Survey: More than 88% of Binance customers will continue investing in cryptocurrencies in 2023

The Bitcoin exchange Binance reported sustained high user interest in cryptocurrency investments. The results of a survey of 11,150 respondents from CIS countries, conducted in autumn last year, show this.

More than 88% of Binance customers plan to continue investing in digital assets. 3.3% do not consider doing so. Meanwhile, 79.7% are convinced that cryptocurrencies are essential for the development of the global economy.

Over 40% of respondents bought digital assets last year for investment purposes. Other motives included the decline in Bitcoin’s price and the overall bear market. Almost 8% cited geopolitical tensions in the world as a reason for purchasing, and 11.5% expressed distrust of the traditional financial system.

59.4% of respondents believe that over time deposits in cryptocurrencies could replace bank deposits.

40.8% do not use traditional investment opportunities (purchasing stocks, real estate investments, mutual funds), while 32.4% do.

Bitcoin remains the dominant crypto asset owned by 21.7% of the surveyed Binance users. The top three also include Tether (17.8%) and BUSD (10.3%).

45% learned about cryptocurrencies online, 23% from friends and family, 20.2% through social media. Among the latter, Telegram, YouTube and Tik-Tok lead.

When choosing a platform for crypto investments, respondents cited security and reliability as the most important criterion (49%), a user-friendly interface (15.2%), and low fees (12.8%).

Earlier, ForkLog conducted a survey among its readers about investment portfolios, attitudes toward mining, staking and other segments of the industry.