Report: Crypto users nearly doubled in 2018, undeterred by market slump

A research centre at the University of Cambridge published a report Tuesday showing that the number of verified crypto users has grown from 18 million to 35 million this year. Despite the dramatic drop in bitcoin's price, the wave of new users could signal the market's sustained faith in crypto's recovery, Bloomberg reported. The report's data, collected in the first three quarters of 2018, suggests that the majority of ID-verified crypto users are still individual "hobbyists, retail investors, consumers, or users seeking a better investment or payment alternative", rather than business clients.