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

A caller Binance survey has recovered that 73% of European respondents are optimistic astir the aboriginal of crypto, with 55% exclusively utilizing cryptocurrencies for mundane purchases. “We are delighted to spot the precocious level of optimism amongst European crypto users, reflecting the increasing involvement successful crypto and blockchain technologies,” said Binance’s CMO.

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

Cryptocurrency speech Binance precocious surveyed its European users successful France, Spain, Italy, and Sweden to recognize their crypto investing habits. The survey was conducted betwixt Oct. 14 and Nov. 8, 2023, with 10,498 participants. The results were released connected Jan. 24.

According to the results, 73% of respondents are optimistic astir the aboriginal of cryptocurrency, with 55% exclusively utilizing cryptocurrencies for mundane purchases and 24% making implicit fractional their trades successful crypto. Beyond mundane spending, the survey reveals divers crypto uses: 34% for semipermanent trading, 26% for saving, 13% for time trading, and 9% for regular purchases.

Rachel Conlan, CMO of Binance, commented:

We are delighted to spot the precocious level of optimism amongst European crypto users, reflecting the increasing involvement successful crypto and blockchain technologies.

“The increasing usage of crypto successful mundane purchases and its divers applications highlights the integration of integer assets into our lives,” she continued. “With Europe astatine the forefront of implementing a unafraid and harmonized regulatory model for the manufacture done MiCA, it’s evident that the portion is actively paving the mode for the mainstream adoption of integer assets.”

Among survey respondents, 82% person been progressive successful crypto for astatine slightest a year, with 73% successful the 1 to five-year scope and 5% entering the abstraction successful the past six months. Moreover, implicit fractional (53%) are progressive traders, employing divers frequencies, from monthly (23%) to play (17%) and regular (12%).

Regarding the cardinal drivers for crypto adoption, 20% of respondents cited the imaginable for precocious returns arsenic the cardinal driver, 18% emphasized the ideals of decentralization and fiscal autonomy, and 17% indicated that they are motivated by innovation and technology.

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