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Nearly 50% Of Germans Are Ready To Invest In Crypto: Report

Nearly half of the German population is motivated to invest in cryptocurrency, as revealed in the “Into the Cryptoverse 2022” report by digital asset exchange KuCoin.

Germany’s Crypto Adoption Is Growing

According to the report, 44% of Germans are somewhat motivated to “invest in cryptocurrencies to be part of the future of finance”. 35% of them would do it for opportunities to earn passive income and 30% see crypto as a reliable store of value. Some also hope to achieve financial independence.

On another note, around 16% of the country’s population between the ages of 18 and 60 have ever invested in crypto or traded in the past six months.

Of those who have expressed an interest in cryptocurrencies, 77% are researching in hopes of finding potential assets to invest in. 31% of the same group plan to start lending cryptocurrencies.

Crypto Interest Among German Women Is Growing

Other data indicated a growing interest in digital assets among the German female population. In fact, “women make up 53% of crypto curious,” the report states, while 69% of crypto investors are men.

Although the landscape is predominantly made up of men, women are becoming more involved in the space as digital assets become more mainstream. As CryptoPotato reported, a third of American women plan to invest in crypto by the end of the year, while 60% said they intend to buy in the next three months, according to a BlockFi study.

Germany still needs to work on its regulatory framework

Johnny Lyu, CEO of KuCoin, said in a recent interview that the report clearly highlights the growing demand for crypto assets among the German population. This happens despite the fact that the country’s government has not established a comprehensive regulatory framework for the decentralized sector.

“Cryptocurrencies are very popular among supporters of the accumulation strategy, especially among the younger generation. They prefer to save for their retirement on their own and diversify their savings through the use of cryptocurrencies. – reads the newspaper.

The German government, however, was the first to recognize Bitcoin as a “financial instrument,” but it has only had “some success in regulating crypto,” Lyu said.

Strong demand for such assets in Germany has led Swiss FinTech company Leonteq to expand its crypto services there and in Austria by partnering with ICF BANK AG, providing digital asset offerings to institutional and private clients.

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