- KuCoin the cryptocurrency exchange, has recently released the German version of its ‘Into The Cryptoverse 2022 Report.
- 44 percent of Germans want to invest in digital assets.
- Statistics also reveal that 41% want to increase the percentage of their cryptocurrency investments over the next six month.
KuCoin the cryptocurrency exchange, has recently released the German version of its ‘Into The Cryptoverse 2022 Report which showed a dramatic increase in the use of cryptocurrency. According to the study, the figure is 16 percent. Germans between 18 to 60 are crypto-investors.
Did the volume of 2021’s Q4 change, or increased, and by what amount?
Additionally, the results shed insight into the current growth in crypto investment within German individuals. Over the last six months, nearly 45 percent of investors in digital assets in Germany have started trading. This indicates that the demand for digital assets is growing steadily.
According to a KuCoin study, the majority of Germans are keen to invest in this growing asset class. 35% of investors who are interested are looking to keep bitcoin as a passive source of income. Nearly Virtually 30% consider digital assets a reliable store of wealth.
Statistics also reveal that 41% want to increase the percentage of their cryptocurrency investments over the next six months. According to research, another 13% of Germans are crypto-curious. They plan to invest in cryptocurrency in the next six months.
German investors are flocking to mainstream cryptocurrencies with long-term promises and consistent profits. Aside from stablecoins, tokens of well-known, scalable blockchain projects like Cardano (ADA), Ripple (XRP), and Terra (LUNA) are also among the most traded cryptocurrencies.
Cardano is a blockchain that has been labeled the “Ethereum killer” because of its better speed and scalability, as well as its real-world experience. Ripple is meant to transmit money across borders and distinguishes itself by collaborations with traditional banking institutions.
Terra is the foundation of a DeFi ecosystem that generates algorithmic stablecoins to lessen the volatility of cryptocurrencies. Another approach to creating passive income is through crypto lending, which is the second most popular form of crypto product, accounting for 13% of investor trade activity.
German investors, who are typically cautious and risk-averse, seek out bitcoin exchanges that provide confidence. When it comes to choosing which cryptocurrency exchange to use, word-of-mouth is crucial.
Half of the investors rely on brand reputation and choose crypto exchanges advised by reputable sources. When it comes to utilizing a cryptocurrency exchange, 40% of investors prioritize security and stability.
Other important factors to consider when choosing crypto exchange platforms are the number of tradable currencies displayed (49%), cheaper transaction fees (46%), and a user-friendly interface (44 percent ).