{"id":3464,"date":"2024-02-24T11:45:13","date_gmt":"2024-02-24T06:15:13","guid":{"rendered":"https:\/\/journal.ipem.edu.in\/management\/?page_id=3464"},"modified":"2024-03-05T13:54:51","modified_gmt":"2024-03-05T08:24:51","slug":"determinants-of-crypto-trading-activity","status":"publish","type":"page","link":"https:\/\/journal.ipem.edu.in\/management\/determinants-of-crypto-trading-activity\/","title":{"rendered":"Determinants of Crypto Trading Activity"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3464\" class=\"elementor elementor-3464\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-3b3d6bf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b3d6bf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d724340\" data-id=\"d724340\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c722ad7 elementor-widget elementor-widget-heading\" data-id=\"c722ad7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Determinants of Crypto Trading Activity<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12c9a41 elementor-widget elementor-widget-html\" data-id=\"12c9a41\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t<a class=\"author\" href=\"https:\/\/journal.ipem.edu.in\/management\/determinants-of-crypto-trading-activity\/#author\"> <em> Dr. Syed Md Faisal Ali Khan <\/em><\/a>,\t<a href=\"https:\/\/journal.ipem.edu.in\/management\/determinants-of-crypto-trading-activity\/#author\"> <em> Dr. Divya Rana<\/em><\/a>\r\n\r\n\r\n\r\n\r\n\r\n                                        <p class=\"Issue\"><a href=\"https:\/\/journal.ipem.edu.in\/management\/determinants-of-crypto-trading-activity\/\">Vol 17 ,  Issue 1 ,   July 2023<\/a><span class=\"pipe\"> | <\/span>Pages: 44-56\r\n                                        <\/p>\r\n                                        \r\n                                        <!--\r\n                                        <p class=\"doi\"><a href=\"https:\/\/doi.org\" target=\"_blank\"><em>https:\/\/doi.org<\/em><\/a><\/p>\r\n                                        -->\r\n\r\n                                        <p class=\"Published\"><span class=\"articledate\">Published Online: July, 2023<\/span><\/p>\r\n                                <p class=\"Download\">        <a href=\"https:\/\/journal.ipem.edu.in\/management\/wp-content\/uploads\/2024\/02\/IPEM-Mgmt.-Final-Journal-44-56.pdf\" target=\"_blank\">Download Article<\/a><\/p>\r\n                    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1eb397b elementor-widget elementor-widget-eael-adv-tabs\" data-id=\"1eb397b\" data-element_type=\"widget\" data-widget_type=\"eael-adv-tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div data-scroll-on-click=\"no\" data-scroll-speed=\"300\" id=\"eael-advance-tabs-1eb397b\" class=\"eael-advance-tabs eael-tabs-horizontal eael-tab-auto-active  active-caret-on\" data-tabid=\"1eb397b\">\n            <div class=\"eael-tabs-nav\">\n                <ul class=\"\" role=\"tablist\">\n                                            <li id=\"author\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"author-tab\" aria-expanded=\"false\">\n                            \n                            \n                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Author Affiliations<\/span>                                                    <\/li>\n                                            <li id=\"abstract\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"abstract-tab\" aria-expanded=\"false\">\n                            \n                            \n                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Abstract<\/span>                                                    <\/li>\n                                            <li id=\"references\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"references-tab\" aria-expanded=\"false\">\n                            \n                            \n                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >References<\/span>                                                    <\/li>\n                                            <li id=\"citation\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"citation-tab\" aria-expanded=\"false\">\n                            \n                            \n                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Citation<\/span>                                                    <\/li>\n                                    <\/ul>\n            <\/div>\n            \n            <div class=\"eael-tabs-content\">\n\t\t        \n                    <div id=\"author-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"author-tab\">\n\t\t\t\t        <p class=\"Author-bg\"><b>Author Details<\/b><\/p>\n\n<div class=\"card-body table-responsive\">\n<div class=\"autinfo\"><b class=\"sn\">1. <\/b>Dr. Syed Md Faisal Ali Khan , Corresponding Author, Lecturer &#8211; Department