Gemini Eyes Asia-Pacific Markets As US Regulatory Pressure Mounts
• Gemini is looking towards the Asia-Pacific markets for growth, as regulatory pressures in the US intensify.
• Recent developments such as BlackRock’s Bitcoin ETF filing and an institutional crypto exchange launch have triggered a wave of institutional interest.
• On-chain metrics like Bitcoin liveliness are low, indicating a lack of market volatility despite the current events.
Gemini Expands Into Asia-Pacific
Gemini, a US-based cryptocurrency exchange, is turning its focus to the Asia-Pacific region due to increasing regulatory pressures in the US. The move comes as institutions continue to show increased interest in digital assets, with recent developments such as BlackRock’s filing of a Bitcoin Exchange Traded Fund (ETF) and an institutional crypto exchange launch backed by Fidelity, Schwab, and Citadel.
Institutional Interest Growing
The wave of institutional interest has been met with enthusiasm by regulators and exchanges alike. Deutsche Bank recently applied for a digital asset custody license in Germany while McKinsey estimates that generative AI could add $4.4 trillion to global economy annually. However, on-chain metrics such as Bitcoin liveliness remain low despite these events, suggesting there is little market volatility at present.
Hodler Behavior During Stable Prices
The lack of volatility has prompted some to question whether investors are “hodling” their coins or actively trading them during extended periods of price stability. In order to gain insight into this behavior, analysts can turn towards on-chain metrics like Bitcoin liveliness which serves as a barometer of activity levels within the network.
What Is Bitcoin Liveliness?
Bitcoin liveliness refers to the amount of time since coins last moved between wallets or addresses on the blockchain network. Since coins that remain static over longer periods indicate hodler behavior, high levels of liveliness suggest that people are more likely to be trading rather than holding their assets long term – regardless of price movements.
As Gemini looks towards the Asia Pacific for growth opportunities amid intensifying regulatory pressures in the US, institutional investors continue to show strong interest in digital assets with recent developments such as BlackRock’s filing for a Bitcoin ETF and an institutional crypto exchange launch backed by Fidelity, Schwab and Citadel respectively. Despite these events however, on chain metrics like Bitcoin liveliness remain low indicating little market volatility at present – suggesting that investors may be “hodling” their coins rather than actively trading them during extended periods of price stability