Search for Crypto.com in Google rose 333% days after the FTX turmoil.
Bybit and Bitfinex noticed the highest increase in overall trading volumes.
During the
first days after the FTX cryptocurrency exchange collapse, the retail investors'
interests mainly focused on Crypto.com and Gate.io platforms, according to the
recent study conducted by Trading Browers, a digital assets analytical tool.
FTX Collapse Boosted
Crypto.com and Gate.io Popularity
Trading
Browers examined which of the biggest cryptocurrency exchanges observed the
most increase in Google Search and trading volumes between 9 and 13 November
2022, in the early days after the meltdown of the FTX ecosystem.
According
to the study results, Crypto.com saw a staggering 333% increase in Google
searches and a 232% increase in trading volume in the reported period. Gate.io
also experienced a visible surge in search interest (+300%) and overall turnover
(+181%).
In
contrast, Bybit (+412%) and Bitfinex (+410%) experienced the most substantial
growth in trading volumes during the period, but their increase in search
interest was much lower, at 63% and 50%, respectively.
"The
ability of traders to quickly shift their focus to other exchanges or secure
wallets in response to market conditions showcases the adaptability and agility
of the cryptocurrency industry. The findings emphasize the importance of
staying on top of market trends and being able to pivot strategies quickly and
also offer valuable insights into the current state of the market and the
behavior of traders, providing investors with valuable information to make
informed decisions about their investments," the spokesperson for Trading
Browser commented.
Traders Move to More
Secure Wallets after FTX Turmoil
The study
finds that search results for more secure crypto storage also increased. On 13
November, searches for the phrases 'Hardware Wallet' jumped by 166%, while for
'Trust Wallet' and 'Ledger Nano X' by 104% and 175%, respectively.
This is
confirmed by data aggregated by Glassnode, a provider of on-chain analytics
tools. Following the collapse of FTX, Bitcoin investors moved coins into
self-custody wallets at the historically highest rate at 106,000 BTC per month.
Similar events have only been observed three times in the past.
Non-custodial
wallets, in contrast to custodial ones, are wallets where an individual uses
their own keys, and there is no involvement of any third party. Similar to
custodial wallets, non-custodial can be categorized into hot or cold. You can
read more about crypto wallet security and best practices here.
During the
first days after the FTX cryptocurrency exchange collapse, the retail investors'
interests mainly focused on Crypto.com and Gate.io platforms, according to the
recent study conducted by Trading Browers, a digital assets analytical tool.
FTX Collapse Boosted
Crypto.com and Gate.io Popularity
Trading
Browers examined which of the biggest cryptocurrency exchanges observed the
most increase in Google Search and trading volumes between 9 and 13 November
2022, in the early days after the meltdown of the FTX ecosystem.
According
to the study results, Crypto.com saw a staggering 333% increase in Google
searches and a 232% increase in trading volume in the reported period. Gate.io
also experienced a visible surge in search interest (+300%) and overall turnover
(+181%).
In
contrast, Bybit (+412%) and Bitfinex (+410%) experienced the most substantial
growth in trading volumes during the period, but their increase in search
interest was much lower, at 63% and 50%, respectively.
"The
ability of traders to quickly shift their focus to other exchanges or secure
wallets in response to market conditions showcases the adaptability and agility
of the cryptocurrency industry. The findings emphasize the importance of
staying on top of market trends and being able to pivot strategies quickly and
also offer valuable insights into the current state of the market and the
behavior of traders, providing investors with valuable information to make
informed decisions about their investments," the spokesperson for Trading
Browser commented.
Traders Move to More
Secure Wallets after FTX Turmoil
The study
finds that search results for more secure crypto storage also increased. On 13
November, searches for the phrases 'Hardware Wallet' jumped by 166%, while for
'Trust Wallet' and 'Ledger Nano X' by 104% and 175%, respectively.
This is
confirmed by data aggregated by Glassnode, a provider of on-chain analytics
tools. Following the collapse of FTX, Bitcoin investors moved coins into
self-custody wallets at the historically highest rate at 106,000 BTC per month.
Similar events have only been observed three times in the past.
Non-custodial
wallets, in contrast to custodial ones, are wallets where an individual uses
their own keys, and there is no involvement of any third party. Similar to
custodial wallets, non-custodial can be categorized into hot or cold. You can
read more about crypto wallet security and best practices here.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!