Cryptocurrencies, this magnetic magic coin pulls the attention of international financial sectors in this crisis. Like any other business, crypto market also suffers in the initial stage of the COVID-19 lockdown period. The price of the bitcoin drops down tremendously but soon, like a phoenix bird, it recovered in a jet speed. It vivids the power of cryptos to the world. No matter what the crisis is and how it made the impact. This business has no downtime.
Recently Newzealand, has reached the epic growth in crypto trading
Janine Grainger co-founder and newly appointed global CEO and head of New Zealand operations, says a number of people spent in the hundreds of thousands of dollars purchasing digital currency through Easy Crypto during the lockdown.
“We’ve also had individual customers that have invested more than a million dollars during lockdown,” Grainger says.
The big spenders aren’t long-time cryptocurrency players, either. “Many are fairly new to cryptocurrency,” Grainger says. “I’ve spoken to all of them, and they have been doing their research, getting educated and familiar with the concept and we're looking for a trustworthy, safe way to get involved.”
Source: Lockdown fuels cryptocurrency investment
Countries like India also attained tremendous growth in the Crypto market in this pandemic situation.
This Pandemic teaches so many lessons to the mankind, The drastic growth of Crypto Exchanges is also the important thing to notice. Not only cryptos, business which incorporate blockchain technology also stands straight here.
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