TradingView: 30% of Audience “Extremely Engaged” With Crypto, As Popular As Forex

Cryptocurrencies are as popular as Forex with TradingView users, with 30% of its total audience working with cryptos each day.

Data has emerged, showing that 30% of TradingView’s audience

are using the platform for cryptocurrency analysis on a daily basis, which is on-par with Forex. And over time, almost all TradingView users show an interest in crypto. The findings are significant as data from TradingView, with its 8.2 million active users visiting from more than 100 countries, provides an excellent overview of the popularity of financial markets, particularly among retail traders.

Crypto Data Made Public at TradersEXPO Chicago

A presentation by Pierce Crosby from TradingView GM Americas at the TradersEXPO Chicago included a slide containing information on “Bitcoin Traders.” A photo of the presentation slide was published on Twitter by Tuur Demeester, a Founding Partner at Adamant Capital. The image shows that TradingView had around 2.5 million ‘Bitcoin traders’ use its platform in June 2019, which is roughly 30% of its 8.2 million average monthly users. At its peak in January 2018, TradingView had around 5 million ‘Bitcoin traders’ visit the platform. The text on

the presentation image reads:

“Since our launch of crypto coverage in 2017, more than 5 million monthly users have utilized our product to get realtime charts and data for Bitcoin. They are extremely engaged and check-in more than 7 times per day.”

Crypto and Forex Are Most Popular on TradingView

For further information and to verify the image published on Twitter, I reached out to Rauan Khassan, Vice President, International Growth at TradingView. When asked if there was more interest in crypto than any other market on TradingView,

he replied:

“This was the case from Dec’17 to Jan’18. But for now the audience is balanced with 30% Forex (historically the strongest category since we added FX trading partners to the platform at an earlier stage); 30% crypto, 25% stocks/futures, and the remaining 15% refer to commodities, CFDs, and economy data.”

When asked if crypto traders on TradingView also follow other financial markets,

Khassan replied:

“The absolute majority of traders are following multiple markets, i.e. crypto + US stocks, or FX + commodities. Given crypto’s volatility and regular spotlight in media coverage, most platform users refer to it over time. 30% of the total audience is working with crypto on a daily basis.”

This point was echoed yesterday by Thomas Lee, the Fundstrat Co-founder and prominent Bitcoin bull, who stated that he uses TradingView’s charting tools for multiple financial markets.

Article Produced By
Thomas Lee

I am a HUGE fan of @tradingview. And they also have great charting tools for regular equities as well

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