How COVID-19 Pushed Crypto in Asia - Binance U.S CEO

• As reported on earlier today, Catherine Coley recently took part in an interview with Bloomberg on the 16th of March. 

• The CEO spoke on the current state of the coronavirus and its quarantine in Asia drove a surge in trade value as a result.

As reported on earlier today, the CEO of Binance U.S, Catherine Coley recently took part in an interview with Bloomberg on the 16th of March. The CEO spoke on the current state of the coronavirus and its quarantine in Asia which drove a surge in trade value as a result.

Speaking on the subject, Coley asserts that those Bitcoin and the S&P 500 are playing out of the familiar long-term cycle.

She further added that the markets are going through a “CRIC cycle”. 

She goes on to say:

“So, in the regular traditional asset classes, as with Bitcoin, you’re seeing that complacency in the market turn into crisis, creating panic. That’s going to generate sell-off across the board.”

She made it clear that the markets are controlled by the underlying technology that can be traded around the clock. 

“You also saw [...] a resurgence of trading volumes taking place in Asia when the [...] quarantine took place. So I think you will see the same thing happen in the U.S. when we get more firm guidelines on what the quarantine means for America.”

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