emerging Markets Lead in Daily Crypto Use, Bitget Report Reveals
A recent Bitget Wallet report highlights a notable trend: people in emerging markets are using crypto wallets more frequently for daily transactions compared to developed nations.
The report, based on input from 4,599 users, reveals a significant shift in crypto adoption. According to Bitget Wallet’s latest report, users in emerging markets are increasingly using crypto wallets for everyday transactions.
Based on responses from 4,599 users, the survey found that Southeast Asia, South Asia, and Africa lead in daily crypto use. These regions often face challenges with traditional banking systems, making crypto wallets an attractive alternative. Users are also drawn to earning airdrop rewards, which can be significant in areas with lower income levels.
In contrast, European users mainly use wallets for trading, with over 40% citing this as their primary activity. North America and East Asia show a mix of trading and sending crypto, but East Asia has the highest long-term holding rate at 43%.
Gracy Chen,CEO of Bitget,notes this trend marks a shift in how wallets are used. “Wallets are becoming part of new-age finance ecosystems,” Chen says. “People are not just trading; they’re exploring Web3 and interacting directly with it, often starting with a wallet.”
Bitget plans to adapt to this change by making their wallet more accessible for non-crypto natives. This move aims to cater to the evolving user behavior and the growing interest in earning and exploring Web3 technologies.
