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 : DubaiPRNetwork.com Editorial Team
Viewed 15654 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
Malabar Gold & Diamonds Inaugurates 2 New Showrooms in Bengaluru and Andhra Pradesh, India [5162-Views]
Abu Dhabi Distribution Company Partners with Carrefour to Expand Green Corner Initiative [3624-Views]
Etihad Rail to Outline the Roadmap for Transforming the Transportation & Logistics industr... [3411-Views]
Sharjah-Europe Businesswomen Forum Concludes with Fruitful Regional and international Part... [3206-Views]
Johns Hopkins Medicine International and Clemenceau Medical Center Hospital Dubai Launch N... [3194-Views]
New Range Rover Sport Revealed with Epic Spillway Climb [3132-Views]
250,000 Visitors Flock to Dubai Parks during Eid Holidays [3067-Views]
Global Leaders and Industry Experts Convene for Day Two of the World Utilities Congress [2993-Views]
Global Village Awards Ceremony Highlights Partners' Contribution to a Successful Season [2972-Views]
POCO Reaches New Heights with the Apex Flagship POCO F4 GT [2895-Views]
Dubai Airports makes Final Arrangements ahead of Northern Runway Closure [2833-Views]
Fifteen-Year-Old Student Wins Water Alliance RE-NEW Our World Challenge with Project Aimed... [2747-Views]
Lenovo Unveils New Yoga PCs to Empower Consumers to do more, their way [2731-Views]
Feel Fit & Fabulous with India Gate's Health Range [2714-Views]
Zoho Announces New Unified Marketing Platform for Businesses to Deliver Improved Customer ... [2698-Views]
Deloitte 2022 Government Trends Report Identifies Resilience, Connectivity, and Inclusion ... [2665-Views]
Lumenore Appoints a New EMEA Sales Director [2649-Views]
Mohamed Henedy at SCRF 2022: I Owe my Success to Children [2608-Views]
A Quick Guide to Alleviating the Burden of Daily Clothing Care With Samsung's New Bespoke ... [2583-Views]
Fashinza to Empower Apparel Manufacturing SMEs with AED 55 Million Supplier-Financing Prog... [2554-Views]
MENA District Cooling Projects Conference 2022 to Explore US$15 Billion Opportunities [2476-Views]
Hydrogen to Play a Key Role in Decarbonisation of the Utilities Sector [2407-Views]
Shurooq Captures Imaginations at Arabian Travel Market; Announces Eco retreats Najd Al Meq... [2370-Views]
Airlines to Focus on Efficiency and Sustainability [2366-Views]
St. George's University, Grenada, in association with Ramaiah Group of Institutions [2276-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories