Why are the Irish crypto-curious?

Irish people are among the most ‘crypto-curious’ in the world.

The 2022 Global State of Crypto report by cryptocurrency exchange Gemini found that 58% of Irish respondents who do not currently own cryptocurrency are interested in learning more or are likely to acquire it in the next 12 months.

Compared globally to 20 countries surveyed, this is the largest ‘crypto curious’ segment in any one country, followed by Germany (53%), Colombia (50%) and the UK (49%). The majority (54%) of the ‘crypto curious’ Irish are women.

“Irish people have a strong appetite for crypto, which is expected given Ireland’s international reputation as a hub for financial services and emerging technologies”

The survey revealed that 18% of Irish respondents currently own or have previously owned cryptocurrency, in line with levels of ownership in other developed countries, such as the UK (18%), Germany (17%), Australia (18%) and the US (20%).

Who owns crypto currencies in Ireland?

Gemini is a platform that offers individuals and institutions simple tools to buy, sell, and store crypto like bitcoin and ether. It was founded in 2014 in the US by Cameron and Tyler Winklevoss, who famously were embroiled in a legal dispute with Mark Zuckerberg over the founding of Facebook.

The company recently secured an Electronic Money Institution (EMI) licence from the Central Bank of Ireland, the first such licence granted by the Central Bank of Ireland since 2020.

Other key findings from the report include:

  • 79% of Irish investors are holding their cryptocurrency for long-term gains, and 39% are actively trading their crypto
  • 35% of current owners are 25-34 years old and 28% of current owners are 35-44 years old
  • 40% of current investors were female and 60% were male, although 54% of the crypto curious segment are female, compared to 46% male

“This global survey reveals that Irish people have a strong appetite for crypto, which is expected given Ireland’s international reputation as a hub for financial services and emerging technologies,” said Gillian Lynch, Gemini’s head of Ireland and Europe.

“We are proud that the Central Bank of Ireland recently awarded Gemini an Electronic Money Institutions licence, which is a testament to our high standards of consumer protections. We look forward to bringing our simple and secure crypto services to customers in Ireland and Europe more broadly.”

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.

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