76% Crypto Traders Prefer Spot Trading: CryptoQuant Survey

The latest reports highlight crypto traders’ major shift toward spot trading. As per CryptoQuant’s exclusive survey, 76% of the total responding crypto traders prioritize spot trading, marking a massive swing in the overall crypto activity. The on-chain analytics firm shared the results of its extensive survey on social media.

CryptoQuant Survey Reveals Spot Trading as Preferred Crypto Activity for 76% Respondents

CryptoQuant pointed out that a staggering seventy-six percent of the survey respondents revealed their preference for spot trading. In this respect, the survey results present spot trading as the top among the popular crypto activities. On the other hand, staking, derivatives trading, and other activities show a relatively less trader engagement. However, irrespective of the spot trading’s increasing popularity, just twenty-eight percent of the participants leverage earn products that exchanges provide. This signifies a likely growth opportunity that companies can leverage to grasp the attention of more consumers seeking passive income.

62% of Crypto Users Possess 3-Year Market Experience

The survey categorizes the crypto community among young, educated, as well as experienced individuals. In line with this categorization, sixty percent of the crypto consumers stand within the age range of 25-44. Nonetheless, sixty-two percent of the users possess an experience of above 3 years. This reflects a growing maturity level among the well-informed and tech-savvy crypto users.

Majority of Investors Prefer Binance as Primary Choice

Retail investors are reportedly dominating the market, with majority of participants reporting a yearly crypto investment of below $10,000. This indicates the digital assets’ rising accessibility among the participants who are steadily building their crypto portfolios instead of making big institutional investments. In addition to this, the survey also brings to the front the exchange-related preferences of the crypto consumers. Binance leads the rest with 53% of respondents labeling it as their primary choice. Simultaneously, 51% have reported peak profits through Binance while 48% claim to have held most of their crypto assets on it.

Bitcoin and Ethereum Lead Others in Maintaining Investor Interest

According to the CryptoQuant survey, Bitcoin ($BTC) and Ethereum ($ETH) are still dominating in terms of investor interest. Moreover, the integration between AI and blockchain sectors is also getting remarkable traction, increasing investment and innovation. Keeping this in view, the survey stressed the important role of due diligence before making investment decisions. Most of the survey participants depend on their exclusive analysis as well as data-led insights. This underscores the significance of reliable tools such as CryptoQuant for adequate guidance in the evolving crypto market.