As institutions unload bitcoin (BTC) along with stocks as part of the coronavirus-driven global sell-off, cryptocurrency's traditional base retail investors is doing most of the buying, market participants said.
And while pricing screens may still be flashing red, business is brisk at many trading platforms.
"We've already done more volume in March than all cumulative volume previously," said River Financial CEO Alex Leishman, head of a bitcoin-centric brokerage in San Francisco that launched three months ago. "About 20 percent of all of our clients have signed up this month. ... We're seeing record interest from first-time bitcoin buyers."
