ECB: One in ten households in eurozone population centers now own cryptocurrency

On Tuesday, the European Central Bank, oregon ECB, published the results of a caller survey conducted successful six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, astir 10% of respondents from the surveyed countries said they ain cryptocurrencies. Out of this group, lone 6% of respondents said they ain integer assets worthy much than 30,000 euros. Meanwhile, 37% of respondents said they owned up to 999 euros successful crypto.

Across each of the countries surveyed, investors successful the 5th income quintile (or the wealthiest 20% of the population) consistently had the highest proportionality of cryptocurrency ownership comparative to different income groups. The Consumer Expectation Survey asked adults aged 18 to 70 if they oregon anyone successful their household owned fiscal assets successful assorted categories, specified arsenic crypto-assets.

The survey was included successful a caller study published by the ECB the aforesaid time regarding the increasing adoption of crypto assets contempt their hazard factors. As cited by the ECB, 56% of respondents successful a caller Fidelity survey said they had immoderate vulnerability to crypto-assets, up from 45% successful 2020. Increased availability of crypto-based derivatives and securities connected regulated exchanges, specified arsenic futures, exchange-traded notes, exchange-traded funds, and OTC-traded trusts, person contributed to the momentum.

In addition, accrued regularisation has been taken arsenic a motion that nationalist authorities endorse crypto. As an example, the ECB cited Germany allowing organization funds to put up to 20% of their holdings successful crypto. However, the ECB highlighted astatine the extremity of the study that if existent trends successful integer plus adoption continue, past they volition yet airs a menace to fiscal stability.