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. 

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Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.