The Traditional Market is Where It’s At for Crypto Traders This Year

2020 has certainly been a different kind of year to any in recent memory, with the dramatic events of the coronavirus pandemic having a significant impact on society as a whole throughout the world, as well as a global economy.

Both the cryptocurrency market and the traditional asset markets have been shaken up in the first half of 2020, and as a result we have seen an unexpected trend of large numbers of cryptocurrency investors selling their positions in the crypto market in order to invest in traditional assets.

We’re taking a look at the reason for this, the effect that the coronavirus has had on the world economies, and a platform that has come out on top in this situation.

What’s Changed in 2020?

In late 2019 the coronavirus was first reported to have appeared in China and by early 2020 it has spread to almost every country in the world.

In order to try to stem the spread of the virus, countries around the world shut their borders and locked their citizens down in their houses for months.

This meant that as a direct result the economies of the world suffered significantly and saw huge downturns as well.

Why are the Traditional Markets More Attractive Than Crypto Right Now?

The crash that was seen in global markets were seen in both in the cryptocurrency market and in traditional markets such as stock markets and forex markets.

The big difference between these two sectors was that the cryptocurrency market recovered significantly to even higher than pre-crash levels, whereas traditional markets remain largely oversold.

This has presented an opportunity within traditional markets for cryptocurrency investors to transition their funds into largely oversold traditional assets in expectation of a recovery.

What Has Been the Response from Traders and Investors?

As a result of this, many cryptocurrency investors have indeed sold their positions in the cryptocurrency market and have invested into traditional assets instead.

This has seen a widespread influx of investment into traditional assets from cryptocurrency investors, and throughout this period traders have searched for trading platforms that could facilitate the transfers from crypto to traditional assets.

One platform that has come out on top in this situation has been the world's leading multi-asset margin trading platform, PrimeXBT.

Why Has PrimeXBT Seen Such High Growth in 2020?

PrimeXBT has seen unprecedented growth over the past few months in both users and trade volume.

This has been because the platform provides direct access to both the cryptocurrency market and the traditional asset markets, allowing traders to easily and quickly switch funds between them.

PrimeXBT lists a wide range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as a wide range of traditional assets that include stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and forex pairs such as EUR/USD and AUD/CAD.

Other Benefits of PrimeXBT

Another reason the cryptocurrency investors have chosen PrimeXBT over other platforms is because of the fact that PrimeXBT has the lowest fee schedule of any major cryptocurrency trading platform in the industry 0.05%.

As well as this, PrimeXBT provides high levels of trade volume on all assets as a result of its aggregated liquidity system which sources liquidity from 12 separate providers.

Also an account on PrimeXBT can be set up in just two minutes with only an email address being required, and no requirement to provide invasive personal information.

Final Thoughts

The coronavirus pandemic has had a significant impact on all financial markets, but while the cryptocurrency market has recovered, the traditional asset markets of the world still have not.

Cryptocurrency investors have sold their positions in the crypto market en masse and transitioned their funds into the traditional market, expecting the opportunity to generate significant amounts of profit in doing so.

To learn more about the platform that many cryptocurrency investors are currently using to manage the multi-asset investments, check out PrimeXBT.