🌏 Research Report: Bitcoin Retail Trading Volume in the Asia-Pacific Region Surpasses that of the US and Europe!
The latest research report finds that Bitcoin retail trading activity in the Asia-Pacific region has now surpassed that of the United States and Europe!
According to a collaborative report by Gemini and Glassnode, if we exclude the trades of large institutions and focus solely on retail investors, the growth rate in Asia is significantly faster than that of the US and Europe.
Researchers at Glassnode discovered through the analysis of transaction timestamps that the growth rate of retail activity in the Asia-Pacific region is particularly rapid. Since the Bitcoin price low in December 2022, the supply in the Asia-Pacific region has increased by 6.3% year-on-year, while the US has seen a decline of 5.7% and Europe a decline of 0.7%, indicating that the dominance of retail trading is shifting from the US to the Asia-Pacific region.
In the US, institutional investors have played an important role in Bitcoin trading, especially after the launch of Bitcoin spot ETFs. However, beyond ETFs and exchanges, traders in the Asia-Pacific region are now the dominant force in Bitcoin trading.
Analysts believe that the launch of the US spot ETF in January 2024 could play a key role in this trend, providing retail and institutional investors with new opportunities to engage with Bitcoin.
In this regard, Glassnode's analysis points out that people's awareness and understanding of Bitcoin as an asset class have significantly improved, and investment behavior has become increasingly mature!
What do you think? Does this mean that our friends in the Asia-Pacific region are becoming more active and influential in the Bitcoin space? Leave a comment, share, and discuss in the comments section!
