Blockchain reports 50,000 new wallets a day

Amid a bearish cryptocurrency market that has seen all crypto assets lose value, Blockchain is reporting 50,000 new wallets being registered per day.

CEO Peter Smith tweeted on 15th August that it was his firm and not Coinbase as Bloomberg had reported that was adding 50,000 users to its platform per day. “CORRECTION: It’s actually *Blockchain* (and not Coinbase) signing up over 50,000 per day in the midst of this crypto downturn. It’s delightful to see new entrants actually interested in *using* crypto,” Smith declared.

READ MORE: Blockchain reaches 25 million registered wallets on its platform

Blockchain’s over 27 million users

Recently, Blockchain, founded in 2011, announced it had reached its latest milestone with over 27 million wallets registered on its platform. It also boasts $200 billion in transactions across 140 countries.

The venture allows users to send, receive, trade and store their cryptocurrency. It claims to provide more services and allow users more functions with crypto than Coinbase.

READ MORE: Coinbase customers can now buy/sell crypto with GBP

Blockchain was at one point listed among Virgin’s UK Top 10 list for Most Disruptive Businesses, for reasons that include having launched Blockchain Principal Strategies (BPS), a product aimed at institutional investors. This gives institutions, and family offices customised access to crypto investment markets, including endowments, pensions, hedge and mutual funds within the crypto market.