Sat, December 03, 2022

Digital currencies and U.S. market

The importance of crypto debit cards

Digital currencies such as Bitcoin, Ethereum, and others are becoming more popular around the world. In this situation, it is interesting to have a look at the number of cryptocurrency owners in the U.S. Even though it is practically impossible to find every owner due to various reasons. However, one firm decided to give it a try and to create at least a general idea about this emerging market in the U.S.

Finder is a financial services firm from Australia. This firm conducted a survey to gather information about the crypto owners and their preferences. The number of participants reached 2,068.

This survey helped to answer several important questions regarding digital currencies.  According to the survey, out of 2,000 participants who said that they own cryptocurrency, 19% are men. The number of owners among women was significantly lower. Only 10% of women are crypto owners.

Thanks to the survey we found out that some of the participants own more than cryptocurrencies.  Let’s have a look at the number “crypto polygamists.” However, before moving to crypto polygamist let’s explain the meaning of this term. Crypto polygamist is a person owns two or more different cryptocurrencies. It is an interesting fact that 55.4% of Bitcoin owners said that they are crypto polygamists.

Cryptocurrencies are becoming more popular, and based on the survey the number of owners nearly doubled in 2019. Right now, 14.4% of U.S. citizens own digital currencies. It will take multiple studies to confirm this fact. However, it is hard not to agree that the number of owners increased during the last several years.

More than half of owners more precisely 61% of respondents bought the digital currencies for investment purposes.

Digital currencies in Japan

Huobi Japan

Huobi Japan raised 5 million yen or $.6 million. This cryptocurrency exchange is a subsidiary of Singapore-based crypto exchange Huobi received this money from Financial Products Group.

It is important to mention that Huobi Japan is a licensed crypto exchange in Japan. It is one of only 16 licensed crypto exchanges in the country.

The digital currency market is evolving, and it is important to continually analyze the latest tendencies to make it more attractive to potential owners.

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