A recent survey from CryptoQuant has unearthed fascinating demographics about cryptocurrency investors. The data illuminates a youth-centric and male-dominated market, with over 60% of participants aged between 25 and 44 years. This suggests a significant influence of younger generations on the digital financial landscape.
The findings from CryptoQuant, released on January 15 in their “2024 Crypto Survey: Exchange Use and Investor Behavior,” reveal 35% of investors fall within the 25-34 age bracket, while 26% are aged 35-44. The survey further shows that these investors are predominantly well-educated: nearly half hold a bachelor's degree, and 28% possess advanced degrees. This highlights a trend of highly educated participants driving the market.
The research underscores the crypto domain's substantial male orientation. An overwhelming 89% of respondents identified as male, compared to just 11% female. This continues a pattern seen across financial sectors where male participation often overshadows female involvement.
Retail investors dominate the landscape, with most participants investing less than $10,000 annually. Asia leads with 40% of users, Europe follows at 29%, and North America at 10%. Investment decisions are primarily driven by personal research (22%) and social media influencers (16%), with lesser influence from friends and media.
In trading preferences, spot trading remains dominant, capturing 76% of user interest, far surpassing derivatives or staking. Only 28% engaged in staking and yield farming, indicating a cautious approach to newer, potentially riskier investment products.
Among exchanges, Binance emerges as the premier choice for 53% of participants, known for its profitability and user reliance. Notably, it is favored in regions such as Asia, Africa, and South America. In North America, Coinbase commands 45% user preference. Regulation vigilance was pronounced, with 83% of traders attentive to compliance issues; Binance was rated most compliant by 32%.
Bitcoin leads as the preferred asset, followed by Ethereum and layer-2 solutions. It remains the dominant choice for profit-generation, illustrating sustained confidence in established cryptocurrencies. These insights show a strong inclination towards blue-chip cryptos, shielding investors from high-risk tokens.
Gathered from 17,566 respondents, this data from CryptoQuant highlights current trends and behaviors, offering a portrait of the crypto investment community.