Cryptocurrency exchanges are used by cryptocurrency holders to store their crypto assets or to trade cryptocurrencies. There are hundreds of exchanges available today, and it can be difficult for cryptocurrency holders to choose which exchange best suits their needs. In fact, most traders use more than one exchange — both to hedge risk and to minimize benefits. How do traders make their decisions? Below, you’ll find some interesting and even surprising insights.
In this survey, the BDCenter digital agency teamed up with the sociology department of the Belarus State University, publishing the report in October, 2019. More than 800 traders from 75 countries were asked 30 questions. Researchers were looking for answers to the following four groups of questions: