Voyager

A recent nationwide survey of 1,000 online traders from the conducted by eToro U.S., a social investment platform, found that 43% of Millennial traders trust cryptocurrency exchanges more than the U.S. stock exchanges.

“We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges,” Guy Hirsch, the managing director of eToro U.S., said. “At the heart of this change are the asset classes themselves. Younger investors’ experience with the stock market has seen a great deal of loss of trust, with the fall of Lehman Brothers because of irresponsible practices followed by the worst recession since the Great Depression.”

What’s more surprising is that two-thirds of Millennial crypto traders have more faith in crypto as an asset class than stocks. For Millennials who don’t trade crypto, one-third say they favor digital assets over traditional securities and 71% would invest in crypto if it was offered by a traditional financial institution.

Among all investors who don’t trade crypto, 59% would place money into digital assets if it were offered by a traditional financial institution, while 92% of current crypto traders would invest more money if a traditional financial institution provided the option.

All things considered, it’s clear that the younger generation of investors, raised during the financial crisis of 2008, are more open to the decentralized asset class and riskier investments as a whole (perhaps unsurprisingly).

More: New eToro Survey: Nearly Half of Millennials Trust U.S. Stock Market Less Than Crypto
Related: Coinbase Survey Reveals High Interest in Cryptocurrency at Universities

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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