Home 2021 Retail Stock Traders are Quickly Moving into Cryptocurrencies

Retail Stock Traders are Quickly Moving into Cryptocurrencies

by Paul Ebeling

#CEX #DEX #DeFi #crypto #tokens #traders

The recent retail trading action has shown that trading platforms, brokerages and even exchanges can shut down aspects of the trade process without much notice.”– Paul Ebeling

Some retail traders realize the recent restrictions on stock buying on some trading platforms like Robinhood, are turning their attention to CEX and DEX (centralized and decentralized cryptocurrency exchanges respectively), helping to drive several of these exchanges’ tokens to new highs.

Last week GameStop (NYSE:GME) and and other stocks involved in a battle between a short-selling hedge fund and a Reddit group captured the imagination of the general public, a battle that drove these stocks’ prices higher and squeezed the short seller.

Now, some of that buying excitement has spilled over to crypto where CEX and DEX trading volumes have risen over the past wk, according to our data.

Activity in DeFi (decentralized finance) is growing quickly. Total January trading volume on DEXs soared to an all-time high above $50-B locked.

The Lucky Club is a Decentralized Finance (DeFi) initiative at the forefront of innovation in the Fintech realm the combines revolutionary blockchain technology with other proprietary protocols to allow investors and players to utilize traditional services such as brokerage, banking and investing but to also participate directly in generating a return on their money or staked assets in a way that was previously only available to Financial Institutions, It is the Ultimate DeFi Program, check it out.

Have a healthy day, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.