The “Global Cryptocurrency Benchmarking Study” is The Cambridge Centre for Alternative Finance (CCAF) inaugural research focused on alternative payment systems and digital assets. Led by
Dr. Garrick Hileman, the research is designed to “holistically” examine the global cryptocurrency market and, according to CCAF, is the first of its kind.
Michel Rauchs, a Research Assistant at CCAF, co-authored the report.
Dr. Hileman told:
“The data we collected indicate that the number of people actively using cryptocurrency is much greater than many people previously thought.
Many observers felt that fewer than a million individuals actively use cryptocurrency, but our data suggest that today there are likely well over a million active individuals using cryptocurrency.”
The Global Cryptocurrency Benchmarking Study gathered data from more than 100 cryptocurrency companies in 38 countries around the world via secure web-based questionnaires.
CCAF said they captured an estimated 75% of the cryptocurrency industry. Over 30 individual cryptocurrency miners were also surveyed.
Four key areas were targeted including exchanges, wallets, mining, and payments.