Digital and Forex Currencies
Foreign Exchange Committee Survey 2023
These are the results of the 38th Survey of North American Foreign Exchange Volume by the Foreign Exchange Committee.
The FX Volume Survey 2023 by the Foreign Exchange Committee at a glance:
■ Average daily volume was down from the October 2022 survey in all categories (spot, swap, and OTC options by 10.6%, 1.9%, and 19.4%, respectively) except for forward transactions which increased by 3.2%.
■ Turnover declined across all counterparty types: volumes reported by “Reporting Dealers” were down 7.1%, volumes by “Other Dealers” were down 9.8%, volumes by “Other Financial Customers” were down 2.6%, and volumes by “Nonfinancial Customers” were down 2.4% since October 2022.
PwC 2023 Crypto Report
PWC Global Crypto Hedge Fund Report (2023)
The annual PwC crypto report is produced together with CoinShares and the Alternative Investment Management Association (AIMA). The report presents findings from two separate surveys:
(i) Traditional hedge funds survey
(ii) Crypto hedge funds
The PwC report at a glance:
- The number of traditional hedge funds investing in crypto fell to 29% (37% in 2022)
- Traditional hedge funds don’t plan to decrease their exposure in the crypto market
- 23% of traditional hedge funds are reassessing their crypto strategy due to the regulatory environment in the US
CFD Trading Tutorial
CFDs offer the opportunity to trade in any financial market with low deposit requirements. You can trade thousands of shares, tens of stock indices, hundreds of Forex pairs, many cryptocurrencies, most precious metals, and most energy assets via MT4 or a web trading platform,
CFDs allow investors to trade in both directions Forex, equity, and commodity assets. » Opening a CFD Account
(1) Trading the Foreign Exchange Market using CFDs
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Forex Majors (EURUSD spread usually starts at 1.1 pip)
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Forex Minors (higher spreads)
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Forex Exotics (considerably higher spreads)
Opening a CFD Account
There are many factors to be considered when opening a CFD account. Safety of money and the broker's competitiveness always come first. In addition, the fund methods, the asset index, and the available trading platforms are also important to all CFD traders.
CFDs Trading
CFDs trading allows investors to trade the direction of a financial asset over the short term. CFDs are simple to use and are especially popular for trading Forex, equity, and commodity products.
Key tips when opening a CFD Account
(1) Safety of funds is a top-priority issue
When trading online the safety of your funds is priority number one. Before opening an account make sure that your CFD broker is regulated and based on a reliable county. Traders can take advantage of the live chat service on each broker's website to answer all their questions. Even CFD brokers domiciled in offshore countries should offer a segregation between corporate funds and client funds.
GATE IO REVIEW
GATE IO Exchange Review
REVIEW AT A GLANCE
■ TYPE: SPOT EXCHANGE OFFERING P2P & LEVERAGED PRODUCTS
■ WALLET: COLD STORAGE & HOT WALLET
■ HEADQUARTERS: CAYMAN ISLANDS
■ ONLINE SINCE: 2013
■ CUSTOMER SERVICE: EMAIL | LIVE CHAT | TICKETING SYSTEM
■ WEBSITE LANGUAGES: 15
INTRODUCTION TO THE GATE IO EXCHANGE
GATE IO is a fully-featured crypto exchange covering the needs of every modern crypto trader. You can trade on spot or P2P, use complex leveraged products, stake cryptocurrencies, copy and trade the positions of others, and even buy NFTs. in addition, the exchange offers very interesting market analytics to all traders for free.
Forbes Crypto Report
Forbes Crypto Report (August 2022)
The following crypto market report by Forbes involves 157 crypto exchanges and was released in 26th of August 2022.
Key Points from the Forbes Report
- Over 570 million people visit crypto exchange websites on a monthly basis
- About 14% of all adult Americans (an estimated 46 million people) own BTC
- Only half of all reported BTC trading volume is real. The real daily BTC volume is around $128 billion
- Binance with a 27% market share and their stablecoin Tether (USDT) are leading the crypto market