KuCoin: Cryptocurrencies Are Very Popular in Saudi Arabia
Main page News, Cryptocurrency
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14 July

According to a study conducted by researchers of crypto exchange KuCoin, nearly one in seven adults in Saudi Arabia owns or has exchanged cryptocurrencies in the last six months.

In absolute terms, we are talking about around 3 million inhabitants of the Middle Eastern country.

76% of cryptocurrency investors have less than a year of experience in the sector, including 49% who took their first practical steps no earlier than six months.

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In terms of age, 37% are people under 30 years old, in terms of gender, the ratio of men and women is 63% to 37%.

17% of respondents expressed a desire to invest in digital assets in the next six months.

During the first quarter, 49% of cryptocurrency investors reported they were willing to increase their investments in the next six months. In the second quarter, nearly one in three said they would take a break on this topic.

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