Online trading surges in Europe as younger traders and investors log on
Online trading is growing across Europe with nearly half of online traders worldwide based in the continent as new analysis from Blockchain-based derivatives trading platform CloseCross shows.
CloseCross’s analysis of industry data shows around 13.2 million of the 29 million people estimated to be trading online globally are based in Europe and that the number has doubled in the past year. The estimated number of online traders in Poland has more than doubled from 247,900 in 2019 to 512,000 in 2020.
Younger investors are leading the way – it is estimated around 58% of the online traders globally are under-35 with around 15% aged between 18 and 24. Around two-fifths (42%) have $500 or less deposited in their trading account.
CloseCross says with the changing demographic and value-set of the new investor class, increasing convenience, transparency, and trustworthiness rule the parameters against which trader and investor choice is based. The new-age trader/investor is looking for the easiest way to profit from market movements across all asset classes, without having to deal with the hassle of legacy financial infrastructure.
(WBJ)
