Cryptocurrency refers to the decentralized digital funds that are exchanged via exchanges. Separate from traditional banking systems and institutions, cryptos offer an independent trading experience in their own exclusive crypto markets.
Trading has revolutionized the global market, granting everyday people and businesses the opportunity to purchase or sell digital currencies through trustworthy exchanges. These trades are commonly done using real-world money like USD and EUR, as well as other virtual assets. Fiat to crypto exchange is possible on regulated platforms.
Market trends are carefully observed by investors and analysts in order to be informed about the direction of the crypto market. By monitoring present-day developments over an extended period, these individuals can make sound decisions when investing in digital assets or selling them off for a profit.
To better estimate market trends, individuals can utilize various tools such as:
- tech analysis;
- fundamental research;
- sentiment analysis.
The crypto market today is “bearish”, meaning it is moving down and the overall investor sentiment is not optimistic.
What is Special About Trading on the Cryptocurrency Market Using a Regulated Exchange?
A centralized crypto exchange must follow the guidelines and standards set by government agencies or financial establishments. Governments around the world have different regulations for crypto exchanges, but each is designed to safeguard users and prohibit illegal activity like money laundering or terrorist financing. Adherence to these rules and guidelines is key to ensure user safety while maintaining ethical financial practices.
Crypto exchanges that are under the jurisdiction of regulatory authorities must obtain necessary licensing and abide by KYC, AML, and other customer identification protocols. They need to keep a close watch on any suspicious activities while ensuring their security measures can adequately protect users’ funds.
When Does the Crypto Market Open and Close?
Cryptocurrency trading is always open and ongoing, with a wide variety of assets available on various exchanges. In contrast to time-restricted stock markets, the market of digital assets is nonstop. This is because cryptos are decentralized and traded across distinct regions of the globe in varying time zones. Subsequently, investors can buy and sell 24/7 on any day of the week.
Nevertheless, it is essential to remember that while the crypto market never closes its doors for trading, liquidity and volumes can vary according to time or day. For instance, during peak hours in certain areas or when some significant news stories are making headlines, there may be a high trade volume. Try trading 24\7 using the WhiteBIT exchange.