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Crypto Users Increasingly Manage Multiple Wallets for Security and Accessibility
Crypto Users Increasingly Manage Multiple Wallets for Security and Accessibility
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A recent survey by Nansen and Reown reveals that 62% of crypto users now manage two or more wallets, marking a 15% increase from the previous year. The study, conducted by YouGov among 1,000 active users in the U.S. and UK, highlights a fragmented ecosystem where 48% rely on multiple wallets to access diverse networks and chains.
Security concerns are driving adoption, with 44% of respondents using multiple wallets as a safeguard—up from 32.8% last year. Reown CEO Jess Houlgrave emphasizes the industry’s need to prioritize simplicity, safety, and interoperability. Over a third of users demand more streamlined experiences, signaling urgency for improved UX design in decentralized finance.
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