Despite the market slowdown, more European retail investors poured their money into cryptocurrencies in the second quarter of this year, while in most of the United States, confidence in this nascent asset class continued to rise. grow and the cautious outlook on investing in cryptocurrencies has strengthened somewhat. . Asia. Moreover, a better understanding of cryptocurrencies will attract more new investors to this market.
These are the results of a global survey commissioned by crypto exchanges. Between May 19 and June 6, 2022, 28,000 retail and institutional investors were surveyed in 23 countries around the world.
The survey showed that at the end of the second quarter of 2022, nearly 52% of retail investors surveyed across major European markets admitted to investing in cryptocurrencies, up from 45% in the first quarter of the year.
Additionally, according to the findings, consumer education remains an issue preventing investors from entering the market, with 21% of respondents in Europe saying they want to invest in cryptocurrencies but don’t know enough to get started. According to Bitstamp, the figure was highest in the UK, where it rose from 25% in April to 31% on the last day of the survey.
Bitstamp CEO Jean-Baptiste Graftieux said in a statement that despite recent market challenges, the latest Crypto Pulse survey shows that investors still want to know more about cryptocurrencies.
“Therefore, it is imperative that companies take the initiative to provide reliable and well-researched educational material to empower the everyday investor, so they can make the best bang for their buck in the market,” did he declare.
Meanwhile, across most of the US, retailers surveyed continued to show greater confidence in cryptocurrencies in the second quarter.
In fact, Canada was the only country where confidence in crypto among retail respondents fell slightly by 50% in Q2 compared to Q1. According to the survey, all other countries in the United States have trust in crypto of 68% or more, with Brazil remaining at 77% in countries like Chile, 69% in Chile, and 70% in Mexico.
In Asia, Bitstamp said survey participants from Singapore, Australia, Hong Kong, Japan and India indicated that the majority of institutional investors in the region, at 66%, would continue to actively recommend crypto as an investment. However, there has been an increase in those who cautiously recommend cryptocurrency investments to their clients, to 18% in the second quarter, from 14% in the first quarter of 2022.
“But they are also using the cryptocurrency winter as an opportunity to build the future. In Singapore, when asked about their future crypto projects, more than a third of institutions said they want to increase investment (35%), are in favor of investing in expanding their knowledge base for their clients (33%) and to expand their cryptocurrency offerings (34%),” according to the report.
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