The sudden explosion of Coronavirus cases hasn’t seemed to have had an impact on the trading of cryptocurrency exchanges. Considering their penchant for being high-risk, this is somewhat surprising due to their volatility.
Global blockchain asset exchange platform Gate.io’s CMO, Marie Tatibouet stated in a recent interview “Even though 80 percent of our users are based in Asia, we haven’t seen a substantial decrease in our trading activities since the coronavirus outbreak. Our facilities and backend processes are running smoothly, which is why none of the user trading requests have been affected. In fact, there has been a surge in our overall trading volume due to the recent Bitcoin growth.”
Tatibouet expanded on her comments stating, “However, due to the cancellation of some of the blockchain conferences and events in Asia, there is a slowdown in the overall community interaction. This would definitely affect companies that had their marketing efforts planned ahead of time.
With that said, there still has been an increase of chatter in bitcoin/crypto circles about the Coronavirus with many questioning what is actually is. This includes users putting up posts asking if they think the Coronavirus means “We’re “sky is falling” types/prophets of doom”, “We’re more hedging-macro-risk oriented” and “Belief that BTC can/will act as safe haven” This saw 21% of respondents believing the Sky is falling and 34% believing all apply.