When exchanges aren’t enough: Here’s how traders use extra tools to stay efficient
The constantly growing number of crypto users, despite a year-long bear season, showed that it’s never too late to enter the crypto market. Last year began with less than 300 million active crypto users, and even though the crypto market went through impactful events such as the collapse of the FTX crypto exchange, the crypto community grew steadily, finishing the year with more than 400 million crypto users.
Crypto adoption is especially strong in emerging markets, while the Middle East and North Africa (MENA) region experienced a significant uptick, according to Chainalysis’ reports.
Source: Statista
The ever-growing crypto market directly translates into a more mature and challenging trading environment, where traders need a wide range of tools for heightened efficiency and confidence.
Traditional means of trading, like using crypto exchanges, can be too slow and ineffective in fast-moving markets. That’s why traders from all expertise levels are flocking to trading terminals that increase their efficiency with extensive toolkits that enable automation and provide means for in-depth market analysis.
Traders who want to understand the market better, analyze results and quickly alter strategies need tailor-made apps created specifically to meet various goals. For example, day traders need fundamental analysis as well as hourly graphs to develop better strategies, while scalpers need to rapidly open and close their positions in a short period of time to benefit from quick market movements.
Founded in 2015, Swiss-regulated fintech firm Tiger.Trade provides a series of trading apps and Web3 services with unique features that enhance the trading experience to help users from all expertise levels achieve more.
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