29 May Revolut data reveals crypto trading trends during lockdown
Today Revolut, the Financial Super App with over 10 million customers in the U.K and Europe, reveals figures outlining how the cryptocurrency market has changed on a week by week basis during the lockdown period.
The proprietary Revolut data has been gathered from the 3 million Revolut customers in the U.K who have used Revolut’s cryptocurrency trading service, which allows users to buy and sell Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).
Crypto trading habits mirror consumer confidence
Revolut’s data shows that from 16th to 30th March a significant drop occurred in both the average amount of crypto bought by UK users per week (-58% from £541.05 to £229.29) and the average amount per crypto trade (-52% from £281.80 to £133.79) as lockdown measures came into place and uncertainty, particularly around finances, increased. As lockdown continued, interest in cryptocurrencies remained relatively stable until the…