KuCoin Exchange Report Shows Growing Crypto Adoption in the U.S.

Into The Cryptoverse US report by global cryptocurrency exchange KuCoin disclose Amazing statistics on the positive dynamics of blockchain and digital currency adoption in the US. According to the report, the findings suggest that adults and younger generations of users are leading the way in integrating cryptocurrencies into everyday financial operations.

The survey provides key data related to U.S. user investment sentiment, with a 5% increase in new adults in the industry compared to the fourth quarter of 2021. More than 8 million new users entered the decentralized space, with a total of 50 million users in the US, or as much as 27% of adults aged 18-60. Data shows that so many users have traded cryptocurrencies in the past six months or intend to do so.

Demographic changes have also been identified, with as many as 35% of investors being women as of the first quarter of 2022, an increase of 5% from one quarter. During the same period, a whopping 47% of female investors surveyed, still 17% lower than male users.

Overall U.S. interest in cryptocurrencies is also on the rise. A total of 59% of respondents expressed their willingness to increase investment, mainly due to a narrowing of the generation gap, with a 7% increase in users aged 42-50.

The digital currency’s growing yields have largely played a role in this growth, as the share of users earning more than $100,000 a year has grown by 7%. Increased crypto education is a contributing factor, with surveys showing that a whopping 58% of crypto investors are familiar with digital assets by the first quarter of 2021, and a whopping 71% of young users claim to have received messages from social media.

37% of respondents attested that investors in the US are looking to digital currencies as a means of improving their quality of life and earning potential. Millennials, Gen Z, and Gen X are leaders in this view. As many as 48% of U.S. crypto investors believe that cryptocurrencies are the “future of finance,” the top reason for investing across all age groups.

The increasing number of users entering the decentralized space is driven by declining incomes and increasing the popularity of digital currencies through social media and online educational efforts. The KuCoin Into The Cryptoverse US Report is a great source of blockchain penetration statistics, in line with earlier editions related to Germany, Africa, and Brazil.

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