we receive e we publish the following press release from theoam.
The positive trend returns cryptocurrency market in Italy: at the end of December 2024, the value of virtual currencies held by Italian customers rose to over 2,6 billion euros, after the contractions recorded in the second and third quarters of the year. The number of customers holding cryptocurrencies also increased, growing by 7% for a total of 1.609.898 subjects.
This is what emerges from the quarterly flows sent by the Operators registered in the special Section of the Currency Exchange Register kept by theOrganismo Agenti e Mediatori as of December 31st of last year. The number of VASPs registered in the Register held by the OAM also increased from 148 to 166, as did the number of VASPs that transmitted the signal flows (+2%). Positive percentage variations for the number of transmitted customers (+9%).
At the end of December 2024, over 1,6 million customers held cryptocurrencies worth 2,6 billion euros
With theeighth information flow, the Organization has received from the VASPs the identification data and data relating to the cryptocurrency operations of customers. With respect to the total number of customers transmitted (2.253.524), 71% (1.609.898 customers) held, on the last day of the reference quarter, cryptocurrencies in their portfolio, for a value in euros equal to 2.630.802.472: the average value of the cryptocurrencies held by customers is equal to 1.634,14 euros. In the fourth quarter of 2024, 4.324.451 conversion operations from legal to virtual currency were carried out (an average of 10,23 operations per customer with an amount of 312,36 euros) and 3.953.895 conversion operations from virtual to legal currency (an average of 10,66 operations per customer with an amount of 363,02 euros).
The market is confirmed to be dominated by large VASPs while demand remains in the hands of
Generazione x
Also Q2024 XNUMX data confirm a market structure dominated by large VASPs: 94% of customers operate on large Exchanges, 5,8% on medium-sized Exchanges and 0,1% on small Exchanges.
I customers are almost entirely (99,91%) natural persons: 35% belong to the age group between 18 and 29 years, 29% to the age group between 30 and 39 years (29%). The percentage weight decreases as the age group increases, reaching 1% for those over seventy.
The picture changes if we look at the data relating to Total balance of virtual currencies which takes on significant percentages especially for customers in the form of natural persons aged between 40 and 60: in particular, both the total balances of legal currencies and the value of the conversion transactions of legal currencies into virtual currencies and vice versa, see significant percentages especially for this age group. The number of conversion transactions of legal currencies into virtual currencies and vice versa, instead takes on significant percentages for customers in the form of natural persons aged between 18 and 40. Similarly, the greatest number of transfers of virtual currency both outgoing and incoming from/to the Service Provider relating to the use of virtual currency, was carried out by customers who are natural persons aged between 18 and 40 (over 74%).
Legal entities mostly resident abroad
As regards legal entities, on a geographical level the largest percentage of subjects resides abroad (55%) while 24% resides in the North and 14% in Central Italy.
Il Total balance of virtual currencies takes on significant percentages especially for customers with registered offices in Italy located in the North with 50,8% while 41,5% concerns customers with registered offices abroad. As regards both the total balances of legal currencies and the value of conversion operations of legal currencies into virtual currencies and vice versa, significant percentages are found especially for customers in the form of legal persons with registered offices abroad.
Furthermore, it is noted that the number of conversion operations of legal currencies into virtual currencies and vice versa, takes on significant percentages for customers in the form of legal entities with registered offices abroad. Similarly, transfers of virtual currency both outgoing and incoming from/to the Service Provider relating to the use of virtual currency, were carried out for the vast majority by companies with registered offices abroad (over 88%).
