User type of cryptocurrency services providers in various regions worldwide in 2020 (in millions)

Cryptocurrency services in Europe and North America had relatively less retail clients than in other parts of the world in 2020. North American and European cryptocurrency firms such as trading or wallets mentioned that year that an average of ** and ** percent percent of their clients, respectively, were private individuals. This is a contrast to Asia Pacific, where ***** out of four clients consisted of individual clients. Institutional investors - such as crypto hedge funds, online merchants or miners - made up an average of roughly ** percent of the client base of cryptocurrency services in Asia Pacific, against ** percent in both North America and Europe.