A small fraction of US teenagers have traded cryptocurrencies, in keeping with a brand new survey from Piper Sandler.
In a current research of seven,000 US teenagers, 9% claimed they’d traded cryptocurrencies, whereas 81% of these surveyed had been males. There was no additional element on which cryptocurrencies the teenagers have invested in, or whether or not teenagers had been actively shopping for and promoting crypto or just holding.
Though the bitcoin’s large rally has spurred extra retail curiosity into cryptocurrencies, teenagers are nonetheless placing their cash to work elsewhere. In response to the survey, teenagers’ prime spending precedence is meals, whereas the highest fee methodology for teenagers was money, adopted by Apple Pay.
Whereas there are not any official age necessities to purchase cryptocurrencies, hottest crypto exchanges together with Coinbase, Binance, Gemini, and Kraken require traders to be 18 or older to open an account, which could possibly be a barrier to additional participation.
The survey outcomes had been from the newest Piper Sandler “Taking Inventory With Teenagers” research, a semi-annual challenge that surveys teenagers with a mean age of 16.1, with illustration from 47 states. It was carried out from February 19 to March 24.