APAC outpaces US, Europe in retail Bitcoin trading, survey reveals

The retail bitcoin activity in APAC has exceeded the United States and Europe, motivated by non-institutional participation, according to Gemini and Glassnode.

The retail merchants of the Asia-Pacific region make movements in Bitcoin (BTC) While the United States is late. When you exclude funds and exchange flows negotiated on the stock market, retail activity Asia develops faster than in the United States and Europe, according to the last of Gemini research report Made in collaboration with Glassnode.

Glassnode research has analyzed the horodatages of transactions, connecting the BTC activity during working hours in different regions. The results suggest that “retail activity in the APAC region has developed at a faster clip than other geographies”.

Since the low Bitcoin cycle in December 2022, the growth of supply from one year to APAC reached 6.4%one year, reveals the survey. As a comparison, the United States had a decrease of 5.7%, while Europe dropped by 0.7% by the same period.

“This observation is interesting, reflecting an inverse behavioral activity between the United States and
Apac zones, suggesting changing domination in the retail activity between the two regions. »»

Glass knot

Institutional investors played a big role in American Bitcoin flows, especially after the launch of the ETF Spot. But apart from FNB and exchanges, APAC traders take the lead. Analysts say “it is likely” that the launch of the American FNB spots in January 2024 played a key role in the trend, opening “new opportunities for retail and institutional investors to expose themselves to bitcoin”.

In addition, the education and understanding of the asset class “has greatly improved”, which led to a
“Profile of maturity investors,” notes Glassnode.