Home Business Crypto account openings hit 4.26 lakh, retail traded up to 69 billion

Crypto account openings hit 4.26 lakh, retail traded up to 69 billion

by news dir

The SEC reveals the global digital asset market last week was $2.63 trillion. Daily trading fell to $98.54 billion, ‘Bitcoin’ returns still up +113.82%, ‘Ethereum’ +472.75% last week, traded at 97 billion baht. Account openings increased by 4.26 lakh accounts, most of the trading value still comes from domestic retailers at 69 billion baht. The highest trading is between 10:00 PM and 11:00 PM.

On October 30, 2021, the Securities and Exchange Commission (SEC) reported digital asset market conditions that last week, the global digital asset market. It has a market cap value of approximately 2.63 trillion US dollars. Up from $2.46 trillion from the previous week, more than 45.48% came from Bitcoin and had a daily trading volume of $98.54 billion. Down from the previous week at $104.30 billion (Source: coinmarketcap 25 Oct. 21).

It was found that digital assets have high returns compared to gold and oil securities. This week’s Ethereum value also delivered the highest return in the asset class +472.75%, up from the previous week’s +411.56%, followed by XRP at +357.59%, up from the previous week’s +. 353.69% for Bitcoin (Bitcoin) Over the past week, returns jumped to +113.82%, up from the previous week’s +109.80%.

While the return on oil (Oil) is at +72.63% and gold (Gold) is at -4.79%, the digital asset price still has a lot of risk and volatility compared to the Thai stock price (SET INDEX) that yields results. The return is +12.75% (Source: Bloomberg 25 Oct. 21)

However, the turnover continues to rise in line with the price trend of the cryptocurrency market. It was found that Bitcoin and Ethereum increased less than other cryptocurrencies, and therefore began to diversify the trading value of the coins.

For the past week, the trading volume was at 97 billion baht, an increase of 71 billion baht from the previous week, while the number of trading accounts of natural persons in the country continued to change in line with the direction of the market price. It was found that after the peak trading account period in May, the number of accounts has decreased. and began to return to see the number of accounts increase in the month Aug. according to market conditions

Last week, 4.26 lakh accounts were opened, an increase of 3.7 hundred thousand from the previous week, while most of the trading value still comes from domestic retail investors. The trading value last week stood at 69 billion baht, an increase of 50 billion baht from the previous week.

Foreign legal entities are still the group with the highest average turnover per account. The average trading value last week was 252.38 billion baht, an increase of 186.76 billion baht from the previous week.

In September, domestic individuals returned to net purchases since June, while other traders had net sales. However, in October, domestic individuals had net sales. while foreign juristic persons had an increase in net purchases.

The trading of digital assets takes place 24 hours a day. The highest trading is between 22.00 and 23.00 (data as of 25 Oct. 21).

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