Users See ‘Buying Opportunity’ in Coronavirus Market Downturn, Says Crypto.com
www.coindesk.com
Even as markets were shaken by the rapid spread of the novel coronavirus, exchange and payment provider Crypto.com says interest in cryptocurrencies reached an all-time high. CEO and co-founder Kris Marszalek told CoinDesk that transaction volumes on Crypto.com more than doubled between December and February, with app downloads also hitting all-time highs.
Retail investors continued to use the Crypto.com platform even when the market tanked less than two weeks, he added: "People view this as a buying opportunity." While Crypto.com would not disclose precise numbers, a spokesperson said March 2020 saw record trading volumes on the platform at levels three times higher than in December 2019.
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