Leading United States-based cryptocurrency exchange Coinbase has published a study providing detailed insights into how its users responded to the vehement crypto market crash suffered on March 12.

While many in mainstream markets were panicking equally President Trump'south travel ban sent shockwaves across the global economy, crypto traders on Coinbase were mobilizing funds to buy the dip, according to a study published March 31.

Retail traders on Coinbase rally to buy the dip

Coinbase'southward retail platform saw "record-breaking" trading activity throughout the 48 hours during and subsequently the aggressive slump compared to its 12-month averages.

Bitcoin (BTC) was the nearly-traded crypto asset during the crash, with Coinbase estimating full BTC trading was half-dozen times the average during the crash — fuelled by three and a half times the average number of active traders and a purchase-ratio of 69%.

Ether (ETH) was the 2nd-most pop cryptocurrency during the dip, with 5 times the boilerplate number of ETH traders driving a seven times increase in volume with a 67% buy-ratio.

All other altcoins combined also saw a seven times increment in trade driven by five times the typical number of traders on boilerplate — with XRP, Tezos (XTZ), Chainlink (LINK), Litecoin (LTC), and Bitcoin Cash (BCH) cited amidst the most pop markets.

Crypto crash bulldoze increase in buying pressure

$i.iii billion in fiat and cryptocurrency were deposited onto Coinbase amongst the sell-off, comprising five times the typical average.

The influx of capital was accompanied by double the usual number of new-user signups, and triple the typical number of active traders. In total, the surge in user activity drove merchandise volume equating to 6 times the average.

Coinbase also notes a more than than 10% increment in buying pressure relative to selling — with buyers representing 67% of all trading activity, upwardly from sixty% typically.