Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Analysts: cryptocurrencies promise 70% profitability again


November, 09 2023
watermark Economic news

Analysts report that trading platforms have once again begun offering users cryptocurrency returns exceeding 70%.


Almost 18 months have passed since the collapse of the Terra algorithmic stablecoin project, which provoked a general crisis in the field of cryptocurrencies. By this time, a number of exchanges, ranging from GMX to Binance, began offering double-digit returns to support the activity of their customers after a period of stagnation. 


The Terra project, once the most ambitious experiment in the field of decentralized finance (DeFi), promised a profit of almost 20% for investors who invest their funds in this protocol.


Such huge returns are rare in other areas, with the exception of distressed securities, but in 2020 they played an important role in the development of decentralized finance, which became the main competitors of traditional banks. Decentralized crypto platforms provide various services, including lending cryptocurrencies with favorable interest rates and sometimes commissions.


The DeFi market reached $179 billion in November 2021, shortly before the bankruptcy of the FTX exchange and the beginning of a massive outflow of investors from this area. At the moment, this sector is estimated at about $44.1 billion. 


An example of high profitability is the derivatives exchange DeFi GMX, which allows users to trade bitcoins and other cryptocurrencies using leverage.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.