The variety of cryptocurrency homeowners has massively elevated final 12 months, with almost half of all homeowners worldwide shopping for crypto for the primary time in 2021, in keeping with a brand new report.
Gemini, a cryptocurrency change based by Cameron and Tyler Winklevoss, has polled about 30,000 respondents in 20 international locations between November 2021 and February 2022 to supply an image of a quickly increasing crypto ecosystem. The corporate launched the survey findings as a part of its “2022 International State of Crypto” report shared with Cointelegraph on Monday.
Based on Gemini’s findings, crypto adoption skyrocketed in 2021 in international locations like India, Brazil and Hong Kong as greater than half of respondents began investing in crypto 2021. The variety of such respondents amounted to 54% in India and 51% each in Brazil and Hong Kong.
Elsewhere on the planet, Latin America (LATAM) and the Asia Pacific (APAC) respondents had been additionally actively shopping for crypto in 2021, with 46% of respondents in LATAM and 45% in APAC buying their first crypto in 2021. 44% of respondents in america and 40% in Europe began investing in 2021, in keeping with the report.
Gemini additionally discovered that international locations like Indonesia and Brazil are main the world when it comes to the share of cryptocurrency traders among the many normal inhabitants. Based on the report, 41% of respondents each in Brazil and Indonesia reported proudly owning crypto, in comparison with simply 20% in america, 18% in Australia and 17% in Europe.
Crypto possession charges are reportedly additionally considerably excessive in counties just like the United Arab Emirates, Singapore and Israel, with 35% of respondents within the UAE, 30% of respondents in Singapore and 28% of Israeli respondents reporting holding crypto.
The report additionally cited the uncertainty over crypto regulation and lack of training as two of the largest impediments to the mass adoption of crypto. Amongst non-owners, 39% of respondents in APAC, 37% in LATAM, and 36% in Europe stated that there was authorized uncertainty round crypto. 30% of respondents within the Center East, 24% within the Asia Pacific and 23% in Latam, additionally indicated that crypto tax reporting saved them away from shopping for crypto.
Associated: DeFi, Web3, CBDC nonetheless unknown for many: Survey
As beforehand reported by Cointelegraph, Gemini predicted final 12 months that the variety of U.S. crypto traders would almost double in 2021. Based on another surveys, the variety of new crypto traders within the nation was excess of that in 2021. Based on the “Crypto Notion Report 2022” launched by the Huobi crypto change in January, about 70% of crypto homeowners within the U.S. began investing in cryptocurrencies like Bitcoin (BTC) for the primary time in 2021.
