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About 14% of Saudi residents are either current crypto investors or have traded crypto in the past six months, the latest Kucoin study has found. The study has also found that 76% of investors have less than one year of experience and thus may be in need of relevant crypto education.<\/strong><\/p>\n Around three million Saudi Arabians, or about 14% of the adult population aged 18 to 60, are either crypto investors or have traded crypto over the last six months, the latest study conducted by the cryptocurrency exchange<\/a> Kucoin has shown. The study findings also suggested that a further 17% of the country\u2019s adults are said to be \u201ccrypto-curious and are likely to invest in cryptocurrencies over the coming six months.\u201d<\/span><\/p>\n According to the crypto exchange\u2019s Into The Cryptoverse report<\/a>, the study also looked at how Saudi residents\u2019 sentiment toward crypto trading has shifted since the onset of the ongoing crypto winter. <\/span><\/p>\n \u201cIn the first quarter of 2022, 49% of crypto investors intended to increase investment in cryptocurrencies over the coming six months. The onset of the bearish market in the second quarter of 2022 saw a reversal of investor sentiment toward more conservative strategies related to the holding of cryptocurrencies,\u201d the report noted.<\/span><\/p>\n The report added that since the start of Q2, some 31% of crypto owners in the country have signaled a desire to \u201ckeep their crypto balance as is rather than increase their investment.\u201d In contrast, investors with lower incomes have tended to liquidate part of their portfolios during the same period.<\/span><\/p>\n<\/p>\nCrypto Winter Effect<\/h2>\n
Crypto the Future of Finance<\/h2>\n