Worldwide Retail Trading Increasing
The trading activity amongst retail clients has remained steady throughout the summer. This is shocking, considering that this is often a slow time for digital currency exchanges. However, a growing trend of worldwide access to the cryptocurrency and blockchain industries has allowed for significant growth. Before 2019, on average there’d only be 170.2 Transactions per month by active traders. This number has jumped to 315.1 Transactions per month. This is due to continuous growth for a full year. Even the countries with the lowest trading figures globally have seen a substantial Retail Trading Increases. These projections indicate that by October, trading volumes will be the highest ever seen.
We are witnessing financial history, with the first genuine worldwide trading market for average individuals and professional clients alike. There is still a chance that the popularity of digital currencies could diminish, but at this point, this is highly unlikely, even with growing product intervention measures for regulators in Europe, Asia, Africa and North America.
The amount of money that professional and retail clients were trading was substantially higher as well, jumping by more than $500 per trade. Typically in the summer, trades range around $2,019.00. However, in 2019, that number dropped to $2,593.20. This indicates that not only are more traders active on exchanges but the funds their trading and withdrawing are growing as well.
Data analysis and objective information in the world of digital currency. The sources for which these retail clients acquire their knowledge has become crucial, with new sources popping up regularly. This has resulted in a substantial increase in false information spreading around social media on cryptocurrencies and forex trading. Exchanges have faced significant problems overcoming this incorrect information and have had to create their own data analysis services for in-house retail clients or traders. There have even been formidable news websites like Finance Magnates that has created new projects that look to provide accurate information to digital currency traders worldwide.