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OANDA Releases ‘State of Crypto’ Report

Media relations contact

Dana Catterina
Head of Public Relations and Social Media, OANDA
Email: pr@oanda.com

State of crypto header

Think back to one year ago. The cryptocurrency market started out strong in 2022; who could have predicted that it would soon be impacted by sell-offs, the failure of Terra, and the dramatic collapse of the FTX exchange in November?

Despite this turbulence, it has become clear that digital assets should form part of a unified trading experience for active traders and sophisticated investors.

In response, OANDA teamed up with leading regulated blockchain infrastructure provider Paxos to launch a new cryptocurrency trading offering in the US market, designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.

As we enter 2023, the crypto market is never far from the financial headlines with a growing demand for solutions that help the space regroup.

As part of our commitment to understanding traders, in November 2022 OANDA surveyed 2,018 non-professional traders across various demographics to discover how attitudes towards trading cryptocurrency have changed and what the outlook is for 2023.

Click here to access full report.

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the OANDA group, which includes OANDA Corporation and other subsidiaries of OANDA Global Corporation, provides online multi-asset trading, currency data and analytics to retail and corporate clients around the globe, demonstrating an unrivaled expertise in foreign exchange. With regulated entities in nine of the world’s most active financial markets, OANDA remains dedicated to transforming how the world interacts with trading, enabling clients to trade global market indices, commodities, treasuries, precious metals and currencies on one of the fastest trading platforms in the market.

DISCLOSURES

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.