DUBAI, UAE, June 24,
2024 /CNW/ -- 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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SOURCE Bybit