Who’s Really Investing in Cryptocurrency? 60% Are Young Men
The cryptocurrency industry has witnessed the arrival of numerous investors. While some have gone all in, a few remain skeptical and continue to sit on the fence. But who is really bold enough to face the volatile waves of the cryptocurrency market? A recent report by CryptoQuant sheds light on the demographic that is increasingly interested in the digital asset market.
Young Investors Dive Into The Cryptocurrency Industry
CryptoQuant’s survey titledrevealed that more than 60% of cryptocurrency investors are between the ages of 25 and 44. According to the report which was published on January 15, 35% of users are between the ages of 25 and 34, and 26% are between the ages of 35 and 44. This doesn’t come as a surprise as the younger generation has been taking over the cryptocurrency space for a while now.
In addition, moving over to the gender demographics, men were seen dominating the space. About 89% of respondents identified as male, and only 11% as female. The majority of respondents stated that they invest less than $10,000 per year, highlighting the cryptocurrency market’s predominance of retail investors.
Binance Crowned As A Favorite
About 53% of respondents named Binance as their primary cryptocurrency exchange, making it the most popular. Additionally, it was the most profitable, with 51% of users saying that Binance was the source of their biggest profits. This was followed by 48% of respondents suggesting that the majority of their assets are held on the exchange.
It should be noted that CZ’s cryptocurrency exchange revealed adoption rates above 50%. Binance emerged as the market leader in South America, Africa, and Asia. According to 45% of respondents, Coinbase is the most popular exchange in North America.
