Experts expose the shocking truth about NFT trading
In 2022, 24 percent of the 2,000 respondents expressed interest in investing in tokens or NFTs, indicating a “key tipping moment” for token adoption.
A poll of investors in the United Kingdom indicated a growing interest in new asset classes that threaten to supplant traditional finance, owing to reasons such as ease of access and a nascent crypto market.
Among the 2,000 people from the United Kingdom, Residents polled by OnePoll via Tokenise chose tokens as a safer and more secure alternative to traditional investments such as gold, oil, stocks, and real estate: 81 percent of respondents chose tokens as a safer and more secure alternative to traditional investments such as gold, oil, stocks, and real estate:
“The time is ideal for tokens to take center stage, driven by a challenging climate for traditional investment vehicles due to the pandemic, low-interest rates, and inflation.”
In 2022, 24 percent of the respondents expressed interest in investing in tokens or non fungible tokens (NFT), indicating a “key tipping moment” for token adoption. As a result of the growing interest, a growing number of providers and exchanges are attempting to capitalize on it.
Some of the primary motivators for roughly 55% of existing crypto investors in the United Kingdom. Influencer marketing through artists, musicians, and collectors is one example, while the ability to make purchases through app-based marketplaces attracted 49 percent of respondents:
“By 2022, 41% of Londoners are willing to buy, use, or trade a token (such as an NFT).”
In the United Kingdom, the most common age group that chooses to invest in tokens and NFTs in the over-50s (46 percent) is between 18 and 24, with 53% citing the option to invest via applications or online portals as a significant deciding factor.
On the other hand, the poll revealed the significance of education in promoting crypto-based investments. The poll also finds the following, which emphasizes the importance of regulated exchanges:
“When it comes to tokens, nearly half of those polled, or 47%, have yet to invest because they don’t know enough about them, and 34% don’t know an easy and secure way to invest.”
The study also found that while women have less exposure to tokens and NFTs than men, they both prefer to invest through online platforms. Surprisingly, 59 percent of female investors said they wanted to feel a connection to the underlying asset before investing.
The Financial Conduct Authority (FCA) has issued a cease-and-desist order for Bitcoin ATMs.
The Financial Conduct Authority (FCA), the United Kingdom’s leading financial regulator, ordered all non-registered crypto ATMs to close down immediately or face unspecified extra action on March 11.
According to Cointelegraph, the FCA stated three major reasons for the abrupt enforcement: a lack of regulatory structure, the high-risk potential of changing assets, and the need of adhering to the Money Laundering Regulations’ principles.
