It is North American investors who have been the bigger winners in the 165% rally this year. Weekly net inflows of bitcoin - a proxy for new buyers - to platforms serving mostly North American users have jumped over 7,000 times this year to over 216,000 bitcoin worth $3.4 billion in mid-November, data compiled for Reuters shows. Others also point out that cryptocurrency trading is highly opaque compared to traditional assets and patchily regulated, making comprehensive data on the emerging sector rare. Nonetheless, Chainalysis found North American trading volumes at major exchanges - those with the most blockchain activity - had eclipsed East Asia's this year. By comparison, a year before, East Asia led the way with 1.3 million a week versus North America's 766,000.

Source: bd News24 December 03, 2020 06:56 UTC