- eToro reported a 300% surge in Bitcoin trading positions post-US elections, reflecting heightened investor interest and market volatility.
- Pepperstone crypto CFD volumes tripled, and Axi recorded a 92% trading volume increase, driven by election-induced crypto market activity.
The US elections sparked a surge in cryptocurrency trading activity, with eToro, Pepperstone, and Axi reporting significant growth. eToro revealed a 300% jump in the value of newly opened Bitcoin positions during the first two weeks of November compared to the same period in October.
Pepperstone, an Australia-based broker, reported a threefold increase in crypto CFD trading volumes after the election, while Axi experienced a 92% rise, with daily volumes leaping from $448 million to $892.6 million.
eToro witnessed a 170% increase in Bitcoin positions, while Axi recorded a 13-fold jump in crypto CFD activity. Simon Peters, eToro Crypto Analyst, attributed this rise to growing investor confidence in Bitcoin as a hedge against traditional asset uncertainties.
