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Blockchain.info logo.

Blockchain.info logo.

It took Blockchain.info nearly two years to cross the threshold of having 500,000 user wallets. When the web-based wallet provider passed a million wallets in early January, it was seen as a huge milestone for the bitcoin community. Today, Blockchain blew past another marker with barely a mention: 1.5 million user wallets.

Even with a massive decline in bitcoin price in recent weeks, Blockchain’s growth rate has been explosive. In April alone, more than 50,000 new user wallets have been created, signaling a still-booming interest in cryptocurrencies.

It’s important to note, however, that the growth of wallets doesn’t necessarily correspond to a growth in users. As a free and increasingly popular service, Blockchain’s API is widely used by other companies in ways that could boost their overall wallet numbers. Even the official Blockchain Reddit account was quick to clarify this point.

Since we don’t store any personal information on a user we have no way of knowing what the ballpark figure is on unique users.

While it is possible that the exponential growth in user wallets says more about Blockchain’s role in the bitcoin ecosystem than it does about bitcoin’s overall popularity, a milestone is a milestone. If the trend continues, Blockchain could cross 2 million accounts by early summer.

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