Swyftx's Survey: Crypto Spending in Australia Surges 10%! | Crypto

Swyftx’s Survey: Crypto Spending in Australia Surges 10%!

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-Aussie top crypto exchange Swyftx conducted its annual survey for September 2022.

-The results reveal that Australian females make more crypto profits than Australian men.

-Despite the markets high volatility and downtrends, 72% of crypto users have reported profits on their investments.

-The average profit earned by Australian women this year stands at $7,256 compared to the $7,034 average profit gained by Australian men.

-Crypto ownership grew 4% from 17% to 21% in 2022.

-Furthermore, the survey indicates that 29% that crypto holders still remain bullish on long-term investments, who invest or have invested in the crypto.

-On the downside, the number of people who believe crypto will become the future money has dropped by 5% from the previous year.

-In line with the study, cryptocurrency use in daily life has surged by 10% in Australia.

-Amazon is one of the most widely used online marketplaces that attracted 27% of crypto users in Australia, with 21% spending on fueling at pumps and 23% on restaurants.

-As per Swyftx, 61% of Aussie individuals have not purchased cryptos so far, up by 3% compared to the previous years figure of 58%.

-In addition, 43% of non-crypto-owning people pointed to the lack of regulatory efficiency keeping them at bay from investing in digital assets.

Swyftx's Survey: Crypto Spending in Australia Surges 10%!

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