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.
How TradFi and DeFi Convergence Shapes the Future of Finance: Cryptoโs Role
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24
Fintech Talent in the UK: The Human Factor Driving Industry Change ๐
What does it take to attract, retain, and upskill the best fintech talent in todayโs rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industryโwithout replacing the human touch.
#fmls #fmls24 #fmevents #recruitment #financialcareers
๐ฃ Stay updated with the latest in finance and trading!
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Fintech Talent in the UK: The Human Factor Driving Industry Change ๐
What does it take to attract, retain, and upskill the best fintech talent in todayโs rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industryโwithout replacing the human touch.
#fmls #fmls24 #fmevents #recruitment #financialcareers
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano | Innovate Finance | FMLS:24
Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation
๐ฃ Stay updated with the latest in finance and trading!
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Executive Interview with Roberto Politano from Innovate Finance at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation
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#fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone
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#fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone
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