60% of crypto investors are young and invest less than $10,000

60% of crypto investors are young and invest less than $10,000

The Crypto market is dominated by young, educated investors who invest primarily with small amounts. Overall, 60% of investors are between 25 and 44 years old, with Binance being the preferred exchange. These findings come from a large-scale investigation by CryptoQuant that uncovered some remarkable data.

The rise and fall of “celebrity cryptocurrencies” in 2024

The rise and fall of “celebrity cryptocurrencies” in 2024

Younger generations are leading the crypto market

The analysis company recently presented the 2024 Crypto Survey: Exchange Use and Investor Behavior before. This study sheds light on investor behavior and use of crypto exchanges and shows the willingness of the digital generation to experiment with cryptocurrencies.

The survey results show that a significant proportion of participants are aged 25 to 44. Overall, 60% of crypto investors belong to this age group. According to the report published on January 15, 35% of users are between 25 and 34 years old. Another 26% fall into the 35 to 44 year old category.

These investors also prefer Binance, one of the largest Crypto exchanges of the world. Professional traders, on the other hand, use platforms such as Bybit, OKX and Bitget. Part-time traders who spend less time trading prefer to trade Coinbase and Kraken back.

Private investors dominate the crypto market and rely on their own research

The study also shows that crypto investors generally have a high level of education. Almost half of respondents have a bachelor’s degree, while 28% have an advanced academic degree. At the same time, the crypto industry is still heavily dominated by men: 89% of participants are male, while only 11% are female – a clear gender imbalance.

CryptoQuant highlights that most investors invest less than $10,000 per year in cryptocurrencies. This underlines the dominant presence of private investors, i.e. individuals without an institutional background. Regionally, Asia leads the way with 40% of users, followed by Europe with 29% and North America with just 10%. This is surprising since the industry is loud Crypto News is strongly influenced by the US economy.

What’s also notable is that only 22% of investors trust their own research when making investment decisions. A smaller proportion, 16%, are influenced by social media personalities or other prominent figures in the crypto scene. Other sources such as friends or media play a significantly smaller role.

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