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A retail $BTC trading in APAC is leaving the US and EU in the dust
As the cryptocurrency market continues to evolve, it has become increasingly clear that Asia-Pacific (APAC) has taken center stage. According to recent data from Glassnode and Gemini, retail investors in the region have emerged as a dominant force, driving the market forward.
The statistics are striking: since December 2022, when Bitcoin hit its cycle low, APAC has seen a staggering 6.4% annual increase in supply, whereas the US experienced only 5.7% growth and Europe witnessed an astonishingly low 0.7% decrease. This significant disparity highlights the region’s growing influence in the global digital asset market.
Several factors contribute to APAC’s leading role in retail Bitcoin trading. The region is witnessing rapid digital economic growth, with increased awareness about cryptocurrencies, as well as advancements in technology that have encouraged non-institutional investors to enter the market. In some APAC countries, regulatory frameworks have also been updated, creating an environment conducive to the acceptance of Bitcoin.
The numbers are telling: APAC now accounts for a whopping 29% of global digital asset value, surpassing North America’s 19% and Western Europe’s 22%. This marked shift underscores the region’s growing importance in the cryptocurrency landscape. Meanwhile, the US market appears to be shifting towards institutional involvement, particularly after the introduction of spot ETFs.
As market dynamics continue to evolve, APAC’s role in the global Bitcoin sector is expected to expand further.
Source: http://www.bitcoinbazis.hu
