Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

10% Of All Germans Owned Cryptos in 2021, Making Digital Assets an Established Asset Class in the Country


October 31, 2022 ( Newswire)

In 2021, 10% of all Germans owned cryptos, according to Digital assets have become an established asset class in the country because of this widespread adoption.

CryptoMonday CEO Jonathan Merry commented on the data, he said, "Germany is an excellent place for crypto mining and is Northern Data's home. This company has some of the highest hash rates in the world and uses almost entirely renewable energy sources. The country's supportive attitude toward digital assets and its progressive regulation has made it a hotspot for crypto innovation."

Germany Is Crypto-Friendly

Germany is one of the most crypto-friendly countries in the world. The European nation permits cryptocurrency investments in its long-term domestic savings business. This is encouraged by its zero-tax policy on long-term capital gains from cryptocurrency. Besides, it has the second-highest number of Bitcoin and Ethereum nodes behind the United States.

Financial Institutions Are the Hindrance

Despite the increasing number of Germans buying cryptocurrencies, there are still some barriers to adoption. One of the biggest hindrances is the lack of support from financial institutions. Banks have been unwilling to work with crypto businesses, making it difficult for everyday Germans to buy and sell digital assets.

However, this is slowly changing as more banks are beginning to work with crypto companies. Recently German digital bank N26 announced that it would offer cryptocurrency trading to its clients through a partnership with Bitpanda. Full story and statistics can be found here: 10% Of All Germans Owned Cryptos in 2021, Making Digital Assets an Established Asset Class in the Country

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on