services, among others. This capability is attracting more people."
The full story, statistics, and information can be found here: https://tradingplatforms.com/uk/2021/03/04/5-6-million-crypto-storage-apps-downloaded-in-january-2021-31-of-all-2020-downloads/
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
That's all it takes to get an article published on Investor Ideas - Learn More
