Binance Surpasses 275 Million Users, and 74% of Spaniards Trust Cryptocurrencies for the Long Term

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Binance, the leading cryptocurrency exchange platform globally, has released a study that gathers the opinions of over 16,000 users from five European countries, including Spain, France, Italy, Lithuania, and Poland. The report reveals that the crypto community is evolving, distancing itself from the stereotype of speculators, and transforming into a more conscious and strategic group in their investment decisions.

In Spain, 74% of respondents trust in the long-term potential of cryptocurrencies, while only 4% express skepticism. This optimism is further heightened by the increasing inclusion of women in the ecosystem, as 18% of Binance users in the country are women, exceeding the average of 13% among the other European respondents.

The report also highlights that 44% of participants in Spain are freelancers or entrepreneurs, a figure significantly higher than the 30% recorded at the European level. Regarding the reasons for investing in cryptocurrencies, 55% of Spaniards claim that the main appeal of these assets is their ability as a store of value or protection against inflation, while only 13% focus on the potential for high returns.

The demographic diversity of Spanish users is another notable characteristic, as 58% of them fall between the ages of 26 and 45, indicating interest from those over 45 in the crypto world. In terms of market experience, 52% have entered the realm of cryptocurrencies in the past year, which indicates a steady flow of new interested parties.

In terms of expectations for Bitcoin’s price, the study notes that around 31% of respondents believe its value will be between $100,001 and $125,000 by 2025. By 2030, 44% of Spaniards anticipate that Bitcoin will reach a value between $200,001 and $400,000, while the figure drops to 33% in Europe.

Binance has highlighted its position as a leader in the sector, surpassing 275 million users worldwide, with significant growth in Spain, where crypto adoption rates have increased considerably. Data from the European Central Bank indicates that Spain is the second country with the highest crypto adoption rate in the European Union, rising from 4% in 2022 to 9% in 2024.

Javier García de la Torre, CEO of Binance Spain, stated that the crypto community in Europe is not only growing but maturing. García de la Torre emphasizes that cryptocurrencies are consolidating as a long-term movement within a committed user base, in a context of regulatory and infrastructure development.

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Referrer: MiMub in Spanish

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