Cointime

Cointime

Download App
iOS & Android
Home / Point

KuCoin's Cryptoverse Report Reveals Increasing Adoption of Cryptocurrencies in Germany

June 29 (Cointime) - KuCoin, a prominent cryptocurrency exchange, has published its Cryptoverse report on Germany, which highlights the rising acceptance of cryptocurrencies in the country. The report is based on a survey of adult crypto investors aged 18 to 60 and shows that 26% of German crypto users joined the market in the past quarter, with millennials leading the way.

The report also indicates that 49% of German crypto users are primarily interested in long-term wealth accumulation, demonstrating the recognition of cryptocurrencies as a viable asset class for investors. Bitcoin is still the most popular choice among German crypto users, followed by Ethereum, NFTs, and Metaverse projects.

The German government is implementing a framework to support blockchain-based businesses and encourage research and development in the field. With the right investment and support, Germany has the potential to become a major player in the emerging blockchain and cryptocurrency industry. According to KuCoin's report, Germany has overtaken Singapore as the world's most crypto-friendly country.

KuCoin, a global cryptocurrency exchange, has raised over $150 million in investments through a pre-Series B round and is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes named KuCoin one of the Best Crypto Exchanges in 2023, and The Ascent named it the Best Crypto App for enthusiasts. For media inquiries or to request a copy of the report, please contact [email protected].

Bitcoin Bitcoin $98,185.08
-0.38%
Germany Bitcoin
Comments

All Comments

Recommended for you

  • Elon Musk confirms X is preparing to launch a remittance feature in its X Payments service

    On November 24th, Elon Musk confirmed that X is preparing to launch a remittance function in its X Payments service in response to a social media post by podcast giant Joe Rogan showing a dollar sign icon in his personal profile. The feature is part of Musk's strategy to transform X into a "super app" similar to WeChat. X Payments LLC has obtained remittance licenses in most US states (excluding New York), laying the foundation for integrating payment services on the platform. The planned peer-to-peer transaction feature aims to increase user engagement by enabling direct remittances within the platform. Although details about potential integration of crypto assets have not been confirmed, given Musk's longstanding support for Dogecoin, the community speculates that the cryptocurrency may be included.

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.

  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.

  • Family Offices Evolve into Powerful Investment Entities with Innovative Strategies and Advanced Technologies

    Family offices, which traditionally focused on conservative investment strategies, have transformed into powerful investment entities with a focus on alternative investments, private equity, co-investments, venture capital, and impact investing. This shift has been driven by innovative financial solutions and modern investment strategies, responding to technological advancements and an evolving global financial landscape. Family offices are taking a more active role in direct investments and co-investments, particularly in high-growth companies and startups, enhancing their control and flexibility. They are also diversifying further into private markets and real assets due to geopolitical and macroeconomic uncertainties, while embracing innovative financing solutions and cutting-edge risk management techniques. Additionally, family offices are implementing AI technologies to improve their decision-making processes, particularly in investment analysis, reflecting their commitment to innovation and strategic planning.

  • The Evolution of Family Offices: Embracing Innovative Investment Strategies and Technology

    Family offices have shifted from conservative investment strategies to more active roles in direct investments and co-investments, thanks to innovative financial solutions and modern investment strategies. They are now leaders in alternative investments, private equity, co-investments, venture capital, and impact investing, leveraging their capital through non-recourse and limited-recourse financing to expand their investments across sectors and regions. Family offices are also adopting sophisticated risk management strategies, diversifying further into private markets and real assets, and integrating advanced technologies such as AI-driven platforms to enhance decision-making processes. A family office in the UAE, International Venture Investments Holding, takes an active investment approach, emphasizing operational autonomy and forming dedicated management teams for specific projects. The UBS Global Family Office Report 2024 shows that 78% of family offices plan to invest in generative artificial intelligence in the next two to three years.

  • Source: a16z expected to get a seat on Trump’s cryptocurrency advisory board

    On November 22nd, according to multiple executives in the digital asset industry, many cryptocurrency companies such as Ripple, Kraken, and Circle are vying for seats on the cryptocurrency advisory committee promised by President Trump, seeking to have a say in their plans for US policy reform. One source said that the cryptocurrency department of venture capital giant Andreessen Horowitz, a16z, is expected to receive a seat, but currently an a16z spokesperson declined to comment on the matter.

  • UK to Draft Regulatory Framework for Crypto Industry by Early Next Year

    The U.K. intends to create regulations for the cryptocurrency industry by early 2022, with a focus on stablecoins and staking services. This announcement by Economic Secretary Tulip Siddiq at a conference in London will provide clarity for the industry after months of uncertainty. The new framework will be eagerly awaited by those in the industry, as Bitcoin continues to break records and gain mainstream acceptance.

  • Matrixport: It is recommended that institutional investors allocate both Bitcoin and gold

    On November 22, Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market coincides with its prediction for July 2023. The report predicts that Bitcoin will reach $125,000 in December 2024, and with Bitcoin approaching the $100,000 mark, this prediction becomes more credible.

  • How Crypto Could Help Open-Source AI Reach Its Potential

    The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential.
  • Cointime精选 ·

    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

    Title: Electronic Cash Without a Trusted Third Party
    The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company