Kraken Australia Crypto Report: Prefer Trading SOL Over ETH
On July 9, crypto trading platform Kraken said Tuesday that it has conducted an analysis of millions of Australian wallets, revealing trends in user trading behavior and asset preferences in the region.
Analysis shows that Bitcoin remains the most actively traded cryptocurrency by Australian users, accounting for 27% of all trading volume in the country between May 2023 and May 2024, slightly above the global average of 26%. SOL also gained traction, accounting for 10% of trading volume, compared to 7.8% globally. ETH came in third, accounting for 9.6% of trading volume by Australian customers, slightly below the global share of 9.9%.
According to a recent analysis conducted by the website Finder, the country's preference for digital assets remains high. Among the 26 million population, 17.7% own cryptocurrencies. This figure is much higher than the global average of 11.4%