The market of cryptocurrencies It is dominated by young investors, who invest mostly small amounts. In general, 60% of investors are between 25 and 44 years old and binance is the preferred platform. These are the findings taken from a large-scale survey conducted by Cryptochant, which revealed some surprising data.
Younger generations lead the cryptocurrency landscape
The analytics company recently presented the survey 2024 Crypto Survey: Exchange Usage and Investor Behaviorwhich examined investor behavior and the use of cryptointercambios. The results show how the digital generation is ready to experiment with cryptocurrencies.
The survey results show that a significant proportion of participants are in the 25-44 age group. In total, it represents 60% of crypto investors. The report, published on January 15, specifies that 35% of users are between 25 and 34 years old. Additionally, 26% belong to the 35 to 44 age category.
It also reveals that Binance, one of the biggest cryptocurrency bags in the world, is the preferred option for these investors. For full-time traders, the Bybit, OKX and Bidget platforms are popular. Those who prefer to spend less time trading, part-time traders prefer Coinbase and Kraken.
Retail Investors Dominate the Cryptocurrency Market and Prefer Self-Examination
The survey shows that crypto investors generally have a high educational level. Nearly half of respondents have a degree and 28% have obtained higher academic qualifications. At the same time, the world of cryptocurrencies is still largely male-dominated. 89% of participants identify as men and just under 11% as women. So, there is still a significant gender gap in the sector.
Cryptotique also reveals that most investors invest less than $10,000 per year. This highlights the importance of retail or individual investors. As for the location of investors in the world, Asia leads the list. Regionally, the continent leads the list with 40% of users. It is followed by Europe, with 29% and North America, with only 10%. That’s a small proportion, considering the sector is largely driven by the U.S. economy, according to Crypto News.
Finally, what is also worth mentioning is that only 22% of investors trust their own research when making investment decisions. A minor proportion, 16%, are influenced by social media personalities or other big names in the cryptocurrency world. Other sources, such as friends and the media, have significantly lower influence on investors.