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Cryptocurrency goes under the Christmas tree

Cryptocurrency goes under the Christmas tree

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One trend that continues to gather mainstream momentum is investment in cryptocurrency, and now this phenomenon is even beginning to make it onto Christmas gift lists.

According to UK-based banking, crypto, FX and investment app Ziglu, around one in 10 adults would consider giving cryptocurrency as a Christmas present to family and friends and as many as 25% of these will be doing so this year.

Ziglu’s research suggests that the average value of crypto that people can expect under the Christmas tree is around £120 ($160). Although one in 12 of crypto givers are planning on gifting more than £200 ($267). And these gifts will be gratefully received, with more than a third of adults saying they would be happy to receive crypto for Christmas.

Men are more likely to enjoy a crypto present at 41% compared with 28% of women and younger people will also be more receptive. Around 43% of 18-24-year-olds would be happy, rising to 48% of 25 to 34-year-olds and going as high more than half (51%) of 35 to 44-year-olds. But don’t entirely rule out an older relative as 19% of over-65s would be happy to receive crypto.

Ziglu, which enables customers to buy and sell a range of cryptocurrencies, has launched a free gifting service for customers at www.ziglu.io allowing them to send crypto in any amount from as little as £1.00. To promote this new feature, Ziglu will enter every customer who gifts crypto between now and February 15th (the day after St. Valentine’s Day), into a prize draw for a chance of winning £2,000 in a cryptocurrency of their choice. The company, which believes increased regulation is crucial to the long-term future of the market, is regulated by the Financial Conduct Authority, fully authorised as an Electronic Money Institution, and offers a range of currencies including Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ether, Litecoin, Polkadot, Solana and Tezos.

Mark Hipperson, founder and CEO of Ziglu said: “Cryptocurrency is definitely a cool and original Christmas present and a unique alternative to giving cash, offering people the chance of a speculative investment while learning about digital assets. It is fascinating to see that so many people would consider giving crypto for Christmas and that so many would be happy to receive.”