Retail trading activity in Asia is growing faster than in the US and Europe, a crypto exchange report has found. Gemini , prepared in collaboration with Glassnode.
To obtain the data, the researchers analyzed transaction timestamps, linking BTC activity to business hours in different regions. The results showed that “retail activity in the Asia-Pacific region grew faster than in other regions.”
Bitcoin Supply Change YoY for US, EU, and Asia
From the moment that Bitcoin reached a minimum in December 2022, with supply in the Asia-Pacific region rising to 6,4% year-on-year. By comparison, supply in the United States fell by 5,7% and in Europe by 0,7% over the same period.
This observation is interesting because it reflects contrasting behavioral activity in the US and Asia Pacific, suggesting a shift in the dominant retail trade between the two regions, said analysts at Glassnode.
While institutional investors play the main role in promoting bitcoin in the US, retail traders are leading the way in Asia. According to experts, the launch of US spot bitcoin ETF in January 2024 of the year.
