According to a survey by cryptocurrency exchange KuCoin, more than half of UAE residents are ready for long-term investments in digital assets, and 72% of crypto investors prefer bitcoin.
KuCoin researchers found that 59% of UAE residents invest in cryptocurrencies for the long term and recognize them as a reliable means of savings. 22% of respondents use cryptoassets to make daily payments, 12% for international money transfers, and 9% to purchase non-fungible tokens (NFTs).
For the majority of survey participants, security is of paramount importance: 63% of users pay special attention to it when choosing a platform for trading cryptocurrencies. Thus, 52% of respondents noted the risks associated with market volatility