According to a survey conducted by KuCoin, 59% of cryptocurrency users are anticipating advancements in artificial intelligence (AI) within the domains of blockchain and crypto trading. A total of 90% of the survey respondents either utilized or displayed an interest in AI adoption to enhance daily efficiency. Gen Z and Gen Y demographics responded more positively towards AI than Gen X.
The survey participants favored generative AI for text, like ChatGPT, with 51% of the respondents expressing preference towards it. AI-generated creative content and AI-powered trading tools were also popular, particularly among Gen Y respondents. Navigation apps and voice AI assistants were highly appreciated among the survey respondents.
The survey also revealed a growing interest in the application of AI for education, work efficiency, healthcare, and security or risk management across all generations. However, about 48% of the users expressed apprehensions about privacy and security concerns, with Gen X respondents expressing concerns about the potential centralization of power due to AI deployment.
Almost 64% of crypto users were somewhat aware of AI applications in blockchain and crypto trading, with Gen Z and Gen Y displaying a higher level of familiarity than Gen X. This indicates an opportunity for educational initiatives tailored to different generational requirements to enhance awareness.
In conclusion, KuCoin CEO Johnny Lyu believes the response from users about AI integration and blockchain efficiency is motivating. The company aims to continue improving its technological advancements to cater to the dynamic needs of the crypto community.