DUBAI, UAE, June 24, 2024 /PRNewswire/ -- Bybit, one of
the world's top three crypto exchanges by volume, has released its
Q2 Asset Allocation report, which covers the period from
December 2023 to May 2024.
According to the report, as of May
2024, BTC remains the largest single asset held by all
users, accounting for 26% of users' total assets in this leading
cryptocurrency.
The data also reveals a declining trend in stablecoin holdings
for all users, decreasing from 50.2% in December to 42.8% in May.
Excluding stablecoins, 61% of users' crypto investments are
allocated to BTC and ETH.
Similar to institutions, retail traders continue to show a
preference for BTC over ETH, despite renewed optimism for ETH Spot
ETFs. However, institutional positions in BTC and ETH have become
more concentrated compared to those of retail traders, with
holdings of 39.4% and 20.9% respectively, as of May.
Eugene Cheung, Head of
Institutions at Bybit, said, "As a leading crypto exchange in the
industry, Bybit continues to solidify its position as the preferred
partner for institutions seeking a reliable and robust trading
platform. Our commitment to providing deep liquidity, ensuring
asset safety, and offering a capital-efficient account structure
sets us apart. We remain dedicated to providing the highest quality
service and support, empowering institutions to thrive in the
dynamic world of digital assets."
The report also provides insights into altcoin holding trends
and the leverage behavior among institutions and retail traders.
Read the full report now here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the world's top three crypto exchanges by
trading volume with 30 million users. Established in 2018, it
offers a professional platform where crypto investors and traders
can find an ultra-fast matching engine, 24/7 customer service, and
multilingual community support. Bybit is a proud partner of Formula
One's reigning Constructors' and Drivers' champions: the Oracle Red
Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
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