Malaysian Investors Remain Bullish on Crypto’s Long-Term Potential

Malaysian Investors Remain Bullish on Crypto’s Long-Term Potential
фото показано с : blokt.com

2018-8-29 18:49

The prolonged bear market might have prompted investors in other parts of the world to cut their losses and sell some of their digital assets. However, the climate is very different in Malaysia, where crypto buyers still outnumber sellers.

Malaysians Are Net Crypto Buyers

The current prices of cryptocurrencies might just be a fraction of their December all-time highs, but that has not dampened the optimism of Malaysian crypto investors. Surprisingly, buyers continue to outnumber sellers in the Malaysian cryptocurrency market, according to a report by Malaysian publication The Sun Daily.

This was revealed by Coinhako cofounder Yusho Liu, who said:

“The buy side is still very robust. Generally, there have been more buyers than sellers over the years. The more people know about it, the more they will be interested in buying into the future.”

Liu also said that contrary to expectations, there has been an increased participation by mainstream traders these past nine months. Apparently, Malaysian crypto investors remain bullish and are generally taking a long-term approach when it comes to crypto investing. According to Liu:

“Most of the people buy and hold. I don’t see many people buying and selling day in, day out … The volume has declined, but it has started to pick up again. In the long run, we’re still bullish (on cryptocurrencies).”

Coinhako’s Expansion Plans

Similarly, Singapore-based Coinhako remains bullish on Malaysia’s cryptocurrency market. Since the firm entered the country in 2016, it saw a massive rise in its business portfolio in such a short period of time. Its Malaysian customer base ballooned to more than 100,000, while its transaction volume rose to S$250 million. In fact, its Malaysian division now accounts for 20 percent of the company’s transaction value.

But Coinhako is not stopping with just Malaysia. The company already revealed plans to expand to other Malaysian markets such as Indonesia and Vietnam.

Malaysian Investors Remain Bullish on Crypto’s Long-Term Potential was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Цена в час новости $ 0.0092696 (3.36%)

crypto investors might bullish buyers remain potential

crypto investors → Результатов: 126


Invest in Britain, Not Just Crypto; UK City Minister Nudges Young Investors to Stocks

UK City Minister Bim Afolami urges young investors to refocus their attention from the volatile crypto market to the more stable realm of traditional stocks, like NatWest. Amidst a contracting UK stock market and new stringent crypto regulations by the FCA, this move marks a critical pivot towards revitalizing the UK's financial landscape.

2024-1-26 13:45


AI Crypto Platforms Surge in Popularity as AltSignals Presale Rides the Wave

As artificial intelligence continues to redefine boundaries across industries, the crypto sector looks certain to also see the benefits as investors look for the best crypto to invest in. A surge in popularity for AI-driven crypto platforms has quickly become apparent, marking a shift in focus for investors looking for the highest returns.

2023-6-15 12:43


Crypto Investors Approaching Large Institutions in Bond Market for Loans Against Digital Assets

The largest institutions are seeing increased inquiries for loans from crypto investors, revealed TCW Group portfolio manager Bryan Whalen. During a panel discussion this week at the Morningstar Investment Conference, Whalen said crypto investors are seeking loans for big institutions against their crypto assets.

2021-9-24 17:27


Фото:

UK: Nickel Digital Survey Hints at Institutional Adoption of Crypto Assets

A survey by Nickel Digital of institutional investors in the UK reveals that more than half of these investors plan to enhance their crypto acquaintance between now and 2023. As revealed by the survey, the institutional investors hinted that they have already invested in crypto assets and anticipate increasing their exposure.  Breakdown of The SurveyRead More

2021-8-25 01:00