Two-fifths (41%) of first-time investors in the UK see cryptocurrencies as the most important asset to have, according to new research from BrokerChooser.
The report outlined the top ten countries with the most interest in cryptocurrencies from first-time investors. South Africa topped the list with 50.2% of investors prioritising the digital assets. It was followed by India (47.5%), Japan (47.1%) Australia (45.7%), Ireland (42%), UK (41.6%), France (41.4%), Belgium (39.8%), Saudi Arabia (39.5%) and Mexico (39.3%).
The report also highlighted what financial products saw the highest popularity increase, they were cryptocurrency, funds and stocks. On the reverse, interest in Forex, CFDs and options declined.
While the popularity of Forex products declined overall. It proved very popular for first-time investors in the UK. The report claims 36.6% of this group saw Forex as a must-have.
Overall, the most popular financial products of 2021 were stocks, followed by forex and options.
Crypto trading platform Voyager Digital recently collected $60m through a private placement of common shares.
Copyright © 2022 FinTech Global
