Okcoin announced that during the last twelve months its number of active clients increased by 3,250%. This positioning of the platform seems to respond to the increase in user interest in exchanging bitcoin and other cryptocurrencies.
During the last year, the cryptocurrency exchange increased its share of 2,800%. daily active retail users , as found by PRNewswire. Some of the reasons may have been the increase in value of bitcoin and the reduction of commissions that Okcoin established in March of this year through the Lightning network.
Since its founding in 2013, the Okcoin exchange has achieved around 100,000 clients with a presence in more than 190 countries. Most of its users are retail investors, although it also offers services for institutions that want to make capital movements in large volumes.
The number of institutional investors grows
As cryptocurrencies have gained more notoriety in the investment market, the demand for organizations interested in entering this ecosystem has grown. Okcoin reported that the last year had a 450% growth of corporate investors and an increase of 124% in the volume of institutional trade.
The Okcoin exchange stated that the leading cryptocurrencies Older ones, like bitcoin, continue to dominate institutional purchases of altcoins . Although over the last year, you have seen a growing demand for younger assets. An example of this is MiamiCoin (MIA), which became the fourth most popular of institutional investments in the third quarter of the year.
Globally, Institutional investment in bitcoin has exceeded $ 70 billion , according to data published by Buy Bitcoin Worldwide. This sum of money is distributed in money accumulated in this cryptocurrency and also in bitcoin exchange-traded funds, better known as ETFs. In fact, in the United States, a competitive ETF price battle has begun to win the interest of large capitals.
Organizations have shown a growing preference for both stablecoins as per the native decentralized finance protocols (DeFi) in Okcoin. As CriptoNoticias reported, DeFi platforms have exceeded USD 20 billion in deposits this year, a figure that represents a growth of 34,000% during 2021. The largest number of investors is concentrated in Europe.
