Survey: 50% Of Folks Retailer Cryptocurrencies on CEXs As an alternative of Wallets

In line with a examine revealed by fintech agency Broadridge, greater than 65 p.c of respondents in Canada, the UK, and america stated their cryptocurrency holdings are a long-term funding.

Per the buy-and-hold strategy taken by many conventional fairness traders, respondents targeted extra on “financials, threat and safety, and details about administration groups” than native cryptocurrency metrics equivalent to token economics and community exercise.

White papers of cryptocurrency initiatives are the least visited supply of data amongst individuals, with simply over 20%. Cryptocurrency web sites are the popular supply for almost 40% of individuals to collect details about cryptocurrency initiatives, and even social media (i.e. Crypto Twitter) is extra fashionable (about 26%).

Whereas the necessity for decentralization is a dominant matter on crypto Twitter, the findings present barely greater than 50 p.c of individuals maintain cryptocurrencies on CEXs somewhat than in user-controlled wallets.