Binance.US CEO: “Asia Flocks to Crypto During the Coronavirus Crisis”

There are not too many upsides to the coronavirus crisis. In the cryptocurrency world, it seems as if Asian traders are suddenly paying attention to Bitcoin and top altcoins again.

The impact of the coronavirus outbreak cannot be underestimated.

Coronavirus Fears Crate Volatile Markets

It has wreaked havoc on the financial markets all over the world.

Even cryptocurrencies are under a lot of pressure, with most of them losing over 40% in value.

Despite this setback, Binance.US’s Catherine Coley has found something to be excited about.

In her opinion, the coronavirus crisis increases crypto trading volume coming out of Asia.

All of this was shared during a Bloomberg interview last week.

Unlike traditional markets, cryptocurrencies offer some advantages.

Related Post

They can be traded all day long, even during the weekend.

However, it requires centralized exchanges to not go offline or struggle to provide services.

The current price for Bitcoin and top altcoins also makes them far more affordable.

That can also contribute to a growing demand for crypto assets coming out of Asia.

Continuing this trend will be the main order of business.

It would appear that the overall negative market sentiment is not going away anytime soon.

All stock markets are poised to drop lower, and Bitcoin’s price is on the decline as well.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

A Guide to Authentication Methods (Infographic)

Stolen passwords and weak passwords are responsible for over 80% of security breaches in 2018,…

3 weeks ago

How To Boost FPS and Reduce Input Lag in Fortnite

One of the most common questions I get is how I can optimize FPS in…

3 weeks ago

Insane! Science Backed Method To Train Your Mouse Aim For FPS Games

If you are looking to improve your aim for your favorite competitive FPS title, chances…

1 month ago

Find Fortnite Clan – A Directory of Top Fortnite Clans

Are you looking for a Fortnite clan or team to join? Chances the answer is…

1 month ago

Find Valorant Clans and List Your Own Team for Free

Now that Valorant has been out for quite some time, the players that are looking…

1 month ago

The Lonliness Economy

Chronic loneliness can shorten lifespan by as much as 20 years - more than alcoholism…

2 months ago

This website uses cookies.