Coin Metrics Unveils Global Crypto Trading Trends with Regional and Seasonal Insights
Coin Metrics’ latest report examines global cryptocurrency trading trends, revealing key regional and seasonal patterns.
It highlights the “Kimchi Premium,” where South Korean bitcoin prices exceed global averages due to local demand and capital controls. The report shows how exchanges like Bithumb and Upbit peak during East Asian hours. While Binance sees higher activity during European hours.
Additionally, assets such as XRP and ADA are more actively traded in East Asia, while Bitcoin and Ethereum dominate U.S. and European time zones. The findings also spotlight stablecoins like Tether, which see significant activity in Europe, and the resurgence of tokens like XRP, driven by regional and regulatory factors.
Clever Robot News Desk 13th December 2024
