Binance Survey: 73% of European Users Optimistic About Crypto’s Future

A brand new Binance survey has discovered that 73% of European respondents are optimistic about the way forward for crypto, with 55% solely utilizing cryptocurrencies for on a regular basis purchases. “We are delighted to see the high level of optimism amongst European crypto users, reflecting the growing interest in crypto and blockchain technologies,” mentioned Binance’s CMO.

Europe ‘Actively Paving the Way for Mainstream Adoption of Digital Assets’

Cryptocurrency trade Binance just lately surveyed its European customers in France, Spain, Italy, and Sweden to know their crypto investing habits. The survey was carried out between Oct. 14 and Nov. 8, 2023, with 10,498 members. The outcomes have been launched on Jan. 24.

According to the outcomes, 73% of respondents are optimistic about the way forward for cryptocurrency, with 55% solely utilizing cryptocurrencies for on a regular basis purchases and 24% making over half their trades in crypto. Beyond on a regular basis spending, the survey reveals various crypto makes use of: 34% for long-term buying and selling, 26% for saving, 13% for day buying and selling, and 9% for routine purchases.

Rachel Conlan, CMO of Binance, commented:

We are delighted to see the excessive stage of optimism amongst European crypto customers, reflecting the rising curiosity in crypto and blockchain applied sciences.

“The growing use of crypto in everyday purchases and its diverse applications highlights the integration of digital assets into our lives,” she continued. “With Europe at the forefront of implementing a secure and harmonized regulatory framework for the industry through MiCA, it’s evident that the region is actively paving the way for the mainstream adoption of digital assets.”

Among survey respondents, 82% have been concerned in crypto for not less than a 12 months, with 73% within the one to five-year vary and 5% coming into the house within the final six months. Moreover, over half (53%) are energetic merchants, using various frequencies, from month-to-month (23%) to weekly (17%) and day by day (12%).

Regarding the important thing drivers for crypto adoption, 20% of respondents cited the potential for top returns as the important thing driver, 18% emphasised the beliefs of decentralization and monetary autonomy, and 17% indicated that they’re motivated by innovation and expertise.

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