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According to a study by the Bank for International Settlements, according to a study by the Bank for International Settlements, this group is generally described as the most risk-seeking segment of the population.

Between August 2015 and November 2021 – the month in which the price of Bitcoin peaked at $69,000 – the average monthly number of daily active users of retail crypto exchanges increased from 119,000 to over 32.5 million , according to a recent study by the Bank for International Settlements (BIS).

By market, Turkey leads with the most downloads per 100,000 people, followed by Singapore, the United States and the United Kingdom.

The results are based on data, such as downloads and active usage, of operating systems, app stores, and crypto exchange apps.

Young men ‘seeking risk’

A remarkable finding of the study is the demographic breakdown with males under 35 dominating crypto exchange usage at almost 40% – a group according to the BRI was “generally identified as the most looking for risks. Men between the ages of 35 and 54 accounted for an additional 25%.

By contrast, less than 35% of all users worldwide are women, with the majority under 35.

“This pattern is consistent with survey results on the use of cryptocurrencies and fintech; here too, men are overrepresented,” the report adds.

Price sensitivity

In addition to adoption, the study also found that young men were particularly sensitive to Bitcoin price fluctuations compared to others.

The level of sensitivity to price movements of young men is twice as high as that of older men and four times higher than that of older women – the least reactive group.



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