The number of investors in cryptocurrencies has doubled in two years

Number of users who created something transactions According to a study by Fintonic, during the first quarter of 2022 on the cryptocurrency trading platform it has increased by 11 times compared to the same period in 2020.

The amount invested in this period is also increasing: if during 2020 the average investor allocated 250 euros for the purchase of cryptocurrencyThis figure has already been reached in the first quarter of 2022. However, the average is 100 euros and has remained stable since the summer of 2021.

various platforms

79% of users only use one platform Of cryptocurrency trading, and just over 20% used at least two different platforms, nine percent more than in 2020. However, the number of users using more than two platforms is still less than 3%.

The average profile of an investor in cryptocurrencies in Spain is an individual (three out of four users), with an average age of about 34 years and an income of more than 2,000 Euro per month, Madrid and Barcelona are confirmed as the provinces with the most investors and bring together 21% and 18% of users respectively.

« The current situation in the cryptocurrency market shows that many people do not understand what is behind this type of asset and that it can be improved more and more financial education», pointed to Fintonic’s founder and CEO, lupina ituriga,

In this sense, he believes that “the population still does not have enough faith in crypto assets as a means of payment and this prevents them from becoming an alternative to traditional payment systems in the world. short term,

300 euro operation

By platform, Binance was positioned as the first company in the region in the first three months of the year, the first position it has held since the first half of last year, when it surpassed it. coinbase Number of active customers.

In 20% of investments made through Binance, the amount of operations is above 300 euros, compared to 200 euro platforms like coinbase hey bitpandafor example.

thus, Binance and Coinbase occupy the top two positions on the list and together represent a market share of about 84% in the first quarter of 2022. The six applications most used by Spaniards also include Kraken, Bitpanda, Kucoin and Crypto.com, highlighting the latter two for their growth from the end of 2021.