RATE Group | Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only…
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Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only…

19 May Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only…

Posted at 23:11h in Bitcoin News by

Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital asset.

75% of Coinbase Customers Eventually Buy Other Digital Assets Rather Than Bitcoin

Coinbase has recently released interesting data on the purchasing of bitcoin (BTC) and alternative digital assets. The company that started in 2012 is one of the most popular cryptocurrency exchanges and is the largest worldwide by reserves held. The recent report dubbed “Bitcoin’s dominance alongside Coinbase customer behavior” indicates that customers who leverage the exchange still enjoy purchasing altcoins other than BTC.

“Among customers with at least 5 purchases, 60% start with Bitcoin but just 24% stick…

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