European Market Sees Massive Decline Amid Crypto Bear

The crypto bear market has had a significant impact on investing patterns across the space. Where the interest peaked in the bull market of 2021, the reverse was the case during the bear trend of 2022. In light of this, there has been an impact on the download numbers of crypto exchange apps across the space. In particular, the download numbers of crypto apps across the European market. 

Crypto App Numbers Fall By Half

A new report has shown that the downloads of crypto apps across the European market have been on a decline. It took the data across 10 apps that had garnered millions of downloads and compared the data from the first half of 2022 to the numbers from the first half of 2021. What this showed was that there was an almost 50% decline in the numbers.

In the first half of 2021, there was a total of 7.5 million downloads across these 10 cryptocurrency apps. However, in the first half of 2021, there was a total of 4.1 million downloads across all of these apps, amounting to a 45% decline between the two periods. 

The data was collated from the Google Play Store across crypto apps such as BRD, Bitpanda, Bitstamp, Nexo, Kriptomat, Luno, Change, Coinmetro, Wirex, and These apps are popular among European investors, making them a good option for the report.

Naturally, some crypto apps have recorded more decline compared to others. The largest hit in the market was BRD, an app that has seen its downloads decline 97% between the first half of 2021 and the first half of 2022.

The next on the list was the Bitpanda app which was down 65% in the same time period. is a crypto exchange platform that has been hard-hit in the recent bear market trend. The company has had to lay off a good portion of its staff, and the download numbers show how much the platform is struggling. Its downloads are down 51% in the first half of 2022.

Other crypto apps that have been hit by the bear trend include Luno, Kriptomat, and Nexo, with declines of 17%, 10%, and 10%, respectively. Wirex downloads were down 5%, the lowest of all apps that saw a loss. Interestedly, some on the list actually saw an increase in their download numbers.

Three of the total 10 apps surveyed came out with increases. These were Change, Bitstamp, and Coinmetro, with 2.5%, 14%, and 50% increases, respectively. These apps have remained in favor of crypto investors even through the bear. 

Featured image from News18, chart from

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Related Posts

1inch wallet users get domain names with Unstoppable Domains partnership

The DEX aggregator said the partnership would promote the wider adoption of DeFi and Web3 products and services. Decentralized exchange aggregator 1inch has partnered with Unstoppable Domains…

Wall Street disaster expert Bill Noble: Crypto spring is inevitable

“It’s 10% up or 10% down each day. I don’t have to wait five years in between crises. As a matter of fact, I only have to…

Ripple to surge 50% due to new partnership and comments from former SEC director to XRP case

According to analysts, XRP is just a breakout away from marking a 50 percent price rally. According to independent market analyst DonAlt, a loss for Ripple would…

Is payments giant SWIFT preparing for a blockchain-bound future?

Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation? SWIFT is a payments colossus. It operates across more than…

Banks hold $9,200,000,000 in Bitcoin, Ethereum, Solana and other cryptos – Will they increase their share?

The total exposure of top global banks to crypto assets is more than $9.2 billion and of this, Bitcoin and Ethereum have a combined share of more…

Tao Te Ching (TTC): Can Chinese Wisdom Justify Its $661 Price?

Tao Te Ching takes its name from the ancient book of Chinese wisdom, but is this microcap memecoin with its ultra low circulating supply the way, or…

Generated by Feedzy