Global cryptocurrency trading platform BitMEX simultaneously released the report on the cryptocurrency trends and behaviors of investors in Europe, Asia and Latin America at the launch of the Spot exchange. According to the report, families in Europe see cryptocurrencies as a way to diversify their investments. 10 out of 7 people accept cryptocurrencies as an alternative to traditional currencies. In the research conducted on users aged 21 and over, who are responsible for financial investment decisions, he shared important data about the crypto money industry and investment trends.
The crypto money industry, which has developed significantly in recent years, continues its impact all over the world. Global cryptocurrency exchange BitMEX simultaneously released its report on the cryptocurrency trends and behaviors of investors living in Europe, Asia and Latin America at the launch of its new Spot Exchange. The results of the research conducted with 21 users aged 3000 and over, who are responsible for financial investment decisions, formed a guideline for the crypto money industry and consumer trends.
The research, in which people who use and are interested in using crypto money from Turkey, Germany, Switzerland, Spain, Russia, Ukraine, Brazil, Argentina, Mexico, Vietnam, Singapore, Indonesia and India participated, presented a perspective on a global scale.
According to the online survey technique, 4 out of 3 people believe that crypto money is becoming more common, while 10 out of 7 people believe that crypto is an alternative option to traditional currencies. According to the research, 5 out of 3 people shared that they can accept 10-50% loss for 5-20% gain.
Investors were gathered in five groups and reported
In the report published by BitMEX, investors were divided into five profiles and included in the research. Segregation was provided as female-dominated Crypto Enthusiasts, male-dominated Crypto Enthusiasts, male and female-equal Crypto Scholars, New Investors more distant from investing, and Young Cryptographers composed of youth.
Crypto Enthusiasts and Crypto Scholars constitute the group with the most knowledge and highest investments in the industry. The main focus of this group is buying and selling transactions aimed at increasing personal and family incomes. The female-dominated Crypto Enthusiast group sees cryptocurrencies as an opportunity and a new step towards traditional currencies.
According to the report, 4 out of 3 people state that cryptocurrencies are becoming much more common, while 10 out of 7 investors see cryptocurrencies as an alternative to traditional currencies. At the risk point, 5 out of 3 investors accept a risk between 10 and 50 percent for a 5 to 20 percent return.
Short-term earnings promise attracts investors
The research also revealed the points that investors pay attention to when turning to crypto money platforms. When choosing a crypto platform, people consider fees, currency range, and licensing factors as priority. The promise of short-term earnings and free credit upon registration encourage people to open a crypto account; security concerns and price volatility are seen as major obstacles to moving towards cryptocurrency platforms.
Cryptocurrencies are seen as an important alternative
Commenting on the report, BitMEX Marketing Director Michele Bertacco said, “Today, there is a very rapid rise in cryptocurrencies. As BitMEX, we wanted to better understand the behavior of investors in this context. As a result of the report, we saw that the most important point is to 'raise the economic standard, especially the family'. In this context, cryptocurrencies are seen as a positive and good investment alternative. Three-quarters of respondents view crypto as a mainstream investment and seven-in-4th as an important alternative to traditional currencies. This shows a very exciting path for exchanges like BitMEX.” said.
BitMEX CEO Alexandar Höpner said, “We introduced our Beyond Derivatives strategy last year, and the launch of BitMEX Spot is central to this vision. Today we are one step closer to building a complete cryptocurrency exchange for our BitMEX users to buy, sell and trade their favorite digital assets. We will work without rest, aiming to provide more features for our users to participate in the crypto ecosystem.” said.
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