Who’s Really Investing in Cryptocurrency? 60% Are Young Men

The cryptocurrency manufacture has witnessed the accomplishment of galore investors. While immoderate person gone each in, a fewer stay skeptical and proceed to beryllium connected the fence. But who is truly bold capable to look the volatile waves of the cryptocurrency market? A caller study by CryptoQuant sheds airy connected the demographic that is progressively funny successful the integer plus market.

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Young Investors Dive Into The Cryptocurrency Industry

Source: Watcher Guru

CryptoQuant’s survey titled “2024 Crypto Survey: Exchange Use and Investor Behavior” revealed that much than 60% of cryptocurrency investors are betwixt the ages of 25 and 44. According to the study which was published connected January 15, 35% of users are betwixt the ages of 25 and 34, and 26% are betwixt the ages of 35 and 44. This doesn’t travel arsenic a astonishment arsenic the younger procreation has been taking implicit the cryptocurrency abstraction for a portion now.

In addition, moving implicit to the sex demographics, men were seen dominating the space. About 89% of respondents identified arsenic male, and lone 11% arsenic female. The bulk of respondents stated that they put little than $10,000 per year, highlighting the cryptocurrency market’s predominance of retail investors.

Source: CryptoQuant

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Binance Crowned As A Favorite

About 53% of respondents named Binance arsenic their superior cryptocurrency exchange, making it the astir popular. Additionally, it was the astir profitable, with 51% of users saying that Binance was the root of their biggest profits. This was followed by 48% of respondents suggesting that the bulk of their assets are held connected the exchange.

Source: CryptoQuant

It should beryllium noted that CZ’s cryptocurrency speech revealed adoption rates supra 50%. Binance emerged arsenic the marketplace person successful South America, Africa, and Asia. According to 45% of respondents, Coinbase is the astir fashionable speech successful North America.

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