Men choose crypto to increase family wealth, while women use it to fund their children's education.
In the meantime, investors from China have the deepest pockets.
Investor
globally moves to cryptocurrencies to prioritize enhancing their living
standards and overall quality of life, the recent Bitget's report unveiled. For
instance, 46% of South Korean investors aim to improve their living conditions,
while 36% of investors in Malaysia and Taiwan focus on boosting family income.
How People around the
World Are Using Cryptocurrencies
Bitget, a popular
crypto derivative and copy trading exchange, has released a new study that
delves into crypto enthusiasts' financial goals and investment behaviors
worldwide. Conducted between May and August 2023, the study surveyed over 1,500
participants from 20 countries, offering a comprehensive look at how geography
and gender shape investment strategies in the crypto space.
The study
showed that global crypto investors' primary financial objectives are to
improve their living conditions and overall well-being.
To break it
down further, individuals from South Korea, Canada, and Turkey were most keen
on elevating their personal living standards, accounting for 46%, 44%, and 41%
of responses in these countries, respectively. On the other hand, investors in
Malaysia and Taiwan see crypto investments as a crucial tool for improving
their family's financial standing, with 36% of responses from these regions
focusing on this goal.
However, the issue of trust remains. According to a separate study, one-third of cryptocurrency users currently do not trust centralized exchanges that offer trading and storage of cryptocurrencies.
Sex in Crypto Matters
The report found
that gender plays a significant role in shaping financial goals. In South Korea
and Japan, more female investors concentrate on personal finances.
Specifically, 49% of female investors in South Korea and 41% in Japan have this
focus, compared to 17% and 30% of male investors in these countries.
In Turkey
and the United States, about 27% of female investors use crypto investments to fund
their children's education. This starkly contrasts South Korea and Japan, where
the percentages are notably lower, standing at 5% and 4%, respectively.
Investment Amounts Differ
across Countries
Chinese
investors are particularly active, with 19% investing over $100,000 in
cryptocurrencies. On the other hand, in Europe, Turkey, and South Korea,
approximately half of the investors allocate between $1,000 and $10,000 for
their crypto investments. In addition, the rising number of European fintech companies is moving toward adopting cryptos and offering services in the digital asset industry.
An earlier
report by Bitget from August showed that among cryptocurrency traders, the most
profitable group is the youngest investors, representing Generation Z.
According to the study, as many as 85% of them report income. Interestingly,
investors under the age of 25 account for nearly half of all transactions in
cryptocurrency copy trading.
The Bitget
study not only reveals a variety of motives but also identifies common threads
that reflect different stages of crypto adoption worldwide. The exchange plans
to continue its research to understand better changing user behavior.
Investor
globally moves to cryptocurrencies to prioritize enhancing their living
standards and overall quality of life, the recent Bitget's report unveiled. For
instance, 46% of South Korean investors aim to improve their living conditions,
while 36% of investors in Malaysia and Taiwan focus on boosting family income.
How People around the
World Are Using Cryptocurrencies
Bitget, a popular
crypto derivative and copy trading exchange, has released a new study that
delves into crypto enthusiasts' financial goals and investment behaviors
worldwide. Conducted between May and August 2023, the study surveyed over 1,500
participants from 20 countries, offering a comprehensive look at how geography
and gender shape investment strategies in the crypto space.
The study
showed that global crypto investors' primary financial objectives are to
improve their living conditions and overall well-being.
To break it
down further, individuals from South Korea, Canada, and Turkey were most keen
on elevating their personal living standards, accounting for 46%, 44%, and 41%
of responses in these countries, respectively. On the other hand, investors in
Malaysia and Taiwan see crypto investments as a crucial tool for improving
their family's financial standing, with 36% of responses from these regions
focusing on this goal.
However, the issue of trust remains. According to a separate study, one-third of cryptocurrency users currently do not trust centralized exchanges that offer trading and storage of cryptocurrencies.
Sex in Crypto Matters
The report found
that gender plays a significant role in shaping financial goals. In South Korea
and Japan, more female investors concentrate on personal finances.
Specifically, 49% of female investors in South Korea and 41% in Japan have this
focus, compared to 17% and 30% of male investors in these countries.
In Turkey
and the United States, about 27% of female investors use crypto investments to fund
their children's education. This starkly contrasts South Korea and Japan, where
the percentages are notably lower, standing at 5% and 4%, respectively.
Investment Amounts Differ
across Countries
Chinese
investors are particularly active, with 19% investing over $100,000 in
cryptocurrencies. On the other hand, in Europe, Turkey, and South Korea,
approximately half of the investors allocate between $1,000 and $10,000 for
their crypto investments. In addition, the rising number of European fintech companies is moving toward adopting cryptos and offering services in the digital asset industry.
An earlier
report by Bitget from August showed that among cryptocurrency traders, the most
profitable group is the youngest investors, representing Generation Z.
According to the study, as many as 85% of them report income. Interestingly,
investors under the age of 25 account for nearly half of all transactions in
cryptocurrency copy trading.
The Bitget
study not only reveals a variety of motives but also identifies common threads
that reflect different stages of crypto adoption worldwide. The exchange plans
to continue its research to understand better changing user behavior.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Tradu Introduces New Crypto Exchange with Competitive Fees
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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