Crypto trading and Bitcoin prices: evidence from a new database of retail adoption (Bank for International Settlements)

Bank for International Settlements: Crypto trading and Bitcoin prices: evidence from a new database of retail adoption. “We study the drivers of crypto trading app adoption using a novel database on the daily use of crypto exchange apps for 95 countries over 2015–22. We make this database available as a resource for researchers, policymakers and practitioners. We answer the following questions: do more people join crypto markets when the price of Bitcoin rises? If so, who are these new users? And what country characteristics matter more for crypto adoption?”

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