How Many People Are Really Trading Cryptocurrency?
According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.
At the same time, some are questioning the legitimacy of this data, contending that it may be exaggerated or overblown. With individual and institutional investors alike flooding into crypto markets, now is an excellent time to evaluate the trading landscape and to consider how crypto trading really gets done.
Although cryptocurrencies are a compelling investment opportunity with the potential for creating robust returns, many traditional financial loyalists are incredulous of their efficacy. For instance, several mainstream institutions offer crypto-related investment products, but buying and selling cryptos is still restricted to crypto exchanges.