Several new cryptocurrency investors are beginning to lose interest in this emerging industry due to the fact that the cryptocurrency market is going through significant declines.
A lot of them who bought Bitcoin for $20,000 relied on the fact that they can sell their funds at the same rate they bought but, not to forget making profits. This is because brokers are unable to break the back of traders and move along to the important psychological threshold of $5,000.
Despite this, the cryptocurrency industry is still growing and this also goes to trading platforms. Even though unsuccessful investor is feeling agitated, new investors are entering the industry, including Goldman Sachs and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
Goldman Sachs is set to permit its customers to trade Bitcoin futures, but ICE will provide swap contracts to banks to enable clients to access their cryptocurrency that day after the purchase transaction.
Even though some inexperienced investors are leaving the business, the grounded investors are beginning to try out new grounds that has great potential. From the way things are, it is very unlikely that cybercriminals will target this industry any further.
Security analysts ruled out common tactics used by criminals to hack cryptocurrency exchanges.