According to a recent report by CryptoQuant, a global survey conducted on cryptocurrency users reveals insightful data about market participants. Notably, around 60% of respondents are aged between 25-44 years, indicating a youthful demographic engaged in digital assets. Furthermore, the research highlights that over 62% of users possess more than three years of industry experience, reflecting a maturing market.
The survey also delves into trading behavior, revealing that 76% of participants prioritize spot trading, while only a mere 28% engage with wealth management products. Investment patterns indicate a strong focus on Bitcoin, Ethereum, and Layer 2 projects, as these remain prevalent among users.
Moreover, the integration of AI and blockchain technologies is emerging as a significant trend, pointing towards potential future innovations. The survey further highlights user preferences for exchanges, with 53% rating Binance as their primary trading platform, and 51% claiming the highest returns through it, underscoring Binance’s dominant position in the market.
Source: https://en.coinotag.com/breakingnews/survey-reveals-bitcoin-dominance-insights-into-cryptocurrency-user-behavior-and-preferences-on-binance/