Cryptocurrency trading is becoming an increasingly popular activity that involves buying and selling cryptocurrencies on online trading platforms. Although a relatively new and constantly evolving financial market, cryptocurrency trading offers great profit-making opportunities for those with a good understanding of the market and an effective trading strategy.
However, due to the high volatility of cryptocurrency prices, it is also considered a high-risk investment. This guide aims to give you all the tips to get started as a day trader in cryptocurrencies and outline just how cryptocurrencies have developed, a mere 16 years after its inception.
The Figures and StatisticsIt is said that 562 million people actively own cryptos in 2024. Thats 33.8% more than in 2023, which was when the number was only at 460 million. New studies show the evolving financial landscape and the growing adoption of digital assets.
With a compound annual growth rate (CAGR) of 99%, new cryptocurrency holders are significantly outperforming traditional payment methods such as American Express and others with a CAGR of only 8% between 2018 and 2023.
A fintech company, whose mission is to provide access to cryptocurrencies among professionals thanks to its bridge app, has revealed one of the most interesting studies for 2024.
