As we draw to a close on 2024, Binance presented the findings of a worldwide user study. The poll asked 27,230 people about their thoughts on the crypto industry, regulations, new consumer trends, and what they want to see in 10 years.
Participating users hailed from a wide range of continents, including the Americas, Europe, Africa, and Asia. Take a look at these key points from Binance's worldwide customer survey.
Potential 2024 Crypto Adopters, Asset Distribution, and Trading Volume
The massive surge of new cryptocurrency users in the business was brought to light by Binance's poll.
Here are the most noteworthy poll findings from 2024 and earlier years about crypto acceptance, wealth allocation, and trading frequency, according to the data from the exchange:
In 2024, over half of the participants (45%) entered the cryptocurrency market.
25.52 percent of those who took the survey entered the cryptocurrency market during the last six months.
Over half of those who took the survey had been involved in the cryptocurrency industry for at least a year.
Nearly half of those who took the survey put less than 10% of their money into cryptocurrency.
More than a quarter of investors have 10% to 25% of their portfolio in cryptocurrency.
Trading occurred daily for about 32% of respondents and weekly for nearly 23%.
Users' reasons for joining the cryptocurrency market were also investigated in the poll.
Reasons to Get Involved with the Crypto Industry
According to Binance's survey data, the following are the main reasons why people join the ever-changing ecosystem:
The possibility of quick cryptocurrency appreciation was mentioned by 22.4% of respondents.
Financial autonomy and decentralization were mentioned by almost 19% of those who took the survey.
Concerning the convenience and quickness of the transactions, more than seventeen percent of them mentioned it.
The Top Tokens for Long-Term Storage Binance tallied up the currencies that customers wanted to keep for the longest. Here are the findings:
A little over sixteen percent of those who took the survey favor owning memecoins.
Bitcoin is preferred by more than 14% of respondents.
Holding BNB is preferred by more than 14.2% of users.
Almost eleven percent of those who took the survey had electroneutral tokens.
Among those that participated, over 10% own more L1 tokens.
The fact that memecoins are at the top of the list indicates that they are well-liked by consumers and have great potential going forward.
What Binance Customers Want Most
The following are the outcomes of the crypto exchange's analysis of the items' popularity among users:
Nearly a quarter of those who took the survey favor Binance Spot trading.
Binance Earn's services are preferred by more than 25% of users for growing their cryptocurrency holdings.
When asked which cryptocurrency converting tool they prefer, more than seventeen percent said Binance Convert.
These results demonstrate that consumers' varying financial requirements influence the manner in which they interact with Binance.
Crypto Market Anticipation for 2025
Many people who took the study are looking forward to 2025 as the year the cryptocurrency sector really gets serious and starts making an impact. In this regard, Binance has compiled the following survey results:
More than 19% of those who took the survey anticipate more crypto laws.
More than 16.5 percent of users anticipated a broader usage of blockchain technology in practical contexts.
Traditional financial institutions are expected to play a larger role, according to more than 16% of respondents.
Predictions for the Emerging Tokens Market in 2025
Here are the results of Binance's poll about the expectations of users for the next year in relation to the developing sub-sectors:
In terms of market dominance, about a quarter of respondents anticipate AI tokens.
Almost 20% of those who took the survey think memecoins will become more popular.
More than 13% of those who took the survey think DeFi tokens have great future potential.
Over 12% of people think L1 tokens will become more popular in the next year.
Amidst a mature and changing crypto industry, AI tokens and memecoins are expected to show tremendous promise in 2025, according to Binance's poll, which indicates an overall rise in crypto use in 2024.
In response to user demand and the increasing popularity of AI currencies and memecoins, Binance has introduced the Binance Alpha platform, which highlights projects in their early stages that have promising Web3 futures.
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