Majority of bitcoin retail investors lost money in the last seven years: BIS

The major crypto debacles of 2022 caused a spike in retail crypto trading, new data from the Bank for International Settlements suggests. However, the data suggests that large investors sold their assets at the expense of smaller investors attempting to diversify their assets following moments of crisis.

“These patterns highlight the need for better investor protection in the crypto space,” the report from BIS, an institution that financial regulators use as a resource to inform their own thinking, concludes. The Swiss-based bank for central banks reiterated previous calls for global coordination in regulating digital assets, and warns against increased exposure to the global financial system. 

Read more: The Block