Study Reveals US and UK Crypto Users Manage Multiple Mobile Wallets

A new study by the on-chain UX platform Reown, with insights from Nansen AI, shows that 62% of 1,000 active crypto users in the US and UK manage more than two mobile wallets. The report, titled '2025 State of Onchain UX', highlights that wallet usage has increased by over 15% compared to 2024, driven by interoperability issues and security concerns. The survey also indicated that 48% of respondents use multiple wallets to access different networks and chains, while 44% cited security considerations. Additionally, the study noted a slight resurgence in hardware wallets, though they were preferred by only 7% of users. Industry experts like Jess Houlgrave, CEO of Reown, and Aneri Amin from Coinbase Wallet shared insights into the challenges and evolving user experiences shaped by regulatory shifts, market dynamics, and an influx of institutional interest in areas such as payments and RWA tokenization. The report underscores the complex dynamics of wallet management as crypto users navigate liquidity fragmentation, gas fees, and the need for better security and app connectivity.