The recent Bitcoin bull run not only resulted in gains for the HODLers but also many new users entered the market. While some may feel comfortable with the tools currently available, there are still many issues. Let us address some of the problems beginners may face with cryptocurrency exchanges.
The work of any crypto trader is based on determining two points: when a cryptocurrency should be bought and when it should be put up for sale. In this article, we will look at the main strategies to use in trading.
Earlier this year, the crypto industry grew to proportions many did not think were possible, with the total market cap exceeding $2 trillion. Crypto trends like DeFi are stronger than ever, and 2021 even brought a new one — the NFT market. All of this combined started bringing in an entire army of new investors who kept pushing the figures further and further up.
The cryptocurrency industry is growing around the world, with the adoption still surging, even though the bull run that pushed it ended some two months ago, now. One surprising development, however, is the enthusiasm regarding coins like Bitcoin that African countries have expressed over the past several months.
The Financial Conduct Authority of the United Kingdom has issued out a memo warning traders against carrying out trading activities with over 100 cryptocurrency companies. According to the FCA, the companies mentioned have not undergone the required testing and have not registered as licensed service providers in the country. This recent news is coming off the back of the Ontario Securities Commission calling out Bybit and other cryptocurrency exchanges for failing to register their exchanges.
The popular KuCoin cryptocurrency exchange has added a new trading pair for HTR, the native asset of the Hathor Network. In addition to the HTR/USDT trading pair, KuCoin users can now also trade HTR against Bitcoin.