💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

A High Demand for Cryptocurrencies in Germany: KuCoin Report

Published 03/24/2022, 03:02 PM
Updated 03/24/2022, 03:30 PM
A High Demand for Cryptocurrencies in Germany: KuCoin Report

    • A report released by KuCoin shows that cryptocurrencies may have a bright future in Germany.
    • According to the report, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of the future of finance.”
    • Although the demand for cryptocurrencies in Germany is high, the local regulator has had little success in regulating cryptocurrencies.

A report released by KuCoin indicates that the richest country in Europe, Germany, is coming around to cryptocurrency. The report shared statistics that are indicative of a positive future for cryptocurrencies in Germany.

According to the report, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of the future of finance.” The report also mentioned that over a third, around 37% of German cryptocurrency investors “have been trading cryptocurrencies for over a year.”

Furthermore, the statistics also showed that there is a high number of German women that are interested in cryptocurrency, as “women account for 53% of the crypto-curious.” This could be indicative of females in Germany being more interested in the future of finance than the current leg ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.