88% of Binance customers will continue to invest in cryptocurrencies

The largest cryptocurrency exchange in the world, Binance, conducted a survey among its clients and asked about their future plans for 2023. 11,150 market participants from the CIS countries took part in the survey.

More than 88% of users who answered questions from representatives of the crypto exchange answered that they planned not only to keep their savings in digital assets, but also to continue investing in this area. Only 3.3% decided to abstain from such actions. The rest are not yet sure what they will do next. It is noteworthy that 79.7% of all respondents believe that the cryptocurrency industry will become an integral part of the financial economy in the future.

This suggests that in 2023, with a high probability, the crypto industry will be able to attract a lot of attention and, accordingly, financial resources, which will positively affect the value of the flagship cryptocurrency and other similar assets.

According to the data received, more than 40% of the residents of the exchange entered their positions last year. They are going to stick to the HODL strategy and will not sell their assets in the near future, but will wait for the moment when the flagship cryptocurrency makes a jump and rises to new heights.

According to statistics, 59.4% of investors surveyed believe that after some time, deposits in digital assets will be able to fully replace the traditional type of investment in the form of securities and bank deposits.

Some investors said that they only invest in cryptocurrencies, while others prefer to combine both digital assets and traditional types of investments in their portfolio. 40.8% of the respondents belong to the first type of investors, 32.4% - to the second.

Despite the fact that Bitcoin is now undoubtedly the most dominant asset in the market, with a capitalization of more than $420,000,000,000 out of $1,000,000,000,000+ circulating in the market, its percentage of holders on Binance is only 21.7%. For your information, the dominance of the flagship crypto asset in the digital currency market is 42.4%. This means that almost 80% of clients prefer to experiment and make transactions with riskier assets.

The top 3 cryptocurrency holders are the two main stablecoins on Binance: Testher and BUSD. USDT holders account for 17.8% of the Binance market, while BUSD holders account for 10.3%.

The largest cryptocurrency exchange asked investors about how they learned about the field of digital assets. It turned out that 45% of them learned about it from the Internet, 23% - from their friends in real life, and 20.2% - through social networks.

It can be assumed that the category “learned from the Internet” refers to people who discovered information about digital assets on websites or other media resources that go beyond social networks, since a separate category has been allocated for the latter. It is also worth noting that social networks such as Telegram, YouTube and Tik-Tok became the leaders among those 20.2% who learned about the world of cryptocurrencies in such portals.

When investors were asked for what reason they decided to make deposits in cryptocurrencies, 49% of them noted safety and reliability, while 15.2% considered it an advantage in the form of a convenient interface. Another 12.8% noted that they are attracted by low commissions. As a prime example of low fees on some blockchains, we’ll just recall that senders recently paid a $36.67 fee for a $260,827,576 transaction. You can read about it here .