APAC Retail Traders Drive Bitcoin Activity, Outpacing U.S. and Europe

Retail traders in the Asia-Pacific (APAC) region are leading the way in Bitcoin activity, surpassing their counterparts in the U.S. and Europe. According to a recent research report by Gemini and Glassnode, non-institutional participation is driving this growth.

APAC Retail Activity on the Rise

Glassnode’s analysis of transaction timestamps has revealed that retail activity in the APAC region has grown at a faster rate than in other geographies. When excluding exchange-traded funds and exchange flows, the data shows that APAC’s retail activity is outpacing the U.S. and Europe.

Since Bitcoin’s cycle low in December 2022, APAC’s year-over-year supply growth has reached 6.4%. In contrast, the U.S. has seen a decline of 5.7%, while Europe has dropped 0.7% over the same period.

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

Key Factors Driving APAC’s Growth

Institutional investors have played a significant role in U.S. Bitcoin flows, particularly after the launch of spot ETFs. However, outside of ETFs and exchanges, APAC traders are taking the lead. The analysts suggest that the launch of U.S. spot ETFs in January 2024 may have contributed to this trend, opening up new opportunities for retail and institutional investors to gain exposure to Bitcoin.

Improved education and understanding of the asset class have also led to a “maturing investor profile,” according to Glassnode.

Tips for Investors

If you’re looking to invest in Bitcoin, consider the following:

  • Stay informed about market trends and developments in the APAC region.
  • Understand the role of institutional investors in the U.S. market.
  • Keep an eye on the impact of ETFs and exchanges on Bitcoin activity.
  • Continuously educate yourself on the asset class and its potential opportunities.

For more news and insights on the cryptocurrency market, visit Global Crypto News.

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