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].