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5.6 million crypto storage apps downloaded in January 2021, 31% of all 2020 downloads


March 4, 2021 ( 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:

More Info: Newswire

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