Survey Reveals a Quarter of Ukrainians Own Cryptocurrencies

According to a survey by Gradus Research conducted in April for the bitcoin exchange WhiteBIT, 26% of Ukrainians own cryptocurrencies, preferring digital assets over precious metals and bonds.

The study involved 883 participants aged 18 to 60 residing in Ukraine.

47% of respondents use cryptocurrency due to its popularity and relevance. 40% are attracted by investment opportunities, and 38% by the potential for high returns. Other frequently mentioned factors include protection against inflation, openness, accessibility, and anonymity.

Half of those who do not yet own digital assets are interested in acquiring them in the future.

37% remain indifferent to cryptocurrencies. 64% of those surveyed are not ready to engage with them due to a lack of knowledge and understanding.

A significant portion of the study’s participants—74%—believe that money can be made from cryptocurrencies. 53% agree with the statement that it is a new form of money and a new financial system.

“A significant number of people believe in cryptocurrencies and actively use them, seeing opportunities for profit in digital investments, which indicates the potential for market development in Ukraine,” commented WhiteBIT on the survey results.

According to analytics firm Chainalysis, Ukraine ranked among the top five countries for cryptocurrency adoption in 2023.

In February 2024, the service Opendatabot identified the largest holders of digital assets among Ukrainian officials.