44% Will Invest in Crypto and Join “The Future of Finance”

Germany has a high level of cryptocurrency literacy. They are deep in the cryptoverse – here is a stat attack.

KuCoin, a crypto exchange, has released a report, called Into The Cryptoverse 2022, Germany edition. The survey explores cryptocurrency adoption rates in Germany and what the locals think of the decentralized theme.

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Germany was the first country to recognize Bitcoins as “units of value” and that they could be classified as a “financial instrument.”

Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are crypto investors.

These people who own cryptocurrencies or have traded cryptocurrencies in the past six months.

41% of these crypto investors intend to increase the share of their investments in crypto in the next six months. Another 13% of Germans are crypto-curious. They intend to invest in cryptocurrencies too. Yet, only 23% of the crypto-curious said they are highly likely to invest, with the rest remaining hesitant.

Germany and Trading

17% of crypto investors in Germany have over two years of experience trading. Of these, 4% have been trading for over six years.

45% of investors started trading crypto within the past 6 months.

18% started trading within the past year.

37% of German crypto investors have been trading crypto for over a year. This might be because tax is imposed on those who hold cryptocurrencies for less than a year.

69% of crypto investors are men.

Women account for 53% of the crypto-curious.

The appeal of cryptocurrencies as a means of passive income is growing in the Western European country. Digital assets and their possibility of generating a return on investment have gone mainstream.

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44% of Germans are motivated to invest in cryptocurrencies to be a part of “the future of finance.”

35% do it for the passive income opportunities.

30% consider cryptocurrencies as a reliable means of value storage.

The remaining 29% hope to become financially independent by using cryptocurrencies.

German crypto investors allocate an average of 24% of their trading volumes to staking for earning stable income. Currently, yields are higher than those offered by bank savings accounts.

Half of the crypto-curious investors expect 10% return. And, a 5% loss on their crypto investments.

germany bitcoin

Crypto lending

Crypto lending is the second-most popular type of crypto product. It takes up 13% of investors’ trading volume.

31% of crypto-curious investors plan to start their foray into the industry from crypto lending.

77% of crypto-curious investors are researching potential assets to invest in.

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