Small investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago.
At the biggest US crypto exchange, Coinbase Global Inc., net consumer transaction revenue rose 60% in the fourth quarter from the yearago period, and 80% over the third quarter, according to shareholder letter released Thursday.
At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped by 242% from a year ago, the company said.
These are just the latest signs that mom-and-pop traders, who lost billions of dollars after crypto-price collapse in 2022, may be starting to come back, thanks to the exuberance surrounding the January launch of US exchange-traded funds (ETFs) investing directly in Bitcoin. The price of Bitcoin more than doubled last year amid the hoopla, and the lure of even bigger gains is making some consumers forget just how volatile crypto can be.
"There are signs that the retail audience is starting to get back into the market, but not nearly to the extent of the last bull market yet," said Kyle Doane, a trader at Arca.
この記事は Mint Mumbai の February 19, 2024 版に掲載されています。
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この記事は Mint Mumbai の February 19, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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