North American Investors Vastly Favor Bitcoin Over Other Cryptocurrencies.

North America-based institutional investors tend to buy and hold cryptocurrency more than those based in East Asia.

Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says.

On Aug. 6, major crypto analytics firm Chainalysis published a report devoted to key trends in the North American crypto market. According to the report, North American investors “disproportionately favor Bitcoin” over other cryptocurrencies like Ether (ETH)

While Bitcoin is the most traded crypto in the world, North America accounts for 72% of all of the asset’s transaction volume, the report says. In comparison, in regions like Africa and Western Europe, Bitcoin trading activity amounts to 69% and 66%, respectively.

North America-based professional and institutional investors are also among the biggest crypto hodlers around the world. According to the report, North American investors tend to buy and hold cryptocurrency more than those based in East Asia, whose trading intensity is significantly higher.