The First-ever global Report from total 61,073 across 178 countries around the world crypto users. As mass adoption of retail investment in cryptocurrencies becomes more accessible, confidence in cryptocurrencies is growing across the world
According to the findings, there is a near-unanimous confidence in cryptocurrencies (97%) amongst users. More than half (52%) do not consider crypto investing as a hobby, but instead as a means of income; for 15% of users, crypto is considered their primary source of income. Meanwhile, the top three reasons users invest in crypto are (1) to own crypto as part of a long-term investment strategy (55%), (2) a distrust of the current financial system (38%) and (3) short-term trading opportunities (31%).
“We are seeing accelerated adoption of cryptocurrencies as more major players show support and provide additional channels for people to invest. It’s increasingly important for us to understand crypto users as well as their corresponding attitudes and behaviors,” said a spokesperson from Binance Research. “The aim of our 2021 Global Crypto User Index is to understand the commonalities and differences between retail crypto users across the different profile types, as well as across different countries and markets.”
Key insights from the report include:
About the data: “2021 Global Crypto User Index” report, unless otherwise stated. The survey was made available in eight different languages. Fieldwork was undertaken between 15 September and 25 October 2020. The survey was carried out online. The figures have been weighted and are representative of active crypto users in the respective markets (aged 18+).
SOURCE Binance: Professional, data-driven insights and analysis for users in the crypto space to increase the level of transparency and improve the quality of information within the current crypto ecosystem. The team consists of professionals with experience in blockchain engineering, investment banking, strategy consulting, academic research, and data science.