KuCoin Survey Says Young Investors Are Facing Hurdles

KuCoin survey says young investors are facing hurdles. Earlier this week we reported on the same research from KuCoin that stated that a third of India’s 115 million crypto users are concerned with regulations.

Early this week, KuCoin launched a study on recent developments in India’s blockchain and crypto field titled Into The Cryptoverse Report India, which found that the country’s crypto investors number in the 115 million range as of June 2022.

According to the report, these folks had either traded or held crypto assets in the last six months.

Crypto Investors Are Young

According to the KuCoin India report, the country’s crypto investment environment is upbeat. According to the report, 115 million crypto investors constitute 15% of India’s 18-60-year-old population, with another 10% of the same age group interested in investing in the asset in the next six months.

The demographic profile of crypto investors is changing, with 39% of all in the first quarter of 2022 being between the ages of 18 and 30, a 7% increase from the previous quarter. 39% of young investors under 30 are first-time cryptocurrency purchases. They have only been in business for three months.

Crypto Investments Hurdles

KuCoin survey says young investors are facing hurdles. According to the survey,

“The ambiguity in government regulations has been a key factor deterring potential investors. 33% report that government regulation is a concern when considering investing in crypto. The safety of investing in crypto is also a concern for many, as 26% worry about hackers being a threat, and 23% fear that they may not get their money back in case of security incidents,”

According to the survey, the most important barrier to the expansion of crypto investments in India is a lack of appropriate awareness about crypto investing. According to the report, 41% of respondents are unsure about which form of crypto items to invest in. Twenty-one percent of respondents stated they don’t understand how digital assets function and 27% said forecasting market directions is challenging.

Investors’ Sentiment Subdued

The recent market collapse has dampened investor confidence. It demonstrates investors’ willingness to keep rather than expand their crypto investments. The Indian government has announced the establishment of CBDC, which has further sparked the interest of residents in the digital economy, according to the KuCoin PR.

Last month, KuCoin’s CEO predicted that India will become an important market in the long term, owing to local “expertise” and a “welcoming market.” “India accounted for a massive amount of 5.6 million new clients gained by KuCoin in the first half of 2022,” he noted.

KuCoin announced intentions in May to build an NFT exchange through its liquidity trading platform Pool-X, with operations set to commence in November.

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