Europe Crypto Fever: App Installations Surge 506%

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Adi Ahdiat 08/05/2022 09:00 WIB

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According to Sensor Tower data, approximately 97 million cryptocurrency app installations on mobile devices were recorded among European citizens throughout 2021.

Number of Cryptocurrency App Installations in Europe (2019-2021)

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Number of Cryptocurrency App Installations in Europe (2019-2021)

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According to Sensor Tower, a US-based digital application research firm, there were approximately 97 million installations of cryptocurrency applications on European mobile devices throughout 2021.

This figure surged approximately 506% compared to the previous year, which recorded only 16 million app installations throughout 2020.

Along with this surge in installations, monthly active users (MAU) of cryptocurrency applications in Europe also grew by 348% in 2021 compared to the previous year.

Sensor Tower believes this phenomenon contributed to the increase in the value of Bitcoin during 2021.

"Amidst the growing adoption (of cryptocurrency applications), the price of Bitcoin has shown a strong positive correlation with cryptocurrency app users in Europe," Sensor Tower wrote in its report.

The most popular cryptocurrency applications in Europe in 2021 were Binance, Paribu, eToro, BtcTurk Pro, and Coinbase.

(Also Read: These are the Most Popular Cryptocurrency Trading Apps in Indonesia in 2021)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Europe Crypto Fever: App Installations Surge 506%

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