In short
Australian crypto merchants are diversifying their portfolios past Bitcoin, anonymized Kraken pockets information reveals.
Ethereum makes up 33% of Australian wallets, practically double the worldwide common of 19%, whereas Solana and meme cash seem extra usually in Australian portfolios.
Kraken’s Jonathon Miller says Australia’s “speculative streak” displays tradition as a lot as technique.
Australians look like buying and selling on curiosity and tradition as a lot as conviction, in line with a brand new evaluation by crypto change Kraken.
The corporate’s newest pockets report, primarily based on an anonymized dataset protecting tens of millions of wallets between August 2024 and August 2025, exhibits Australians leaning closely towards Ethereum and smaller tokens whereas lowering publicity to Bitcoin and older altcoins.
For the common Australian pockets, Ethereum takes up roughly 33% of the cache, practically double the worldwide ratio of 19%. Bitcoin stays probably the most generally held digital asset, with greater than 36% of Australian customers holding some BTC in comparison with about 34% globally, per Kraken’s findings.
But by worth, Bitcoin accounts for a smaller share of native portfolios, with the common BTC steadiness at AU$17,409, properly under the worldwide common of AU$29,830.
These numbers recommend Australian crypto holders are taking broader bets throughout decentralized finance and different ecosystems, spreading threat throughout newer belongings moderately than concentrating in Bitcoin.
Kraken attributes the shift to the nation being “extra densely populated with skilled merchants than different areas” it operates in.
Australia’s “speculative streak”
However the pattern’s underlying character, says Jonathon Miller, Kraken’s managing director for Australia, is likely to be extra about shopper psychology.
Kraken’s report exhibits Australians are a bit extra probably than international customers to carry Solana (13.79% vs. 11.93%), which spawns meme cash quicker than different chains, owing to the recognition of so-called meme coin factories corresponding to PumpFun.
Australian crypto buyers are additionally considerably extra engaged in meme cash corresponding to WIF, PEPE, BONK, and FARTCOIN, than the worldwide common, the Kraken findings present.
Miller attributes this to the Australian “larrikin spirit” at work: a cultural disposition towards irreverence and play, although one which some may learn as proof of the market’s immaturity.
“I feel it is honest to say Australians have all the time had a little bit of a speculative streak, we’re prepared to have a go,” Miller mentioned.
With regards to crypto investing, such an angle may translate right into a “readiness to interact with new and unconventional belongings,” he added.
“Aussie tradition and sense of humour could play into our propensity to interact with meme coin choices simply as a lot as potential beneficial properties. Many see these tokens as a low-stakes method to interact with crypto communities and tendencies,” he mentioned.
That mentioned, Miller cautioned towards making generalizations. “It is all the time a bit harmful to attempt to extrapolate issues like consumer intentions from the chilly information of common pockets evaluation,” he mentioned.
In Could, figures for international adoption had been printed by crypto change Gemini, exhibiting that almost all meme coin homeowners additionally maintain Bitcoin and Ethereum.
Some 31% of U.S. holders purchased meme cash earlier than going after different bigger cap belongings. Australian meme coin patrons ranked second for a similar stat by a slender margin.
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