Australians look like buying and selling on curiosity and tradition as a lot as conviction, in keeping with a brand new evaluation by crypto alternate Kraken.
The corporate’s newest pockets report, primarily based on an anonymized dataset masking tens of millions of wallets between August 2024 and August 2025, reveals Australians leaning closely towards Ethereum and smaller tokens whereas decreasing publicity to Bitcoin and older altcoins.
For the typical Australian pockets, Ethereum takes up roughly 33% of the cache, almost double the worldwide ratio of 19%. Bitcoin stays essentially 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 typical 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, may be extra about client psychology.
Kraken’s report reveals Australians are a bit extra doubtless 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 reminiscent of PumpFun.
Australian crypto buyers are additionally considerably extra engaged in meme cash reminiscent of 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 would possibly learn as proof of the market’s immaturity.
“I believe 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 stated.
In the case of crypto investing, such an angle may translate right into a “readiness to have interaction with new and unconventional belongings,” he added.
“Aussie tradition and sense of humour could play into our propensity to have interaction with meme coin choices simply as a lot as potential beneficial properties. Many see these tokens as a low-stakes solution to have interaction with crypto communities and tendencies,” he stated.
That stated, Miller cautioned towards making generalizations. “It is all the time a bit harmful to attempt to extrapolate issues like person intentions from the chilly knowledge of common pockets evaluation,” he stated.
In Might, figures for international adoption had been revealed by crypto alternate Gemini, displaying that the majority 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 consumers ranked second for a similar stat by a slender margin.
