Coinbase – State of Crypto, 4Q 2025

The main theme of the report is the differences in investment approaches between young (Generation Z and Millennials) and old (Generation X and Boomers) generations.

Key findings include: younger generations are more actively managing their investments and tend to adopt more aggressive strategies. They view diversification differently than older generations and show interest in non-traditional assets such as derivatives, early token sales, prediction markets, and DeFi lending. Younger investors are more interested in cryptocurrency and have more of their portfolios in non-traditional assets. They are more likely to use new forms of trading, such as copy-trading or social trading, and trade more frequently.