Cryptocurrency trading is growing in popularity - with more and more people, big investors, financial institutions, and governments finally getting serious about the world of cryptocurrency and blockchain technologies.

But before you start doing your own research about the market, let’s look at 10 curious facts about cryptocurrency trading.

10 Facts About Cryptocurrencies in 2022

10 Curious Facts About Cryptocurrency Trading
  1. The crypto sector is unprecedently diverse. There are over 16,000 cryptocurrencies available on CoinMarketCap. And guess what! The number of new coins is increasing. That said, have in mind that some are of no investment value.
  2. The creator of Bitcoin with the tag “Satoshi Nakomoto” is still unknown. Though Craig Wright claims to be Satoshi, this is still one of the biggest mysteries in the financial world.
  3. El Salvador claims to have about 1,800 bitcoins, worth over $66 million. This information is credited to the country’s president Nayib Bukele, who recently bought more BTC, worth another $15 million. Will they keep building Bitcoin cities?
  4. Talking about countries and cryptos, India has agreed to legalise cryptocurrencies while placing a 30% tax on buying and selling of digital assets. Will people agree to that? The truth is that crypto regulations around the globe are an issue that is yet to be resolved.
  5. According to Elon Musk, Tesla holds Bitcoin and has not sold any part. Can we trust that? After all, we can’t deny that Musk, with his cryptic tweets, keeps having a huge impact on the market.
  6. Bulgaria, a small country that seized 200,000 BTC some time ago, became one of the biggest BTC owners. And then mysteriously lost it.
  7. Despite the amazing trading opportunities and applications, the crypto space is still infested by scams, such as Bitconnect and OneCoin. The most curious one from last year was based on the Netflix hit Squid Game.
  8. May 22 is known as the Bitcoin Pizza Day when - more than ten years ago - Laszlo Hanyecz paid for two pizzas with 10,000 BTC. It must have been delicious!
  9. You don’t have to be a nerd to know that NFTs are growing in popularity. Well, the highest-selling NFT was created by artists Beeple. Believe it or not, his “Everydays: The First 5000 Days” was sold for over $116 million.
  10. Digital money might be paperless but the number of Bitcoin ATMs is steadily increasing. Coinatmradar reported that till December 2021, 33,896 BTC ATMs were placed globally. And if you are in the US, you might be happy to know that 90% of all are now operating there.

These are only some of the exciting things about cryptocurrencies. There is no doubt that there is more to it. So do not hesitate to do your own research to learn more about the crypto trading industry and decide if it is the right fit for your financial goals.