We recently reached a major milestone at Blockchain.com, exceeding more than $ 1 trillion in crypto transactions on our platform. To put that number in context, we’ve processed nearly a third of all Bitcoin network transactions since 2012, with the majority of all transactions processed through Blockchain.com wallets occurring in the past 2 years. These numbers do not reflect what is being bought and sold on our exchange, but the real world usage of crypto: instantly sending values around the world as easy as sending an email.
When I came to Blockchain.com three years ago, some of my colleagues in the financial services industry doubted we would ever go mainstream. Now some of those doubters have become our institutional clients and have incorporated our technology into their business to build trust with their own clients.
That is why growth has been so exciting for us in recent years. We’re gaining trust with people new to crypto and we keep our promise to people who have been with us for 10 years. There are three main drivers of this growth. The first is in retail, where we have more than 76 million active wallets today. Second, our institutional market business continues to grow exponentially as more and more asset managers seek to satisfy their clients’ demands to work with this new asset class. Third, our brokerage and exchange business continued to grow along with the intense consumer demand for cryptocurrencies that dominated the headlines for the past 6 months.
What makes Blockchain.com unique is that we have a thriving business in three key parts of the market. With diverse sources of income, great products to meet consumer demand, and a team on site, we are confident that we will see sustainable growth in the years to come.