Europe Witnesses Gradual Adoption of Digital Assets Amidst the Fall of the Crypto Market

Dublin, Might 01, 2023 (GLOBE NEWSWIRE) — The “Europe Blockchain and Cryptocurrency Market 2023” report has been added to ResearchAndMarkets.com’s providing.

Digital asset use and adoption is step by step growing all through Europe

Within the UK a low share of surveyed respondents claimed to personal cryptocurrency as of March 2022, whereas additionally revealing a big gender hole by way of crypto possession. Amongst those that owned cryptocurrency, most of them most popular to personal Bitcoin, adopted by Bitcoin money. The share of crypto homeowners in Germany was just a few share factors greater in comparison with the share of crypto curious respondents who deliberate to spend money on crypto sooner or later as of 2021.

Furthermore, among the many share of respondents who had already invested or traded in crypto, near half meant to extend their investments within the subsequent 6 months. Germany witnessed a low gender hole when it got here to crypto curious respondents, with greater than half of ladies respondents being crypto curious in comparison with males.

Whereas a small share of respondents in France had already invested in NFTs or cryptocurrency, Bitcoin remained the favored foreign money amongst those that had already invested and those that meant to take a position sooner or later, as talked about within the new report.

Moreover, in comparison with 2021, the share of adults in France who turned conscious of cryptocurrency elevated tremendously in 2022. With Bitcoin being the popular cryptocurrency in Switzerland as of April 2022, greater than half of crypto buyers had been keen on shopping for and holding crypto.

Europe noticed an acceleration within the introduction of tighter laws referring to crypto

The adoption of cryptocurrency worldwide is growing step by step, and Europe isn’t any exception to this development. In H1 2022, greater than half of surveyed crypto homeowners indicated plans to extend their present crypto holdings over the subsequent 12 months, with the inhabitants inside the age vary 18-39 years estimated to be extra keen on doing in order in comparison with older generations. In H1 2022, Bitcoin and Ethereum had been among the many most favored cryptocurrencies, as spelled out within the new report.

Story continues

Nonetheless, the decline in worth of the cryptocurrency market worldwide starting within the spring of 2022 led to the lack of investor enthusiasm and destructive asset value motion throughout Europe as properly. With the autumn of FTX and the chapter of BlockFi, legislation makers in Europe got here to the consensus to ascertain licensing and supervision guidelines as of 2024, as talked about within the new report. Authorities within the EU had been of the view that the brand new crypto rule e book in Europe will allow shopper safety; preserve market integrity in addition to monetary stability.

Though, the crypto crash impacted cryptocurrency progress worldwide, Europe didn’t face extreme penalties within the aftermath of the autumn. In Europe, international locations corresponding to Cyprus had been most affected by the autumn of FTX, whereas international locations corresponding to Germany, Netherlands and France noticed restricted impression as a result of nationwide laws that saved them from experiencing a extreme loss.

Questions Coated:

1. Which had been essentially the most owned cryptocurrencies amongst crypto homeowners in Europe as of April 2022?
2. What had been the highest causes for folks in Europe to not spend money on cryptocurrency in H1 2022?
3. Which had been essentially the most most popular cryptocurrencies amongst crypto homeowners in Switzerland as of April 2022?
4. What had been the highest causes for investing in cryptocurrency amongst buyers in Turkey as of March 2022?

Nations Coated

• Austria

• France

• Germany

• Switzerland

• Turkey

• UK

Key Subjects Coated:

Europe:UK,Germany,France,Austria,Switzerland,Turkey

• Cryptocurrency Market Overview, incl. “Crypto Winter”, December 2022

• Share of Common Data About Cryptocurrency, by Nation, in % of Respondents, June 2022

• Share of Respondents Who Made a Crypto Funding, by Channels Used for Making an Funding, in %, June 2022

• Share of Households Who May Personal Cryptocurrency, in %, 2021

• Share of Customers Who Imagine Cryptocurrency is the Way forward for Cash, in %, February 2022

• Breakdown of Crypto Asset Homeowners Who Are Prone to Change Their Crypto Asset Portfolio Over the Subsequent 12 Months, in %, H1 2022

• Share of Crypto Asset Homeowners Who Are Prone to Change Their Crypto Asset Portfolio Over the Subsequent 12 Months, by Age, in %, H1 2022

• Breakdown of Deliberate Actions With Crypto Asset Holdings, in % of Crypto asset homeowners, H1 2022

• Share of Most Owned Cryptocurrencies, in % of Crypto-owners, April 2022

• Share of Respondents Who At present Do Not Maintain Cryptocurrency, in %, H1 2022

• High Causes for Not Proudly owning Cryptocurrency, in % of Respondents with out Crypto Holdings, H1 2022

World Traits

• Cryptocurrency Market Overview and Traits

• Share Of Institutional Buyers Who Invested in Digital Property, in %, June 2022

• Share of Institutional Buyers Having a Optimistic Notion of Digital Property, in %, 2021 vs June 2022

• Share of Institutional Buyers Who Discovered the Idea of Alternate-Traded Fund Bitcoin Interesting, by Areas, in %, June 2022

• Breakdown of Crypto-Homeowners Who Purchased Cryptocurrency for the First Time in 2021 vs Who Purchased it Earlier, in %, February 2022

• Breakdown of Respondents Who Are Crypto-Curious, by Gender, in %, February 2022

• Share of High Limitations That Hinder the Buy of Cryptocurrency, by Areas, in % of Respondents, February 2022

• Cryptocurrency Adoption and Possession, by Nation, in % of Crypto Homeowners, 2021

• Share Of Cryptocurrency Homeowners Who Purchase and Maintain Cryptocurrency for It is Lengthy-Time period Funding Potential, in %, February 2022

• Cryptocurrency Transaction Worth, in USD billion, 2018-2023f

• Complete Variety of Cryptocurrency Homeowners, in hundreds of thousands, January 2022 – December 2022

• Complete Variety of Ethereum Homeowners, in hundreds of thousands, January 2022 – December 2022

• Complete Variety of Bitcoin Homeowners, in hundreds of thousands, January 2022 – December 2022

• Complete Variety of Cryptocurrency Homeowners, by Areas, in hundreds of thousands, 2023e

• Share of Retailers Who At present Settle for Cryptocurrency As a Kind Of Fee, in %, March 2022

• Share of Retailers Who Plan To Undertake Extra Crypto Improvements within the Subsequent 12 Months, in %, March 2022

• Share of Retailers Who Plan To Make Improvements Associated To Accepting Cryptocurrency within the Subsequent 12 Months, in %, March 2022

• Breakdown of Companies With Plans for Making Improvements Associated to Accepting Cryptocurrency, by Present Acceptance Standing, in %, March 2022

• Share of Finance Executives Who Imagine Holding Bitcoin is a Monetary Threat As a result of Its Volatility, in %, 2021

• Fall within the Worth of Cryptocurrencies, by Kind, in %, October 2021

• Breakdown of Crypto ATMs That Supply Purchase Solely Companies vs That Supply Each Purchase and Promote Companies, in %, September 2022

• Complete Variety of ATMs Supporting Completely different Cryptocurrencies, September 2022

• Breakdown of Crypto ATM Producer Share, in %, September 2022

A collection of firms talked about on this report consists of

• Ally

• Amazon

• Apple

• Asian Financial institution

• Goldman Sachs

• HSBC

• JPMorgan Chase

• Mastercard

• Meta

• Morgan Stanley

• PayPal

• Royal Financial institution of Scotland

• Visa

• Wells Fargo

For extra details about this report go to https://www.researchandmarkets.com/r/uw24k

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