- KuCoin sheds light on crypto usage between generations in France and Germany.
- Gen Z in both countries leads crypto trading, with 40% in Germany and 38% in France.
- The adoption of crypto credit cards is rising among all age groups in both nations.
In a recent tweet, renowned crypto exchange KuCoin unveiled insights into the diverse landscape of crypto usage between generations in France and Germany.
The accompanying image presented a comprehensive graph showcasing the diverse purposes for which cryptocurrency is utilized by Gen Z, Gen Y, and Gen X in both countries.
In France, 38% of the tech-savvy Gen Z engaged in crypto trading, while 36% were interested in NFTs. Additionally, 28% of French Gen Zers were found to use crypto for online shopping, demonstrating the growing acceptance of crypto in mainstream commerce.
Furthermore, 34% of Gen Zers embraced cryptocurrencies to pay their way through entertainment and travel expenses, with 20% opting for crypto credit cards.
For the more mature Gen Y in France, trading remained a popular activity, with 37% of respondents involved. Although the appetite for NFTs dipped slightly to 23%, the enthusiasm for crypto-powered online shopping and entertainment/travel payments remained steady at 25% and 23%, respectively.
Moreover, 25% of Gen Y participants also explored crypto credit cards to facilitate financial transactions.
The Gen X demographic in France exhibited a different trend, with 32% engaged in crypto trading, displaying a relatively conservative approach compared to their younger counterparts. Nevertheless, 25% of Gen Xers were intrigued by NFT purchases. Online crypto shopping garnered a 19% adoption rate, while entertainment and travel expenses accounted for 21% of Gen X’s crypto use. Additionally, 18% of Gen X participants embraced the concept of crypto credit cards.
Meanwhile, in Germany, the usage patterns demonstrated a few variations compared to France. Gen Z in Germany displayed a strong affinity for crypto trading at 40%, which surpassed the French Gen Zers’ engagement in the same activity. NFT purchases remained popular at 23%, while online shopping and entertainment/travel payments captured 28% and 21% of the respondents’ preferences, respectively. Also, 28% of Gen Z in Germany opted for crypto credit cards, signaling a heightened adoption rate for this payment solution.
For Gen Y in Germany, 29% actively participate in crypto trading. Akin to their French counterparts, the allure of NFTs enticed 18% of German Gen Yers. Meanwhile, online shopping and entertainment/travel payments retained a steady presence at 25% and 21%, respectively. The adoption of crypto credit cards mirrored the French Gen Y demographic at 20%.
Among the Gen X population in Germany, 36% engaged in crypto trading, once again showcasing a more active involvement than their French counterparts. Similarly, NFT purchases garnered a 25% adoption rate, paralleling the trend observed in France. Online shopping and entertainment/travel expenses were embraced by 22% and 13% of German Gen Xers, respectively. On the financial front, 18% of this age group opted for crypto credit cards, mirroring the rate observed in French Gen X participants.
Ultimately, the graph shared by KuCoin underscored the fascinating differences and similarities in crypto usage between generations in France and Germany.
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