Cryptocurrency - has become one of the main types of investment among Ukrainians. This direction is second only to the property market and bank deposits. Find out how many Ukrainians keep money in digital currency and why they use this particular market
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As of mid-2024, Ukrainian citizens are investing more in crypto assets than in bonds or stocks. This is stated in a survey by Gradus Research, ForkLog reports.
Thus, 26% of Ukrainians among the surveyed residents of cities with a population of more than 100,000 people claim to own cryptocurrencies. However, real estate remains the most popular investment, followed by bank deposits.
Why do Ukrainians need cryptocurrencies?
According to the survey, the reasons why Ukrainians use cryptocurrencies include its popularity and relevance (47%), investment opportunities (40%), and potentially high income (38%). Equally popular are such factors as inflation protection, openness, accessibility, and anonymity.
At the same time, half of the respondents are interested in starting to use digital assets, while 37% are not interested. Thus, most of those who do not yet own cryptocurrencies are considering purchasing them in the future.
The main reason for not using cryptocurrencies is a lack of knowledge and understanding (64%).
As for citizens who remain indifferent to cryptocurrencies, their number is 37%. Another 64% of respondents are not ready to interact with them due to a lack of knowledge and understanding.
By the way, the Visit Ukraine portal is one of the few Ukrainian sites where you can buy various products (tours, merch, insurance, etc.) by paying with cryptocurrency. For detailed instructions on how to do this, see here.
Other types of investment
Despite the fact that bonds are less popular among Ukrainians than cryptocurrencies, we wrote that investments in Ukrainian government bonds continue to demonstrate support for the country in times of war.
Since the start of the full-scale invasion, the state budget has raised more than UAH 1 trillion through bond issues.
Read here to find out where the world's largest investors in Ukrainian bonds are.
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