Dubai PR Network, Online Press Release from Dubai and Middle East
 
Trade & Commercial(Others)
Filter PR by
  
9% of Arab Crypto-Traders invest in other asset classes
 

UAE, March 4, 2019: eToro, a global multi asset investment platform, utilizing data from its platform has found that those who trade in crypto assets are also becoming investors in other assets, including stocks, commodities and forex.  

Globally, the data shows that from the new investors who started to use eToro in 2017 and 2018 to trade crypto, 11% of them then went on to diversify their investments into traditional stocks, commodities and forex. 

Interestingly Arab crypto investors who used eToro also went on to trade in other assets. According to the findings, 9% of crypto traders from the GCC and Arab region went on to invest in other assets. 30% of the Arab and GCC crypto traders went on to trade commodities. In other words 2.7% of the total of 9% of GCC and Arab Crypto traders invested in trade commodities. A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar.

Another interesting fact is that contrary to the global trend most Arab traders on eToro were of a higher age bracket from 35-44 years old in comparison with global range which was from 25-34 years old. 

According to Mr. George Naddaf, Regional Manager- Middle East, etoro, “It is interesting to see that the GCC and Arab region are not only trading in crypto but also in other assets as well. While the age bracket is higher in the region for those who trade crypto, the data is indicative of the fact that more and more people are starting to understand and be interested in the crypto scene in the Arab world.” 

He adds, “If it were not for Etoro crypto trading platform we might not have seen new investors go into other traditional asset investments.  The data shows that once people start dabbling in crypto, it makes it easier for them to trade other asset classes. 
Investing in crypto has opened up opportunities to bring in new investors and this is a good thing in the long term.”

Iqbal V. Gandham, UK Managing Director at eToro, comments, “As an industry we need to rise to the challenge and work harder to engage consumers. For a very long time investing has been seen as the preserve of the wealthy and/or something that is too complicated for the average man on the street. Crypto changed that”.


Posted by : Dubai PR Network Editorial Team
Viewed 12035 times
PR Category : Others
Posted on : Monday, March 4, 2019  4:22:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : British Trade Commissioner discusses with Al Maya Group to e...
Next Story : Kanoo Shipping wins Dubai Trade's 11th E-Services Excellence...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Holiday Hair-Styling Essentials from VIERRO [12090-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [11980-Views]
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com! [11889-Views]
Your Holiday Gift Guide for Her [11444-Views]
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [11309-Views]
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List [11139-Views]
New year, New You with Lunette [9986-Views]
Uncovering the Beauty of Mechanics' [9943-Views]
Weather-proof your hair with HASK [9388-Views]
Free gold coins at Malabar Gold & Diamonds Festival. [9101-Views]
Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the prestigious... [8638-Views]
OMEGA Celebrates The New James Bond Watch in New York [8217-Views]
The Real Secret to 10 Years Younger: Argan Face Oil [8150-Views]
Retrograde Fusion' [7283-Views]
Mouawad and the Miss Universe Organization Unveil the Miss Universe Power of Unity Crown, ... [5588-Views]
Berkan Steakhouse Launches in Dubai [5527-Views]
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in Dubai [4398-Views]
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations [4392-Views]
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar [4197-Views]
Dubai Cares' Volunteers bring hope to children in remote village in Senegal [4154-Views]
Emotional and highly dynamic: the design of the MINI John Cooper Works GP. [4142-Views]
Customs World inks MoU with Indonesia to roll out World Logistics Passport [3947-Views]
Best Menswear Items [3904-Views]
Statement Cardigans [3855-Views]
DP World joins forces with Dubai Cares in giving a new facelift to Umm Al Qura School in U... [3800-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories