The most recent analysis by CryptoQuant reveals that decentralized exchanges (CEXes) are predominantly driven by retail crypto traders. These traders are mostly young, educated males with a minimum of three years of involvement in the cryptocurrency realm.
A portion of the report highlighted,
“Research indicates that cryptocurrency users are typically youthful, knowledgeable, and well-educated. The majority fall within the 25-44 age range, with a substantial 62% boasting at least three years of industry experience. Many invest less than $10,000 annually, underscoring the prevalence of retail investors.”
Binance Claims Top Spot in Global Utilization
With regards to global utilization, Binance emerges as the clear leader in CEX dominance, with over half of the survey participants citing it as their primary trading platform.
Furthermore, close to half of the respondents prefer to store their assets on Binance, signifying their trust and confidence in the platform.
Binance also emerges as the favored choice for full-time traders, closely trailed by Bybit and OKX. This preference can be attributed to Binance’s substantial liquidity, facilitating seamless trade entries and exits with minimal slippage costs.
The report highlighted Bitcoin [BTC], Ethereum [ETH], and AI tokens as the most frequently traded digital assets across various CEX platforms. Notably, BTC and ETH are expected to witness increased activity as market attention shifts towards pro-crypto policies under President Donald Trump’s administration.
It is essential to note the recent surge in interest surrounding AI technologies, particularly within the AI agent sub-sector, over the last few months. This escalating enthusiasm is fueled by speculations that Artificial General Intelligence (AGI) could become a reality in the near future, potentially cementing the dominance of AI technologies by 2025.