PANews reported on October 29th that, according to CoinDesk, Swiss software company Avaloq conducted a study on the investment attitudes of high-net-worth individuals in the UAE. The study found that despite the region's exceptionally high demand for digital assets, with 39% of high-net-worth individuals surveyed holding cryptocurrencies, only 20% of these crypto investors used traditional wealth management institutions. The survey was conducted from February to March 2025 and covered 3,851 investors and 456 wealth management practitioners. The survey found that 63% of investors have switched or are considering switching managers, in part because they are not getting answers to their questions about cryptocurrencies. Akash Anand, Head of Middle East and Africa at Avaloq, said: "As cryptocurrency grows as an asset class, private banking relationship managers are increasingly faced with the need to meet the needs of largely underserved clients, leading to a rush among traditional wealth managers to equip themselves with cryptocurrency capabilities."PANews reported on October 29th that, according to CoinDesk, Swiss software company Avaloq conducted a study on the investment attitudes of high-net-worth individuals in the UAE. The study found that despite the region's exceptionally high demand for digital assets, with 39% of high-net-worth individuals surveyed holding cryptocurrencies, only 20% of these crypto investors used traditional wealth management institutions. The survey was conducted from February to March 2025 and covered 3,851 investors and 456 wealth management practitioners. The survey found that 63% of investors have switched or are considering switching managers, in part because they are not getting answers to their questions about cryptocurrencies. Akash Anand, Head of Middle East and Africa at Avaloq, said: "As cryptocurrency grows as an asset class, private banking relationship managers are increasingly faced with the need to meet the needs of largely underserved clients, leading to a rush among traditional wealth managers to equip themselves with cryptocurrency capabilities."

Report: 39% of high-net-worth individuals in the UAE hold cryptocurrencies, of which only 20% are managed through traditional institutions

By: PANews

2025/10/29 09:32

NET$0.00000191-67.18%

PART$0.2699-1.28%

NOT$0.0007887-4.13%

The survey found that 63% of investors have switched or are considering switching managers, in part because they are not getting answers to their questions about cryptocurrencies. Akash Anand, Head of Middle East and Africa at Avaloq, said: "As cryptocurrency grows as an asset class, private banking relationship managers are increasingly faced with the need to meet the needs of largely underserved clients, leading to a rush among traditional wealth managers to equip themselves with cryptocurrency capabilities."

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