APAC Retail Traders Dominate Bitcoin Market, Leaving US and Europe in the Dust!

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😲 Guess who’s leading the Bitcoin trading race? It’s not the US or Europe, folks! According to Gemini and Glassnode, retail Bitcoin activity in APAC has outpaced the U.S. and Europe, driven by non-institutional participation. 🤯

While the US lags behind, APAC retail traders are making moves in Bitcoin (BTC). When excluding exchange-traded funds and exchange flows, retail activity in Asia is growing faster than in the US and Europe, according to Gemini’s latest research report made in collaboration with Glassnode.

Research at Glassnode analyzed transaction timestamps, linking BTC activity to working hours in different regions. The findings suggest that “retail activity in the APAC region has grown at a faster clip than other geographies.”

Since Bitcoin’s cycle low in December 2022, APAC’s year-over-year supply growth reached 6.4%, the survey reveals. For comparison, the US saw a decline of 5.7%, while Europe dropped 0.7% per the same timeframe.

“This observation is interesting, reflecting an inverse in behavioral activity between the US and APAC areas, suggesting a shifting dominance in retail activity between the two regions.”

Glassnode

Institutional investors have played a big role in US Bitcoin flows, especially after the launch of spot ETFs. But outside of ETFs and exchanges, APAC traders are taking the lead. The analysts say “it is likely” that the launch of the US spot ETFs in January 2024 have played a key role in the trend, opening up “new opportunities for retail and institutional investors to get exposure to Bitcoin.”

Additionally, education and understanding of the asset class “has largely improved,” which led to a “maturing investor profile,” Glassnode notes.

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2025-02-06 10:06