The United Arab Emirates has created an extensive infrastructure for the blockchain industry over the past few years.
The country is not only expanding the use of digital currencies, but also creating a comfortable environment for startups to operate and attract investors.
The KuCoin exchange surveyed its UAE users and found that 72% of crypto investors from this country prefer bitcoin (BTC).
59% of respondents said that they prefer long-term investments in digital assets. 35% of respondents believe that such an instrument can protect their capital in the face of accelerating inflation.
About 9% of exchange users admitted that they are interested in tokenized collections (NFT). At the same time, only 22% of cryptocurrency holders use it for daily payments.