In the fourth quarter of 2022, users spent 100 million downloads of cryptocurrency applications

As analysts from Adjust and Apptopia found out, the fourth quarter of 2021 alone accounted for more than 100 million downloadscryptocurrency applications.

The volume of cryptocurrency app downloads perthe fourth quarter of 2021 alone amounted to more than 100 million times. This was reported in a report by research companies Adjust and Apptopia. According to the study, from 2019 to 2020, the number of downloads of crypto applications increased by 64%. In 2021, there was a whopping 401% increase compared to 2020.

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Download rates correlate with overallprice changes in the cryptocurrency market, which may indicate that new price highs are attracting user interest, Adjust notes. According to analysts, the Binance app has become the most downloaded in 2021.

The top three also included Crypto.com and Coinbase. Adjust did not specify the number of downloads of these applications, however, they said that about 20% of Binance downloads in 2021 came from Turkey, and only 9.3% from the United States.

The Adjust report showed that the averagesession duration for crypto applications is ~15 minutes, which is much longer than, for example, stock trading and banking applications. However, the report did not take into account applications such as Cash and PayPal, which support cryptocurrency.

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