Why do young people trust crypto exchanges more than traditional banking? – DiarioBitcoin

According to data from CryptoMKT’s analysis and statistics unit, the advancement of technology such as blockchain has made it possible to invest in digital assets quickly and at a low cost.

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2023 was a year full of challenges and advances for the cryptocurrency market. And 2024 will not be the exception for the industry, especially ahead of the Bitcoin halving scheduled for April 2024. In this sense, expectations are high and interest, especially from generations Z and millennials who welcome investing and diversifying their income in Fintech.

María Fernanda Juppet, CEO of CryptoMKT, cryptocurrency exchange present in Chile, Argentina, Brazil, Colombia and Peru, details that about 55% of its clients correspond to these age groups.

“This tells us that it is the new generations who are coming to change the economy, how they relate to it and what types of assets they are using to invest. Another important fact is that 45% of our clients are women. The number of women who are investing in cryptocurrencies is increasing, which debunks myths about the relationship they have with the world of finance.” explains Juppet.

The executive also comments that, according to data from the analysis and statistics unit of CryptoMKTcryptocurrencies should have great activity in 2024.

“It is always said that cryptocurrencies are speculative. We see that this trend is little by little being displaced by greater uses in the real economy, mainly in the remittance industry, transfers between companies and people and payments in retail and electronic commerce.“says the CEO of CryptoMKT.

What motivates you and why do you prefer cryptocurrencies?

From CryptoMKT They explain that the interest of these generations in cryptocurrencies would be due to various factors, highlighting that these groups have grown up in a digital environment and are more familiar with technology than previous generations. The decentralized and digital nature of cryptocurrencies aligns with its preference for digital financial and technological solutions. On the other hand, the volatility of cryptocurrencies can be attractive to those looking for investment opportunities with high profit potential in a short period of time. Many young investors see cryptocurrencies as a form of financial speculation and take advantage of the volatility to make profits. Cryptocurrencies allow people to invest with relatively small amounts of money, making investing more accessible to those who do not have large sums of capital.

In turn, these generations have grown up with an Internet culture that values ​​decentralization, autonomy, and active participation in online communities. Cryptocurrencies, with their foundation in decentralized technologies and online communities, align with these values.

Finally, information about cryptocurrencies is more accessible than ever, and younger generations are better informed about these types of investments. Online educational platforms, social networks and online communities play a crucial role in spreading knowledge about cryptocurrencies.

Disclaimer: The content of this note was produced by a member of the CryptoMKT team, hence DailyBitcoin No endorses or promotes the commercial offers, products or services mentioned throughout the text.

Article by Rodrigo Durán Guzmán, CryptoMKT Communications Director

Image by CryptoMKT

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.