Overbit survey of three,000 crypto merchants highlights buying and selling fashions, DeFi and NFT, Enterprise Information

SINGAPORE, June 24, 2021 / PRNewswire / – Overbit.com, one of many main Bitcoin buying and selling platforms, has launched its detailed annual report on the habits, developments and sentiment of cryptocurrency merchants. Over the course of two weeks in March 2021, Overbit surveyed over 3,000 distinctive particular person cryptocurrency merchants in 87 completely different international locations.

Along with assessing buying and selling habits, Overbit requested survey individuals about their preferences on a wide range of subjects, together with cryptocurrency storage, due diligence methods, buying and selling methods, and inventory trade choice.

Regardless that the crypto asset class noticed report worth development within the first quarter of 2021, 34% of respondents instructed Overbit they’re anticipating valuations to climb even additional. Curiously, the optimism was the highest (44%) amongst cryptocurrency customers with 1-2 years of buying and selling expertise. Novices {and professional} merchants had been much less optimistic, however not by a lot.

Bitcoin (BTC) and Ethereum (ETH) stay the most well-liked cryptocurrencies amongst merchants, based on the Overbit report. Possession figures for the previous remained unchanged from the earlier yr’s survey outcomes, whereas Ethereum noticed a big improve. Virtually two-thirds (65%) of survey respondents held ETH, up from 50% in 2020.

To know how merchants usually retailer their cryptocurrency, Overbit requested respondents in the event that they entrust their digital property to a 3rd occasion.

Virtually two in three respondents (65%) stated they most popular to go away their tokens on an trade. On the opposite finish of the spectrum, barely 25% of merchants use a chilly pockets for cryptocurrency storage.

9% of merchants surveyed instructed Overbit that they misplaced a few of their cryptocurrency holdings because of an trade hack or safety breach prior to now. Nonetheless, 11% of these surveyed admitted to having misplaced entry to digital property held in their very own personal pockets. This means a barely decrease chance of loss amongst those that determine to retailer their cryptocurrency on an trade.

Overbit CEO and Founder Cheh Liu commented: “The cryptocurrency business has matured significantly over the previous few years. Retail merchants can now depend on exchanges to be trusted depositories, thereby eradicating most of the limitations new merchants confronted beforehand.”

Overbit’s newest report additionally contains key insights into rising developments within the cryptocurrency ecosystem, contrasting responses gathered in 2020 and 2021.

This yr, 20% fewer first-time buyers admitted dropping cryptocurrency resulting from private error. On the due diligence entrance, Twitter’s recognition jumped 10% from the Overbit survey ends in 2020. Overbit additionally discovered that respondents confirmed a better desire for buying and selling on cell platforms in 2021. , the recognition of desktop computer systems reducing by about 8%. These developments present a gradual however clear change within the habits of merchants.

Overbit 2021 investigation additionally targeted on the influence of the continued COVID-19 pandemic on the habits of merchants. 56% of all respondents admitted to taking a better diploma of funding danger through the pandemic.

“Consciousness of the cryptocurrency market – and even conventional asset courses – is on the rise amongst retail merchants. In the meantime, within the face of rising inflation and falling rates of interest, buyers are more and more turning to development property resembling Bitcoin, ” Liu defined. “It’s due to this fact not stunning that the chance urge for food of merchants has elevated considerably over the previous yr.”

32% of novice merchants admitted to not having made any investments exterior of cryptocurrency prior to now yr. This statistic means that cryptocurrency represents the very first publicity many people should managing private investments. But 35% of respondents throughout all ability classes have made at the very least one inventory commerce prior to now 12 months.

Lastly, Overbit requested respondents if they’d any stake within the decentralized finance (DeFi) and non-fungible tokens (NFT) ecosystems. 66% of surveyed retailers didn’t personal a single DeFi-related asset prior to now twelve months – suggesting that the 60 billion {dollars} the business nonetheless has some approach to go earlier than reaching crucial mass.

For extra particulars on the survey, please go to:
https://content material.overbit.com/docs/Overbit-Merchants-Survey-2021.pdf

For extra requests:

Contact individual: Junice Liew, digital advertising supervisor
Electronic mail: [email protected]
Web site: https://www.overbit.com

Concerning the overbit
Overbit is a Bitcoin margin buying and selling platform, primarily based at Singapore. Overbit affords a spread of markets within the areas of crypto, foreign exchange, and commodities, with leverage of as much as 100X for crypto and 500X for foreign exchange.

Danger warning:
Margin buying and selling carries a excessive stage of danger to your capital, and you need to solely commerce with cash you’ll be able to afford to lose. Margin buying and selling will not be appropriate for all merchants, so ensure you perceive the dangers concerned and search impartial recommendation if crucial.

The content material of Overbit’s web site, weblog, social media or every other platform shouldn’t be supposed to focus on any particular nation or territory and its residents. Please test the relevant rules in your nation or territory earlier than accessing the Overbit platform.

Media contact:

Junice Liew
Advertising Director
[email protected]

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