07.12.2024 13:10
In 2023, Turkey ranks third in the world with 19.3% of its population being cryptocurrency investors. The number of individuals investing in the global cryptocurrency ecosystem is expected to rise from 420 million to 562 million.
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As the number of investors in the cryptocurrency market continues to rise, Turkey ranks as the 3rd country in the world with 19.3% of its population holding this asset class.
According to the report by financial institution Triple-A, there were approximately 420 million people worldwide investing in this ecosystem in 2023, and this figure is expected to reach 562 million in 2024, marking a 33% increase. Asia leads the way with 326.8 million investors, followed by North America with 72.2 million.
TURKEY RANKS 3RD IN THE WORLD
When considering the population, the United Arab Emirates has the highest percentage of cryptocurrency investors at 25.3%. This is followed by Singapore at 24.4% and Turkey at 19.3%. Argentina stands out with 18.9%, and Thailand with 17.6%, while Brazil, Vietnam, the USA, Saudi Arabia, and Malaysia also made the list.
MALE INVESTOR RATIO INCREASES WITH AGE GROUPS
The report also provided information about the profiles of cryptocurrency investors worldwide. According to this, 61% of those investing in this asset class are men, while 39% are women.
When examining the age groups of cryptocurrency investors, it was found that the 25-34 age group constitutes the largest investor community at 34%. This age group is followed by the 35-44 age group at 31%. It was observed that men make up the majority in these groups.
The 18-24 age group constitutes another significant investor group at 14%, where the ratio of male to female investors is closest. Additionally, it was determined that as age groups progress, the investor ratio increases in favor of men.
BITCOIN IS THE FIRST PREFERENCE IN TURKEY
According to Paribu's "Cryptocurrency Awareness and Perception Research," based in Turkey, 1 in 4 people who trade cryptocurrencies in Turkey started their transactions within the last 6 months. Furthermore, it was stated that one-third of those trading cryptocurrencies check their accounts at least once a day. The report noted that 3 out of 4 people in Turkey use cryptocurrencies for short-term trading, while 7 out of 10 people trading in this asset class are trading in bitcoin.
SECOND PLACE GOES TO ETHEREUM
Following bitcoin, the most preferred cryptocurrency in Turkey is ethereum at 29%. Among those trading bitcoin, 53% use it for investment purposes, while 92% of those trading ethereum use ETH for short-term trading.
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