Pioneering crypto asset BitcoinThe 25% increase in the last month indicates that retail investors tend to return to crypto markets. In particular, interest in retail trading apps like Robinhood and Coinbase is reportedly growing.
According to the Bloomberg report, small-scale investors, crypto- They are starting to show interest in their markets again. However, the participation levels of the past bull market have not yet been reached.
robinhood and Coinbase have announced positive earnings reports in the past few weeks. Coinbase, in particular, stated that there was an increase in revenue and number of users, causing its share price to rise. This shows that retail investors are starting to trust crypto markets again and their interest in major exchanges is increasing.
“There are signs that the retail crowd is starting to return to the market,” Kyle Doane, a trader at Arca, told Bloomberg. “But not yet as much as the last bull market… Even crypto stocks like COIN and miners are more volatile than many tokens,” he noted.
Oppenheimer & Co. analyst Owen Lau said: “We have only reached 16% of the last peak retail volume. “With money returning from bankrupt organisations, there is potentially a lot of room to run,” he said.
coinbase CFO Alesia Haas also told Bloomberg that the firm sees “good momentum factors,” noting that the Bitcoin halving planned for April, which will halve miners’ BTC rewards, has historically resulted in greater retail participation and growth.
