More bitcoin is bought in Cantabria than Madrid and Barcelona

The growth in cryptocurrency investment in Spain is not uniform, but reflects significant differences between its various autonomous communities. This has been highlighted in a recent report prepared by Cripten, a platform that offers the sale of these assets.

Study figures reflect that interest and capital invested in cryptoactive follow specific territorial patterns. One of the main surprises is the Cantabria region, which leads the ranking of Spanish communities where there is more investment in cryptocurrencies.

The average investment in Calabria aimed at cryptocurrencies is close to 6,000 euros per person, far exceeding jurisdictions with more powerful economies such as Madrid or Catalonia, where Barcelona is located, the second largest city in the country.

Extremadura and Navarra also record investment levels higher than Madrid and Cataloniawith figures that exceed 5,000 euros per person. Meanwhile, other communities such as La Rioja, Murcia and the Canary Islands are at the opposite end, with average investments below 3,000 euros.

However, according to the report, The investment volume does not always correspond to the level of adoption regarding the number of users. Madrid, for example, heads the list in terms of number of investors in cryptoactive, concentrating more than a fifth of the total at the national level, although the average investment per person is around 4,300 euros.

On the volume of money destined, they are followed by the Valencian Community, with an average of 4,330 euros, and Catalonia, with 4,000 euros. This occurs while the average cryptocurrency investment in Spain is close to 3,100 euros, according to the investigation.

With regard to investment preferences, Bitcoin (BTC) continues to be the dominant cryptoactive in most communitiesrepresenting approximately 60% of portfolios nationwide.

However, The main digital currency does not dominate most cryptocurrency portfolios in all communities in Spain. Bitcoin’s weight within investment portfolios varies strongly between regions.

While Aragon leads with 64.8%of the capital for this asset, other communities also show a strong inclination towards BTC, such as Asturias (60%), Castilla y León (59.3%), Andalusia (58.7%) and Galicia (57%). In contrast, in regions such as Cantabria (42.6%), Castilla-La Mancha (34.8%) and Navarra (30.4%), the presence of the asset is considerably lower.

At the same time, other cryptocurrencies are gaining ground. The USDC stable records an outstanding presence in Castilla-La Mancha (43.1%), the Canary Islands (29.6%) and Cantabria (29.1%), and reaches a national average of 25%in user portfolios.

The tokenization of the euro also gains prominence in regions such as Navarra and Extremadura, where it represents between 30% and 40% of the total invested. On the other hand, although Ether (ETH), the Ethereum cryptocurrency, maintains a minority presence nationwide, shows an outstanding interest in communities such as Navarra (15.8%), La Rioja (14.2%) and the Balearic Islands (13.7%).

The study also reveals a marked division in Spanish investors strategies. While most seek financial profitability through their cryptoactives, about 47% adopts a more conservative approach, mainly using Wallets to store and protect their funds, without immediate intention to obtain income.

In that sense, the Region of Murcia stands out as the community with the highest proportion of investors who choose to keep their cryptocurrencies passively, with more than 60% adopting this strategy. In contrast, Cantabria has a markedly oriented profile to profitability, with more than 80% of its users focused on generating passive income.

Beyond community differences, these data show a generalized interest in Spain for cryptoactive investment, something that also exhibits a recent research done by the market exchange with the highest global trade, Binance.

As Cryptonotics reported, a Binance survey published this month indicates that the Spaniards invest more money in this sector than the European average. 19% of respondents in Spain declared that more than half of their investments are in cryptoactive, a figure above 15% registered in the European average. In congruence, 22% of Spaniards say they invest between 25% and 50%, a percentage greater than 19% European.

Compared to the other countries, Spaniards tend to assume a greater exposure in cryptocurrencies, although with a balanced approach to diversification, ”says Binance in the report sent to cryptootics.