News

Spain has the highest rate of knowledge of cryptocurrencies in Europe, according to a study

According to a report from the Coinbase platform, Spaniards have the highest level of knowledge about cryptocurrencies among knowledgeable consumers in Europe. In Spain, more than two thirds of adults (80%) are familiar with this asset class; followed by the United Kingdom, where this percentage reaches 66%.

After Spain in the rest of Europe the percentages are uneven: United Kingdom (66%), the Netherlands (64%), Germany (60%), Italy (58%) and France (56%).

Beyond the simple knowledge about cryptoeconomics, the results of the study highlight that cryptocurrencies have become part of the usual conversation. In fact, in the main European economies, an average of almost half (47%) of the consumers surveyed have at some point talked to friends and / or family about cryptocurrencies.

If we look at how this translates into the possession of cryptocurrencies, currently almost half (46%) of Spanish consumers who claim to be familiar with cryptocurrencies, own or have owned, cryptocurrencies in the past. A much higher percentage than in other European countries such as the Netherlands and the United Kingdom, with 38% and 29% respectively.

Warning, scroll to continue reading

What’s more, Coinbase research points to a clear correlation between knowledge of cryptocurrencies and investing in this asset class– As consumers gain a better understanding of digital currency, they are more inclined to acquire it. In fact, of the Spanish consumers who have invested in crypto assets, the majority (55%) plan to increase their shares in the next year.

It is important to keep in mind for the context that Spanish investors are reasonably newbies to this asset class, as more than half (64%) of those who bought cryptocurrencies did so in 2019 or later. In addition, 45% of Spanish consumers believe they have a good knowledge of cryptocurrencies beyond Bitcoin, despite 51% knowing the more traditional assets.

Regarding the study, 00 has commented: «The results of our study reveal widespread awareness of cryptocurrency across Europe, which is beginning to materialize in everyday conversations and in plans to increase investment in this asset class. This familiarity and interest in these assets demonstrate the potential of the sector to revolutionize the financial system, with its growing range of new services, such as payment and money transfer options for consumers.

«However, it is undeniable that there is still a long way to go in terms of education around digital currency for this to become a reality. Coinbase has been engaged for a long time to promote this; It will remain our priority to continue helping consumers learn more about the industry to ensure that they can benefit from the markets effectively and meet their future financial needs, all safely and responsibly. “

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *