- Home >> Features >> Technology
Retail investors flee Bitcoin causing prices to recede
- Monday | 10th December, 2018
Bitfinex trading volumes climbed 38 percent in November, which the firm attributes to traditional investors with roots in high-frequency trading opening accounts since March. As retail punters fade away, volumes have soared at exchanges such as Bitfinex that are favoured by bigger investors. Circle’s Chief Marketing Officer Marieke Flament said the focus on bitcoin often obscures advances being made in other areas of cryptocurrencies. Likewise, there are few ways to accurately break down the profile of investors in the crypto market. “You’ve got the larger exchanges picking up the slack and making gains of market share, with retail exchanges stepping back,” said CryptoCompare’s Charlie Hayter.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
