Binance Research analytical department published an institutional analysis of the market for the second quarter of 2019. According to the study, 56% of institutional and VIP clients invest in cryptocurrency in the long term.
According to an article published by Binance Research, among the major institutional clients of Binance, more than half said they usually hold positions for more than a week. However, only a third of investors said they would participate in high-frequency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details and other market strategies.
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Almost all respondents also said that they use stable coins for various functions, such as trade and storage. Not surprisingly, the USDT has become a stable coin, but PAX and USDC are also widely used. Among the alternatives, USDT, USDC proved to be especially popular among non-Chinese customers, while Chinese customers prefer PAX. However, several of the traders surveyed indicated that they are currently looking for alternatives for USD Tether (USDT) with similar liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details characteristics.
More than 100 institutional and VIP clients participated in the survey. Questions were emailed, and data was collected anonymously. More than half of the traders decided to take part in the survey, although the company considered only information from those who answered more than 30% of the questions. As a result, 41 institutional and VIP traders were selected for the study.
According to Binance Research, 56% of VIP traders invest with a long-term perspective. Recall that yesterday Binance Academy was told about a new type of cryptocurrency fraud – a dust attack.
Editor: Godfrid Brower