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Crypto market facts

Are you new to the market? Would you like to know more about the cryptocurrecnies? Here are 8 interesting facts about them!

1. Cryptocurrency trading is illegal in some countries and unregulated in most

2. To trade crypto, all you need is an internet connection and a few dollars that you can transfer to a digital asset exchange

3. A large portion of daily crypto trading takes place using perpetual futures contracts on bitcoin as opposed to spot bitcoin

4. OTC (over-the-counter) trading volumes are said to exceed exchange-traded volumes by several multiples

5. Early adopters – often referred to as “whales” – are among the biggest market participants in crypto

6. Blockchain-powered central bank digital currencies (CBDCs) have become a hot topic

7. Over a dozen central banks across the globe are considering issuing central bank digital currencies

8. China will most likely become the first country to issue a CBDC