The Rise In Bitcoin Wallets Is Related To Its Pump

The famous Blockchain website reported in its monthly report that the rise in the price of the Bitcoin (BTC) helped add more individuals to the field and was reflected in the high number of Bitcoin wallets.

The new monthly report covered various topics such as the launch of new products in the Crypto world, an analysis of the industry, and the Blockchain platform succeeded in adding 4 million accounts to the portfolios(wallets) of Bitcoin within two months.

The company said it was credited for supporting one of the most known stable-coin,  PAX token (Paxos) , which was supported in the Blockchain wallet earlier in the past.

The company also added the conversion feature of one cryptocurrency to another one within the wallet without the need to deposit new funds.

The rise in the price of BTC and ETH in May coincides with a rise in the number of users, with the number of wallets created in the past two months exceeding April and May of last year more than doubling.

Blockchain looks to add more new features to its digital portfolio, which aims to attract more users, and has hinted at the possibility of launching P2P.

Please note, that is not a bit of financial advice, nor the WhaleToBe team’s view

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