{"id":254807,"date":"2020-03-24T06:36:07","date_gmt":"2020-03-24T10:36:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=254807"},"modified":"2020-03-24T06:36:07","modified_gmt":"2020-03-24T10:36:07","slug":"binance-us-ceo-predicts-global-surge-in-trading-volumes-with-covid-19-adjustment","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-us-ceo-predicts-global-surge-in-trading-volumes-with-covid-19-adjustment","title":{"rendered":"Binance.US CEO Predicts Global Surge in Trading Volumes with COVID-19 Adjustment\u00a0"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Christine Coley, the chief executive of Binance.US, has explained that the coronavirus outbreak could have helped the company\u2019s Asian business.\u00a0<\/span><span data-preserver-spaces=\"true\">In an\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-03-17\/how-the-coronavirus-fallout-impacts-bitcoin-video\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">interview<\/span><\/a><span data-preserver-spaces=\"true\"> with Bloomberg on March 16, the exchange boss shared some of her views on how the novel COVID-19 outbreak has affected both the traditional stock and crypto markets, adding that the outbreak seems to have driven up the firm\u2019s trading volumes.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">The CRIC Cycle in Play\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Coley\u2019s interview was centered primarily around the reactions of both Bitcoin and the S&amp;P 500 to the virus, and what she believes are the converging lines between the performances of both stock. In it, she explained that there seems to be a correlation between their long-term cycles, explaining that the markets are running on the \u201cCRIC\u201d cycle \u2013 we first have a crisis, then a response, then an improvement that is followed by a complacency period.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cSo, in the regular traditional asset classes, as with Bitcoin, you\u2019re seeing that complacency in the market turns into a crisis, creating panic. That\u2019s going to generate sell-off across the board.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As for differences, however, she pointed to the fact that cryptocurrencies can be traded anytime, from anywhere \u2013 as opposed to stocks that have open and close times, as well as some off days. Unlike traditional stocks that aren\u2019t traded on weekends, crypto-assets work round the clock \u2013 a factor that makes them impervious to the supply chain and shock issues that traditional stocks suffer from periodically.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There, she added that trading volumes in Asia have surged, despite the fact that the virus has affected stocks and economic systems on the continent. Since the quarantine has caused people to adopt a new lifestyle, traders have been able to adjust and are now finding new ways to make their trades and investments.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She also expressed confidence in the United States market to adapt, adding that we should see a surge in market activities once the government provides effective guidelines on quarantining and isolation \u2013 as has been adopted in countries like <a href=\"https:\/\/insidebitcoins.com\/news\/bank-of-china-posts-against-crypto-use-on-wechat\/254746\">China<\/a>, Italy, and other severely-hit countries.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She concluded, \u201cI think you see Bitcoin being something that we can continue to engage with, regardless of the safety and concerns of the U.S. and globally.\u201d<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Bitcoin Interest Surges Across Search Engines\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Her sentiment is coming at a time when more people across the world seem to be more inclined to purchase Bitcoin than before. A recent report confirmed that the Chinese search engine Baidu has seen considerable increases in the search terms for \u201cBuy Bitcoin,\u201d with the term seeing an astounding 183 percent over the past month.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The report also pointed out that the number of people looking for information on how to purchase the top digital asset on mobile devices has seen a significant upsurge too.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As for Google, the story is quite similar. Search results for Bitcoin in the United States hit a 30-day high on March 13, even despite the fact that the asset had seen its biggest single-day drop a day earlier.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Christine Coley, the chief executive of Binance.US, has explained that the coronavirus outbreak could have helped the company\u2019s Asian business.\u00a0In an\u00a0interview with Bloomberg on March <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/binance-us-ceo-predicts-global-surge-in-trading-volumes-with-covid-19-adjustment\" title=\"Binance.US CEO Predicts Global Surge in Trading Volumes with COVID-19 Adjustment\u00a0\">[&#8230;]<\/a><\/div>","protected":false},"author":1770,"featured_media":254808,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[7612,734,946,10466],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - 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