• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
bitcoin price fomo
Nexo

OKEx Report Reveals Retail Bitcoin Interest Beats Institutions, More FOMO Incoming

Bitcoinist by Bitcoinist
1 year ago
in Industry
0
Advertisement

The ongoing bitcoin bull market has been nothing short of amazing. Retail interest during the last cycle brought the cryptocurrency only so far, and this cycle, retail plus institutions have pushed the price per coin to new heights.

However, new data insights  from OKEx partner analytics firm Catallact, revealed that retail investors bought the most of the BTC amidst widespread crypto market FOMO. Here’s why this is just the start of what’s to come in the world world of cryptocurrencies.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

World-Leading Crypto Exchange OKEx Reveals Shocking Bitcoin Report

OKEx has become an all-in-one suite of cryptocurrency products and services, ranging from a world-class exchange and trading platform to a DeFi service, educational tool, and much more.

As part of its global expansion, the company has regularly released detailed reports on important aspects of the crypto market. The latest information offers an in-depth look at how retail investors have impacted the recent Bitcoin bull market, alongside institutions that were believed to be buying the most coins.

Data also suggests that retail addresses holding BTC have increased substantially, although these holders are typically working with smaller amounts at $60,000 per coin and are holding, not sending any BTC. Transactions across retail are way down, but this isn’t always a bad sign.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The movement of coins to professional custody accounts has spiked, suggesting that institutions are contributing more overall to the ecosystem. Still, the other data shows that retail traders have bought more BTC overall.

Retail Investors Outbuy BTC Against Competition From Institutions

Retail investors were behind the last bull market cycle, and while it seems they’re later to this market cycle compared to institutions, they are most certainly there and making their presence known.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Retail investors, according to JP Morgan, had purchased over 187,000 coins in Q1 2021 alone. This is more than the 172,648 coins purchased by institutions, “as per data from fund flows, CME Bitcoin futures positions and company announcements,” the report reads.

The data was extrapolated from Square and PayPal retail user data.

Why More Retail FOMO Is On The Way

If Square and PayPal’s interest has already contributed to such growth, then the added 77 million users now exposed to Bitcoin and other cryptocurrencies through Venmo will push more FOMO in the future.

Venmo is owned by PayPal and just followed the parent company’s lead by allowing its users to access crypto. Mainstream platforms aren’t the only ones benefiting from the recent bull market. Investors and traders are doing well also, according to growing trading volume across the board.

Trading volume and new user registration on OKEx is soaring. To learn more about the report and all that OKEx has to offer, visit the official blog.

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Learn Why Whales are Buying Battle Infinity before ETH Fork

Learn Why Whales are Buying Battle Infinity before ETH Fork

3 hours ago
Bitcoin Price Breaking $25k Resistance Will Push These 3 New Cryptos to The Moon

Bitcoin Price Breaking $25k Resistance Will Push These 3 New Cryptos to The Moon

9 hours ago
3 Reasons the Ethereum Price is Moving to $3k and New Cryptocurrency Battle infinity is Moving to $1

3 Reasons the Ethereum Price is Moving to $3k and New Cryptocurrency Battle infinity is Moving to $1

23 hours ago
NFT Card Game Emergents TCG Launches In Beta With Exclusive Super Booster Packs

NFT Card Game Emergents TCG Launches In Beta With Exclusive Super Booster Packs

1 day ago
Arker: The Legend of Ohm’s P2E Game Metaverse Is Evolving Into An Immersive 3D World

Arker: The Legend of Ohm’s P2E Game Metaverse Is Evolving Into An Immersive 3D World

1 day ago
Crypto’s Dominance Across Africa Shows No Signs Of Slowing

Crypto’s Dominance Across Africa Shows No Signs Of Slowing

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.