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.
Breaking: Binance's Changpeng Zhao Handed Four Months in Prison
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 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:
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 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!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 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
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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