A small fraction of US teenagers have traded cryptocurrencies, based on a brand new survey from Piper Sandler.
In a current examine of seven,000 US teenagers, 9% claimed they’d traded cryptocurrencies, whereas 81% of these surveyed have been males. There was no additional element on which cryptocurrencies the teenagers have invested in, or whether or not teenagers have been actively shopping for and promoting crypto or just holding.
Though the bitcoin’s huge rally has spurred extra retail curiosity into cryptocurrencies, teenagers are nonetheless placing their cash to work elsewhere. In response to the survey, teenagers’ high spending precedence is meals, whereas the highest fee technique for teenagers was money, adopted by Apple Pay.
Whereas there aren’t 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 have been from the newest Piper Sandler “Taking Inventory With Teenagers” examine, a semi-annual venture that surveys teenagers with a mean age of 16.1, with illustration from 47 states. It was performed from February 19 to March 24.