Based on a study conducted by KPMG not long ago, it seems that investor feelings towards cryptocurrencies have improved following a rocky period for the market.
A research study conducted among around 2,400 private cryptocurrency investors in Germany, Austria, and Switzerland reveals shifting investment patterns and perspectives in the DACH area.
Renewed Optimism and Caution
The study results show a significant rise in cryptocurrency investments. Approximately two out of every three respondents (54%) have invested over 20% of their overall funds in digital assets. A considerable number of investors, especially those investing more than half of their assets in crypto, plan to stay committed to this industry for an extended period, usually between three and five years.
The research additionally reveals a change in investor attitude, marked by greater wariness and examination.
Newcomers to the market are carefully examining potential investment opportunities and are only signing up with providers if they are convinced. This results in a noticeable discrepancy between the number of people who register on cryptocurrency exchanges and those who regularly use them.
Investors prioritize security above all else when choosing a crypto exchange, with 82% placing great emphasis on it. Additionally, deposit and withdrawal methods (65%) and affordable transaction fees (62%) are key considerations for investors.
The research offers an insight into the risk perception among investors regarding digital assets. Approximately one-third (34%) of these investors view their investment as relatively secure, but many voice worries. Their concerns include potential market manipulation, regulatory issues, and financial crimes.
Asset Preferences and Regulation
In terms of preferred assets among investors, Bitcoin continues to lead the way, being held by 91% of the surveyed respondents. Ethereum comes in a strong second place, chosen by 78% of the investors.
It’s worth noting that Solana has experienced a notable surge in interest, with a 9% rise in usage over the past year. This growth has solidified Solana’s standing as a preferred digital asset amongst regional investors.
Since 2019, the German administration has been devising regulations for cryptocurrencies with a focus on safeguarding investors and maintaining financial security. Legislation was enacted permitting banks to manage digital currencies, while discussions continue regarding guidelines for crypto exchanges and Initial Coin Offerings (ICOs).
regulatory bodies such as BaFin and the Federal Ministry of Finance are responsible for ensuring adherence to regulations, with a particular emphasis on Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines, in order to minimize fraudulent activities on exchanges.
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2024-04-15 07:24