Generational Trends Exposed: Crypto Users Long for AI Progress in Blockchain and Trading

June 01, 2023

The cryptocurrency landscape undergoes constant transformation. With that transformation comes generational disparities that become imperative for platforms to meet the diverse requirements and anticipations of their user base.

KuCoin, a cryptocurrency exchange, recently conducted an extensive study to gain insights into the perspectives and aspirations of different generations, regarding the integration of AI and the efficiency of blockchain technology. The study's findings provide valuable information about generational trends and expectations regarding the use of AI and its potential impact on the cryptocurrency ecosystem.

One key trend found in the study is that there is a wide acceptance and increasing interest in AI among crypto users. More than 90% of study respondents have used AI or have expressed interest in leveraging its capabilities to enhance efficiency in their daily lives. Across all generations, there is a strong interest and preference for generative AI applications for text, such as ChatGPT, with 51% of respondents favoring this technology.

Adding to that interest in AI capabilities, almost 60% of the respondents expressed a desire for AI advancements in blockchain and crypto trading. AI applications for education and work efficiency garner interest across all generations, highlighting the demand for streamlined processes and personalized experiences. Growing interest is observed across all generations for AI applications in healthcare and security/risk management, indicating the increasing acceptance of AI's potential in these sectors.

So, those were where the generations showed agreement for the most part. Now, when it comes to generational differences, Gen Z and Gen Y respondents exhibited a higher adoption rate and more positive reception toward AI compared to Gen X.

For example, navigation apps and voice AI assistants are highly appreciated for their practicality and convenience, particularly among Gen Z and Gen Y. Additionally, AI-generated creative content and AI-powered trading tools are gaining popularity, especially among Gen Y users.

The aforementioned generational trends underscore the increasing fascination and uptake of AI technologies within the realm of cryptocurrencies, spearheaded by the younger cohorts. This suggests that there is a generational shift in embracing AI technologies.

“At KuCoin, we are steadfast in our dedication to staying at the forefront of technological advancements and constantly improving our platform to meet the dynamic needs of the crypto community,” said KuCoin CEO Johnny Lyu. “The invaluable insights gained from this survey will act as a roadmap for our future endeavors, allowing us to create cutting-edge solutions that empower our users and drive the industry forward."

KuCoin, a prominent player in the cryptocurrency exchange arena, remains steadfast in its commitment to deliver a secure, user-centric and technologically progressive platform to its clientele. To echo what Lyu said, the insights derived from this survey will serve as a guiding force in shaping the future trajectory of the exchange.

Edited by Alex Passett

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