Blockchain says crypto price surge has increased its number of wallets by 4 million

Crypto wallet Blockchain says the bitcoin bull market is helping it add more customers as it looks to add new products, it said in a monthly update. 

In the update, which covered future product launches, feature highlights and industry analysis, Blockchain said it added 4 million new wallet accounts in two months.

It credited part of that rise to its support of stablecoin PAX, which it added to its platform earlier this year.

The company also introduced higher trade limits for its Swap feature, which allows users to convert crypto to crypto in-wallet, without switching to fiat first. Previously, users at "Gold level" of verification could only swap up to $5,000 per order and $100,000 per week. Now, the cap is $10,000 per swap and $50,000 per day.

The company also reported that ETH and BTC's jumps in May equated to more adoption, since the number of wallets created in the past two months eclipsed April and May of last year by more than double.

Blockchain is also looking to add new capabilities to its mobile wallet, which it said could lead to further increases in its user-base. Peer-to-peer payments and savings services could follow, according to Blockchain.