With the introduction of MiCA regulations, numerous crypto companies are moving into the country, attracting the interest of numerous young investors. Among Internet users aged 18 to 60 in France, approximately 8% are involved in the crypto space, as indicated by a KuCoin survey conducted in May, involving 500 adults.
Out of these users, 31% have been in the crypto market for less than 6 months, while 23% have been investing in crypto for over 3 years. Notably, 40% of the Gen Z crypto investors in France have entered the space within the last 6 months. Surprisingly, a significant portion of these users, despite earning less than 35,000 Euros annually, have shown an avid interest in crypto investments.
This trend is not just limited to France, as Germany has also experienced a surge in Gen Z crypto investors, with 41% of them entering the digital asset market within the past year, according to a separate KuCoin survey in June. Additionally, 34% of German millennials have made their first crypto investments in the last 3 months.
The younger generation, particularly Gen Z, clearly demonstrates a fearlessness and a strong desire to participate in the crypto market, showcasing an unprecedented level of interest and adaptability. Compared to older investors, this generation shows a preference for quick returns from crypto investments and is more inclined to use digital assets for NFT purchases and payments.
The growing interest in crypto among young investors coincides with companies seeking regulatory approvals in France after the passage of the MiCA regulation in April. This regulation mandates crypto asset service providers to register with national authorities to offer services to EU clients.
Thus far, several crypto companies, such as OKX and CACEIS Bank, have applied for registration in France, with the country positioning itself as a European hub for crypto-related activities. Full MiCA implementation is expected by the end of 2024.
Crypto Could Be The Future Of France According To Recent Survey
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
December 04,2024
MicroStrategy Officially Holds More Than 400K BTC
December 04,2024
Donald Trump Finally Reveals His Pick For U.S. SEC Chairman
December 03,2024
Nike Will Officially Shut Down Its NFT Project By January 2025
December 03,2024
Brian Armstrong Claims Former SEC Officials Must Be Held Accountable
December 02,2024
Ripple Surpasses Solana And Tether To Become Third Largest Crypto Asset
December 02,2024
Shibarium Reaches New Milestone As Scheduled Hard Fork Approaches
December 02,2024
Web3 Fundraising Deals - 26th November To 2nd December 2024
December 01,2024
AI Agents Continues To Flourish As Numerous Tokens Soar
December 01,2024
Bitcoin Floats Around $97K As Trump Urges BRICS Nations To Use USD
November 30,2024
Elon Musk Will Utilize DOGE Department To Audit The IRS
November 29,2024
Andrew Tate Sponsors Bitboy In Epic WBC Backed Fight Against Ansem In Dubai
November 29,2024