Marwan Mohamed Abu Orabi
Risks Associated with Crypto-currency Trading and the Degree of Individuals’ Awareness of These Risks
The current research was carried out as an approach to measure to what extent are Jordanian individuals aware of crypto-currency trading risks. In order to achieve this aim, some risks were adopted including (Volatility, Unregulated, Susceptible to error and hacking and Discontinuation) through an online questionnaire that was answered by (391) traders in Jordan in 2021. SPSS was used to analyze their answers and come up with a degree of awareness regarding trading in digital coins. Results of study indicated that Jordanian individuals were aware of crypto-currency trading risks; their answers revealed that they knew before that trading within digital currency markets is based on risks that mainly included unregulated trading environment which means to insurance or protection, in addition to the risks of susceptible to error and hacking and Discontinuation of trading a current currency and replace with another one. Study recommended that individuals should be made aware of the risks of crypto-currency trading, although it represents a good investment opportunity, but trading involves a lot of risks, and losses may exceed the value of the funds traded.
Crypto-Currency, digital Coin, Bitcoin, Trading, Trading Platform, PayPal, Virtual Bank, Elon Musk, Leverage, Competitive Spreads
Cite this paper
Marwan Mohamed Abu Orabi. (2022) Risks Associated with Crypto-currency Trading and the Degree of Individuals’ Awareness of These Risks. International Journal of Economics and Management Systems, 7, 195-210