BIS Study Reveals Crypto Flow Drivers: Geography Less Important Than Volatility

The Bank for International Settlements (BIS) has published a new study analyzing cross-border cryptocurrency flows in 184 countries, revealing key insights into the drivers behind these transactions. The paper, titled ‘An Empirical Analysis of Cross-Border Bitcoin, Ethereum and Stablecoin Flows,’ sheds light on how factors like market volatility and credit spreads impact crypto markets more than geographical distance.