Recently released KuCoin reports found a surge in interest and adoption for cryptocurrency within Saudi Arabia. The report found that 76% had less than a year of trading crypto and 49% had less 6 months.
KuCoin’s May results showed that there were approximately 3 million Saudi Arabians with crypto, or who had traded it in the past 6 months. According to KuCoin’s May results, approximately 3 million Saudi Arabians own crypto or have traded it within the past 6 months. Investors viewed crypto as the future and 51% of them said they would sell their holdings. According to BlockFi, 44% of crypto investors in the region believed that the asset class would yield higher long-term returns than other types. According to a BlockFi survey, 33% of American women plan to purchase crypto by 2022. While men are more likely to invest in crypto to keep up with the trends, women are more likely to do so in order to make a profit.
Marla Brooks – Financial Analysis
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