Istanbul, Turkey, November 1, 2024, Chainwire

Paribu’s 2024 Crypto Attitudes and Perceptions Survey, carried out in partnership with FutureBright Group, reveals attention-grabbing insights into the crypto and blockchain trade.

Remaining as essentially the most complete research within the area, this research displays the evolution of the Turkiye cryptocurrency ecosystem, shares precious knowledge with the general public and stakeholders, and shares expectations, motivations associated to cryptocurrencies. , with the purpose of figuring out obstacles and finally producing correct analytical outcomes. A roadmap for future actions based mostly on the findings.

The survey was carried out from July twelfth to September 2nd in 12 cities representing Turkiye utilizing computer-assisted private interviewing (CAPI).

The outcomes are categorized underneath 4 headings: consciousness, expertise, expertise, and demographics.

Consciousness of cryptocurrencies stays steady at 99%

“Crypto consciousness in Turkiye has elevated dramatically, leaping from 16 % in 2020 to a near-universal 99 % in 2023 and 2024. In the meantime, the proportion of crypto merchants has elevated in comparison with the earlier 12 months. This elevated from 25.1% to 27%.

In the meantime, regardless of the rise in buying and selling exercise, buying and selling preferences remained much like the earlier 12 months. It dominates 70% of merchants' preferences and holds a 29% share of the market. When surveyed on cryptocurrency utilization, 75% of people who’re acquainted with and actively commerce cryptocurrencies reported that they primarily have interaction in short-term buying and selling actions. In line with the survey outcomes, 75% of respondents cited quick transactions and hassle-free storage and switch as the principle advantages of cryptocurrencies. When requested about their first affiliation with cryptocurrencies, one-third of individuals talked about cryptocurrencies, and 20 % instantly considered Bitcoin.

Half of Merchants Look to Market Crypto Platforms Intel (NASDAQ:)

A key spotlight of this 12 months's survey is perception into merchants' most popular sources of cryptocurrency info and market analysis. Social media platforms reign as the first supply of data for 63% of crypto merchants. 50% of individuals select cryptocurrency buying and selling platforms as their most popular supply of data.

Paradigm adjustments revealed by cryptocurrency funding developments

Funding preferences have modified considerably since final 12 months's survey. In 2024, gold reigned as essentially the most dependable funding vacation spot with a precedence of 90%, whereas cryptocurrencies secured third place amongst most popular funding devices with 29%.

Many individuals are nonetheless not acquainted with blockchain expertise

Regardless of a three-point improve in consciousness in comparison with final 12 months, blockchain stays largely unknown to the vast majority of folks. Of those that knew about cryptocurrencies, 72% mentioned they knew nothing about blockchain expertise. Consciousness of blockchain stays low, with solely 28% of respondents being acquainted with the expertise. Cryptocurrency wallets have emerged as essentially the most acknowledged blockchain-related idea amongst survey respondents. 52 % of crypto merchants are conscious of this idea, and 43 % of those that find out about crypto are acquainted with it. Staking, writing, and seeding phrases are among the many least acknowledged blockchain ideas by respondents.

Cryptocurrency buying and selling exercise amongst males is on the rise

Demographic evaluation highlights essential developments. In different phrases, males who’re newly launched to cryptocurrencies are considerably extra occupied with buying and selling. Amongst crypto-savvy people, 31 % of males take part in transactions in comparison with 21 % of ladies. The 25-44 age group exhibits the very best cryptocurrency buying and selling exercise. Moreover, crypto buying and selling amongst college graduates has jumped from 30% in 2023 to 39% this 12 months. The standard crypto dealer is 34.7 years previous.

Click on right here to entry the complete report.

contactEli Dengiz[email protected]

This text was initially printed on Chainwire