Lugano, Switzerland – January 3, 2025 – Debifi, a non-custodial Bitcoin lending startup, has released a new publication entitled “Bitcoin Financial Services: A Study on User Behavior and Preferences.” The study, conducted among more than 200 Bitcoin users, provides valuable insights into the behaviors and preferences of the cryptocurrency’s community, with a focus on promoting a transparent and intermediary-free financial ecosystem.
The study, which combined online responses and in-person interviews conducted at the Plan B Forum in Lugano, revealed key findings that highlight changing priorities among Bitcoin users. These include a strong commitment to self-discipline and sovereignty, with 66.3% of respondents stressing the importance of maintaining sole control over their private keys. The majority of participants also expressed a preference for non-custodial services, with 78.1% viewing custodial alternatives as contradictory to Bitcoin’s decentralized nature.
Additionally, the study found that over 83.9% of respondents indicated their willingness to use Bitcoin as collateral for loans, demonstrating the cryptocurrency’s perceived value as a robust financial asset.
Max Keidun, CEO of Debifi, commented on the study’s findings, saying, “Bitcoin users have shown a clear preference for financial sovereignty. Their demand for non-custodial, no-rehypothecation solutions is a testament to their wisdom and commitment to decentralization. At Debifi, we’re proud to lead this transition by providing secure, transparent, and Bitcoin-only lending solutions.”
To meet the expectations of Bitcoin users, financial service providers should prioritize safety and transparency by implementing robust measures such as multisig setups. They should also ensure that asset management remains non-custodial, giving users full control, and avoid rehypothecation practices to maintain ethical standards.
The release of this research was intentionally timed to coincide with Proof of Keys Day, a day that celebrates Bitcoin users taking control of their assets by transferring them to wallets where they own the private keys. This act symbolizes financial independence and self-sovereignty, which are core values of the Bitcoin movement.
“Our findings align with the principles of Proof of Keys Day,” added Keidun. “The research highlights a community ready to embrace solutions that honor decentralization and autonomy.”
Debifi is a pioneer in non-custodial Bitcoin-backed lending, utilizing advanced 3-of-4 multisig technology to ensure secure, transparent, and ethical borrowing experiences. The platform guarantees that users retain full ownership of their assets, avoiding rehypothecation practices and staying true to Bitcoin’s principles.
To learn more about Debifi’s research or to explore its services, visit debifi.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.