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Binance Global User Survey: 45% of Respondents to Enter Crypto by 2024

2024-12-27 10:15
Read this article in 8 Minutes
Among the most held cryptocurrencies by users, Memecoin ranks first with a holding rate of 16.1%.
Original Source: Binance
Original Translation: Deep Tide TechFlow


Key Points


· Binance recently conducted a global user survey, with 27,230 users sharing their views on the current cryptocurrency market and their outlook for 2025.


· 19.39% of respondents believe that cryptocurrency regulations will become stricter by 2025; 23.89% are optimistic about the development of AI Tokens, seeing it as a major driver of market growth. This shift in viewpoint may foreshadow wider mainstream adoption and technological innovation.


· Nearly 45% of respondents entered the crypto space in 2024, but user engagement in daily trading remains high, with 31.09% of users engaging in regular trading.


· Among Binance products, spot trading is the most popular, with 25.89% of users frequently using it; followed by Binance Earn and Binance Convert, with usage rates of 25.34% and 17.33%, respectively.



Article


As 2024 comes to a close, we conducted a survey of Binance users to understand the community's views and expectations for the future development of cryptocurrency. This survey attracted participation from over 27,000 users from six continents, including Asia, Australia, Europe, Africa, and Latin America, providing valuable insights into the adoption of cryptocurrency, regulatory changes, and user behavior trends. Here are some key trends revealed in the survey.


Expectations for the 2025 Cryptocurrency Market


Many users believe that the cryptocurrency industry will mature in the coming year and become more closely integrated with real life. 19.39% of respondents expect further strengthening of cryptocurrency regulation; 16.1% believe that traditional financial institutions and institutional investors will more actively participate in the crypto market; additionally, 16.51% of users see promising prospects for the real-world application of blockchain technology.


AI Token May Lead the Market in a New Trend


In the emerging field, AI Token is considered the most promising market driver in 2025. 23.89% of respondents stated that they believe AI Token will be the main force driving market growth, demonstrating users' high expectations for its future development. Memecoin follows with 19.09% support, followed by DeFi Token and Layer-1 Token at 12.37% and 12.28%, respectively. It is important to note that these data only reflect user opinions, do not represent Binance's official views, and do not constitute investment advice.


Most Popular Cryptocurrency Assets: Memecoin, Bitcoin, and BNB


Among the most commonly held cryptocurrency assets by users, Memecoin holds the top spot with a 16.1% ownership rate. Bitcoin closely follows at 14.44%, and Binance's native BNB ranks third at 14.23%. Interestingly, BNB's ownership percentage surpasses that of Ethereum (ETH), which stands at 10.95%. Other mainstream Layer-1 Tokens collectively account for 10.38%. This indicates that Memecoin is not only a current hot asset but also one of the most anticipated categories for users in the future.


New Users: Cautious Yet Active


The survey results reveal a significant influx of new users into the cryptocurrency market in 2024. Nearly half (45%) of the respondents entered the market in 2024, with 24.52% joining in the last six months and 20.60% joining in the past year. While many new users are still in the exploration stage, 41.86% of users have one to five years of trading experience, reflecting a balanced distribution of new and existing users within the Binance community.


Furthermore, 43.97% of users allocate less than 10% of their total assets to cryptocurrency, while 24.33% allocate 10% to 25% of their wealth to crypto assets. It is worth noting that 31.09% of users trade daily, and 22.91% trade once a week, indicating continued active trading activity.


Reasons for User Entry into the Cryptocurrency Market


The survey also revealed the main reasons for user entry into the cryptocurrency space. 22.4% of respondents stated that the rapid appreciation potential of digital assets was their primary motivation; 18.78% of users were attracted by decentralization and financial independence; additionally, 17.16% of users considered the speed and convenience of cryptocurrency transactions to be key factors that drew them in.


Preferential Use of Binance Products


The survey shows that Binance Spot Trading is the most popular product among users. Out of 27,000 respondents, 25.89% indicated that spot trading is their preferred choice; next is Binance Earn, with 25.34% of users utilizing its features to increase asset yields; Binance Convert ranks third with a usage rate of 17.33%. These data reflect how Binance users leverage the platform to meet their diverse financial needs.


Summary


This global survey has provided us with valuable insights into user preferences, expectations, and behaviors, offering a reference point for the journey towards 2025. The cautious yet active stance of new users, combined with the long-term confidence of seasoned users, demonstrates the increasing maturity and resilience of the crypto market.


As trends such as regulatory tightening, accelerated adoption, and innovative blockchain applications continue to evolve, Binance will continue to provide tools and resources to global users to help them succeed in this rapidly changing environment. We look forward to joining forces with the community to embrace a new year full of technological innovation and financial freedom!


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