Turkey seeing 11 times more crypto usage

Category: Asia Crypto
Posted by
Ravindu Dabarera

A recent survey conducted by exchange Paribu in Turkey showed that this crypto growth has happened over just a year, and perceptions of the technology have changed with it

Conducted by Akademetre Research, the “Cryptocurrency Awareness and Perception Survey 2021″ also revealed that only 0.7% of over 6,000 respondents traded crypto in some form. 84% of respondents had never even heard of Bitcoin or any other cryptocurrencies before!

Yasin Oral 1The “11 times more users than last year” claim came from the fact that out of 1,400 respondents, 7.7% said they traded with Bitcoin or other cryptocurrencies. Delving deeper into the survey, it notes that 11% of respondents with crypto knowledge have become active users, and Paribu saw growth of over 3.4 million users, taking them over 4 million in total.

The primary motivations for using cryptocurrencies were high earnings (60%) and curiosity (37%), whilst nearly 25% said that the tech-factor was significant in their decision. Interestingly, 80% of respondents who knew about crypto had never heard of blockchain.

Paribu CEO, Yasin Oral, explained, “Trust in cryptocurrencies is increasing, but this research shows us one more time that we need clear regulations to establish a complete trust for the userbase.”

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