Europe’s Cryptocurrency Market Expansion Is Undeniable As More Users Show Digital Asset Payment Support

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The Cryptocurrency Market Is Expanding In Europe And Users Show Support For Payments In Digital Assets

  • BitBay conducted a survey among its users about how they use digital currencies
  • 90 percent of the respondents claimed to be male

BitBay, a Polish cryptocurrency exchange decided to conduct a poll among its Polish cryptocurrency users to have a better idea of the community that is currently using the exchange. The main goal was also to understand how customers use their digital assets.

BitBay Releases New Crypto Survey

The cryptocurrency exchange BitBay was founded back in 2014 and it is the largest in Poland. The firm has now over 800,000 clients and it hired more than 200 individuals. The survey that the exchange conducted shows some interesting things. 90 percent of the users were male with the largest user base aged between 31 and 35. More than 50 percent of the individuals were below the age of 40.

It is worth mentioning that 70 percent of the surveyed individuals hold Bitcoin (BTC) while 50% owned more than four different digital currencies. Some of the digital assets include Ethereum (ETH), Lisk (LSK) and XRP, among others.

Although 90 percent of the respondents consider virtual currencies as a secure and safe means of performing transactions, most of them did not perform a single purchase using the digital asset. Just 25 percent of them has performed at least a transaction in digital currencies

At the moment, there is no clear regulatory framework in Poland and authorities have been campaigning against digital assets, claiming that the only currency that individuals should use is the Polish Zloty.

90 percent of the respondents mentioned that they believe that virtual currencies will become very popular in the future as a means of payment and to sue. Although this does not provide enough information about the crypto market as a whole, BitBay is able to understand how its customers think and what they want.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

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