The total weekly inflows in crypto-related investment products reached a record high of $1.31 billion last week after minor outflows in the previous weeks. Institutional investors still prefer Bitcoin over other digital assets as the world’s largest cryptocurrency accounted for 97% of the total weekly inflows.
According to a report published by CoinShares, Europe’s largest crypto asset management firm, the average daily trading volume of Bitcoin jumped significantly in 2021. So far this year, BTC has had an average trading volume of $12.3 billion per day, compared to just $2.2 billion in 2020.
Overall, Bitcoin accounts for 83% of the total digital assets under management, but the 97% weekly inflow into BTC shows that investors have more confidence in Bitcoin as compared to other crypto assets.
The rupee plunged by 21 paise to settle at a week's low of 73.28 against the US dollar on Monday, tracking weak domestic equities and a rebound in the American currency.At the interbank forex mark
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THE STANDARD By
Fredrick Obura |
January 15th 2021 at 07:05:00 GMT +0300
The forex market is the largest financial market in the world. In recent years, it has experienced traders emerging from developing countries. The forex market in Africa has surged with more brokers welcoming traders from African countries.
However, a lot of forex trading in these African countries has, for many years, gone unregulated and illegitimate brokers, or scam brokers, have taken many chances at ensnaring unsuspecting traders in elaborate scams.
Forex trading is legal in Kenya and the country has its own regulatory body, the Capital Markets Authority, which oversees brokers based in, and operating from, Kenya itself.