Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, today presents the results of a user survey in Ukraine. According to the survey, more than 83.8% of Binance users are convinced that cryptocurrencies are necessary for the development of the Ukrainian economy, and 42.9% believe that the regulation of cryptocurrencies will lead to positive changes.
The main goal of the survey was an independent and anonymous study of the main trends, forecasts and prospects of the cryptocurrency industry according to users of the cryptocurrency exchange. The survey was conducted in September 2023, 1,027 respondents from Ukraine took part in the survey.
āDespite the fact that 2022 was a testing year for the entire cryptocurrency industry, it is important to note that at the same time it gave many reasons for optimism. And this is confirmed by the results of the survey - more than 50% of the respondents purchased cryptocurrency, seeing it as a powerful investment prospect, and 83.8% of respondents are sure that cryptocurrency is needed for the development of the Ukrainian economy", commented the results of the general manager of Binance in Ukraine Kyrylo Khomyakov.
Highlights from the Binance User Survey:
The main core of the audience is men (86.08%) aged 18 to 45 - 75%. The largest audience of respondents is users aged 26 to 35 years - 35.93%;
11.2% of respondents are employed in small and medium-sized businesses, in second place (10.9%) of respondents work in the field of information technologies, 10.7% are workers from the trade sector;
Telegram became the leading source of information from which surveyed users get information about cryptocurrencies (61.4%). The second place is occupied by YouTube - 22.8%, the third place in Twitter - 5.9%;
Respondents noted security and reliability (53.3%), convenient interface (15.6%) and low commissions (11.4%) as the most important criteria for choosing a platform for crypto-investments;
More than 55.7% of the respondents see the investment perspective as one of the reasons for buying cryptocurrency. The war in the country (14.4%) and the instability of the national currency (9.5%) also gave impetus to the purchase. 9.2% of respondents cited a lack of trust in the traditional financial and economic system as the reason for the purchase;
Tether (USDT) is the dominant crypto-asset among surveyed Binance users in Ukraine. The ownership share is 22.91%. The top three also includes Bitcoin (19.41%) and BNB (18.24%), the fourth most popular is Ethereum (ETH) (10.91%);
42.94% of the surveyed respondents believe that regulation of cryptocurrencies will lead to positive changes in the country, 39.92% believe the opposite;
29.41% of surveyed Binance users predict the growth of the first cryptocurrency. They believe that Bitcoin will be worth 30-40 thousand dollars next year. 4.19% predict an increase in the value of bitcoin to more than $100 thousand;
Over 53.16% of respondents keep from 1% to 20% of their finances in cryptocurrencies. 11.39% of respondents invested from 21% to 40% of their savings in cryptocurrencies. Only 2.43% keep 100% of their funds in cryptocurrencies;
More than 43.04% of respondents keep their cryptocurrencies by choosing the HODL strategy. 22.6% of respondents use cryptocurrencies for trading, and almost 8.99% withdraw crypto-assets into fiat money. The remaining 22.52% use cryptocurrencies for passive income.
About Binance
Binance is a leading global provider of infrastructure solutions for the blockchain and cryptocurrency industries, providing users with a suite of financial products, including the largest digital asset exchange by volume. Binance provides users with a unique set of cryptocurrency products and offerings in the following industries: trading and finance, education, research, philanthropy, business incubation, decentralized and infrastructure solutions, and many others.
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