JP Morgan surveyed more than 4,200 institutional traders as part of its eTrading survey. Seventy one percent had no plans to trade cryptocurrencies, down from 78% last year. The number of active traders increased to 13% (9% in 2024).
The increase in active traders makes sense as it coincided with the launch of U.S. Bitcoin ETFs in January 2024, as well as an upswing in crypto prices – Bitcoin rose by more than 120% between the start and end of 2024. By contrast, 2023 was the post FTX recovery period.
The question regarding the importance of various technologies showed that artificial intelligence extended its dominance, followed by APIs. Blockchain is still a distant third selected by 6%, down from 7% last year.
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