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Binance Research: 55% of users invest in cryptocurrencies long-term

A new report from the research division of Binance exchange says 97% of users trust cryptocurrencies. More than half (52%) consider investing in digital assets as a means of earning money.

Of more than 61,000 people surveyed around the world, 15% named cryptocurrency as their main source of income. Top reasons for buying digital assets include long-term investment (55%), distrust of the traditional financial system (38%), and short-term trading opportunities (31%).

Bitcoin continues to dominate the cryptocurrency market. 65% of users own digital gold. For a third of them, the first cryptocurrency accounts for up to 20% of the cryptocurrency portfolio.

60% of users store digital assets on exchanges. Their choice is based on security (28%), user interface and experience (25%), available currency pairs (23%).

DeFi applications are popular with 66% of users.

Recall that 95% of ForkLog surveyed users do not use mixing services.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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