Coinbase Crypto Report Europe: Establishment of crypto assets progresses

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Coin basethe global crypto platform, releases Coinbase Crypto Report Europe 2022 H1 (CCRE). CCRE 2022 H1 shows a rather positive mood among private crypto investors in Europe and also illustrates the increasing establishment of the crypto asset market. This increasingly rapid development can be seen in many areas, but especially through the continuous increase in investors who are new to the cryptocurrency market.

The European atmosphere among private individuals crypto-Investors will be introduced in CCRE 2022 H1 for the first time by new Coinbase Crypto Sentiment Index (CCSI) shown separately. The purpose of CCSI is to show the crypto mood of the population and to identify changes in the investment climate among crypto investors at an early stage. For this they become participants in the crypto market to their plans asked about their crypto inventory (buy, hold, sell) over the next 12 months.

“Measuring the crypto mood of the population is a very exciting approach,” he says Prof. Dr. Philip Sandner, Manager of Frankfurt School Blockchain Center. “How the investment climate in the nascent cryptocurrency industry changes over time – and for what reasons – is absolutely relevant to the entire industry. This is where CCSI can make a valuable contribution by identifying trends at an early stage.”

CCSI shows positive sentiment among market participants in Europe
CCSI has so far been measured in the last quarter of 2021 and the first quarter of 2022. The measurement of 2022 shows that general mood in the market optimistic remains, although market participants had to contend with significant price declines and relatively pronounced volatility in the first quarter of 2022: 56% of the owners of cryptocurrencies surveyed said they plan to increase their crypto inventory in the next 12 months. Furthermore, 33% said they plan to hold their stocks, while only 11% said they plan to reduce their stocks.

Coinbase Crypto Report Europe: Establishment of crypto assets progressesOf CCSI reflects this positive investment climate among market participants in Europe and has a value of 123 points significantly above the base value of 100 points (neutral market sentiment). Compared to the first measurement in the third quarter of 2021, the index has risen by four basis points. However, for a reliable statement, the Coinbase Crypto Sentiment Index needs to be measured repeatedly in order to develop a trend.

More and more European investors are turning to cryptocurrencies
The positive investment climate probably also contributes to the fact that in recent times there has been a wider acceptance of cryptocurrencies among the population. Crypto-assets thus establish themselves more and more clearly as a new asset class. The distribution of first-time purchases of cryptocurrencies per year shows an increasing annual number of new participants in Europe: 60% of all new participants in cryptocurrencies active for the first time in 2019-2021, which confirms the forecast made in CCRE 2021. The compound annual growth rate for new entrants has increased from 29% to 32% compared to 2021 CCRE. So the adoption of cryptocurrencies is gaining momentum and it shows that the new asset class is here to stay.

“While crypto-adoption in Europe is still in its infancy, the rising annual growth rate shows that interest in cryptocurrencies is steadily rising,” he said. Timo Emden, founder from Emden Research and Market analyst. “It is exciting to see how this development will continue in 2022 and beyond.”

Barriers to investing in cryptocurrencies
The CCRE 2022 H1 addresses for the first time why some citizens in the six largest economies in Europe do not currently have cryptocurrencies. given as a reason 25% of the respondents that Lack of investment-related information on. safety concerns concerning cryptocurrencies 23% of respondents from an investment. 21% of the respondents could do not invest in cryptocurrencies due to lack of liquidity. And the lack of know-how on how to invest in cryptocurrencies was a barrier to investment for 8% of respondents.

“The crypto industry still has a responsibility to better explain cryptocurrencies and minimize barriers for investors in different areas,” says Sascha Rangoonwala, Country Manager Germany on Coin base. “To further drive the adoption of cryptocurrencies, it is important that the industry provides understandable information, learning opportunities and low-threshold access.”

View of Germany
In Germany, 47% of investors plan to increase their holdings, while 43% want to keep their holdings. In general, the adoption of cryptocurrencies in Germany is somewhat slower. But in the years from 2019 to 2021, a remarkable 68% of investors have intervened for the first time. that most popular two cryptocurrencies in Germany is – as in the other five countries – Bitcoinfollowed by Ethereum. With 71%, Bitcoin is a figure above the average in investor portfolios, while Ethereum is slightly underrepresented by 42%.

About Coinbase Crypto Report Europe (CCRE) and Coinbase Crypto Sentiment Index (CCSI)
Coinbase Crypto Report Europe (CCRE) aims to regularly analyze the growing cryptocurrency sector in Germany and Europe. The recurring implementation serves to illuminate current developments, create transparency and identify trend reversals in the cryptoactive industry at an early stage.

CCRE is published by the Frankfurt School Blockchain Center on behalf of Coinbase. For this purpose, the Frankfurt School Blockchain Center collects data together regularly collects and evaluates data on the behavior, investment climate and demographics of owners of cryptocurrencies in Europe. The CCRE also provides an overview of topics such as crypto investors entering the crypto asset market for the first time and the use of crypto-specific investment opportunities such as staking and cryptocurrency investments. CCRE also captures investment barriers, ie reasons why respondents do not invest in cryptocurrencies.

The Coinbase Crypto Sentiment Index (CCSI) aims to show the cryptocurrency sentiment of the population and to identify changes in the investment climate among crypto investors at an early stage. For this purpose, participants in the crypto market are asked about their plans regarding their crypto inventory (buy, hold, sell) in the next 12 months. This cryptocurrency sentiment was measured for the first time in the third quarter of 2021.

Both CCRE and CCSI are based on surveys of the populations of the six largest economies in Europe. The first CCRE was published in February 2022.

Of complete Coinbase Crypto Report Europe 2022 H1 can be downloaded here:

Here is the full Coinbase Crypto Report Europe 2022 H1 English to download ready:

Photos @ Coinbase Crypto Report Europe 2022 H1

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