Binance Research's cryptocurrency exchange released the first report from cryptoid preferences to better explore the portrait of potential customers.
No longer a hobby, but the main income
Cryptocal investments are becoming increasingly affordable for retail investors and trust grows. Binance Research analysts came to this conclusion, which worked on the creation of the report "Global Cryptual Users Index of 2021".
The first report in history explores the data of more than 61,000 cryptural users around the world, shedding light on motifs, behavior and preference to this growing audience.
According to the data obtained, among users there are almost unanimous confidence in cryptocompany (97%). More than half of the respondents (52%) consider crypto investment not as a hobby, but as a means of obtaining income; For 15% of users, cryptoinisting is considered their main source of income.
Respondents called three reasons for buying cryptocurrency:
- Investments in cryptocurrency in the framework of the long-term investment strategy (55%);
- distrust of the current financial system (38%); and
- Short-term commercial capabilities (31%).
Key findings from the report:
● Bitcoin continues to dominate the Bitcoin, which is owned by 65% of users, remains the most popular cryptocurrency. 30% of the Bitcoins owners allocate 1-20% of their cryptoportfel on BTC.
● Despite the fact that most crypt holders are Hollows (39%), they also use their digital assets to obtain passive income (22%) and payments (11%). And although the use of cryptocurrency as a means of exchange may not be perceived as the most important use option (21%), the actual use (38%) assumes that the digital asset takes the money function more than the users expect.
● Exchange - most popular storage space cryptocurrency: 60% of users store their digital assets on the stock exchanges. As the most important factors when choosing a stock exchange, users call security (28%), followed by UI / UX (25%) and affordable trading pairs (23%).
● Users tend to use funds (63%) to buy cryptocurrency. Users in the Netherlands with a smallest probability buy cryptography with borrowed capital (3%), while users in China are more likely (23%).
● Defi gains speed. 66% of all users stated that they use Defi applications. Defi is the most popular in Southeast Asia, where more than 54% of user respondents use Dapps.
● Users believe in freedom of money. Reducing confidence in financial institutions correlates with growing trust in cryptocurrency: on 17 of the 20 markets submitted, less than 50% of respondents reported that they trust local institutions.
Who earns the cryptocurrencies most
If we talk about cryptocurrencies, as a way of earning, then large investment funds and companies receive the greatest earnings from investment in cryptocurrency. MorningStar data prove that funds that have invested in cryptocurrencies received a record profit.
With the worst indicators, the year of funds completed the bid on the shares of oil and gas companies that dramatically fell this year due to the collapse of demand. In April of this year, for the first time in history, futures contracts for oil fell below zero.
If we talk about retail investors and traders, then they received a record profit by selling bitcoins accumulated on a record price. At the same time, women traders earn more on gold and cryptocurrency trading.
How to increase the profitability of cryptocurrency trading, we told here.
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