of MIS, CBA, Jazan University, Saudi Arabia<\/div>\n<div class=\"autinfo\"><b class=\"sn\">2. <\/b>Dr. Divya Rana, Assistant Professor, Management Department, Institute of Professional Excellence and Management, Ghaziabad, Uttar Pradesh<\/div>\n<\/div>                    <\/div>\n\t\t        \n                    <div id=\"abstract-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"abstract-tab\">\n\t\t\t\t        <p style=\"text-align: justify;\">Cryptocurrency trading offers particular traits that have attracted investors as well as significant\ndisadvantages. With the short-term rise in cryptocurrency values, more investors were enthused about\ninvesting in it, increasing fears of a speculative bubble. Despite worries about its inadequacies, this study\nlooked into the many aspects involved in cryptocurrency trading. In what concerns to psychological, social,\ncultural, personal, economic, perceived risk and financial literacy, we first hypothesized that crypto investors\nwould show differences in multiple factors when compared to share investors. Based on our assumptions\nabout these differences, we secondly hypothesized that investors\u2019 psychological, social, cultural, personal\neconomic, perceived risk and financial literacy could predict whether they could invest in crypto or shares. In\ntotal, 507 respondents completed the research protocol and were sorted into Crypto investors (n=207), share\ninvestors (n=189), and non-investors (n=111). A self-report questionnaire on demographic data, psychological,\nsocial, cultural, economic, perceived risk and financial literacy were administrated. The result of the study\nindicated that crypto investments can be attributed to the interaction of multiple factors, among which\npsychological, social, cultural, personal economic, perceived risk and financial literacy are particularly\nimportant. Specifically, the perceived risk and financial literacy are the strongest predictive factor for crypto\ntrading. Crypto traders were distinct with regard to higher novelty seeking, higher gambling tendencies, and\nunique investment patterns. Thus, personality, psychological states, and investment patterns could explain the\nsubstantial investments in crypto trading.\n<\/p>\n<p class=\"keywords\">Keywords<\/p>\ncryptocurrency; determinants; investors; crypto traders                    <\/div>\n\t\t        \n                    <div id=\"references-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"references-tab\">\n\t\t\t\t        <ol>\n<li>Omane-Adjepong, M., Paul Alagidede, I., Lyimo, A. G., &#038;Tweneboah, G. (2021). Herding behaviour incryptocurrency and emerging financial markets. Cogent Economics &#038; Finance, 9(1), 1933681.<\/li>\n\n<li>Crypto.com (2022). Crypto Research and Insights. available at: 2022 Year Review &#038; 2023 Year Ahead(crypto.com), assessed on 12.12.2022. .<\/li>\n<li>Scholten, O. J., Zendle, D., &#038; Walker, J. A. (2020). Inside the decentralised casino: A longitudinal study of actualcryptocurrency gambling transactions. PloS one, 15(10), e0240693. .<\/li>\n\n<li>King, S., &#038; Nadal, S. (2012). Ppcoin: Peer-to-peer crypto-currency with proof-of-stake. self-published paper,August, 19(1). .<\/li>\n\n<li>Casey, M., &#038; Vigna, P. (2015). Cryptocurrency: Bitcoin und Ethereum. Wie virtuelles Geld unsere Gesellschaftver\u00e4ndert. UllsteinEbooks. .<\/li>\n\n<li>Granero, R., T\u00e1rrega, S., Fern\u00e1ndez-Aranda, F., Aymam\u00ed, N., G\u00f3mez-Pe\u00f1a, M., Moragas, L., et al. (2012).Gambling on the stock market: an unexplored issue. Compr. Psychiatry 53, 666\u2013673.\nhttps:\/\/doi:10.1016\/j.comppsych.2011.12.004.<\/li>\n<li>Albayati, H., Kim, S. K., &#038; Rho, J. J. (2020). Accepting financial transactions using blockchain technology andcryptocurrency: A customer perspective approach. Technology in Society, 62, 101320.Fang, S., Cao, G., &#038; Egan, P. (2023). Forecasting and backtesting systemic risk in the cryptocurrency market.Finance Research Letters, 54, 103788. .<\/li>\n\n<li>Bohme, R., Christin, N., Edelman, B., and Moore, T. (2015). Bitcoin: economics, technology, and governance. J.Econ. Perspect. 29, 213\u2013238. doi: 10.1257\/jep.29.2.213.<\/li>\n\n<li>Yelowitz, A., &#038; Wilson, M. (2015). Characteristics of Bitcoin users: an analysis of Google search data. AppliedEconomics Letters, 22(13), 1030-1036. .<\/li>\n<li>Bri\u00e8re, M., Oosterlinck, K., and Szafarz, A. (2015). Virtual currency, tangible return: portfolio diversificationwith Bitcoin. J. Asset Manag. 16, 365\u2013373. doi: 10.1057\/jam.2015.5.<\/li>\n\n<li>Polasik, M., Piotrowska, A. I., Wisniewski, T. P., Kotkowski, R., &#038; Lightfoot, G. (2015). Price fluctuations andthe use of bitcoin: An empirical inquiry. International Journal of Electronic Commerce, 20(1), 9-49. .<\/li>\n<li>Ahmad, S. (2017). Factors influencing individual investors\u2019 behavior: an empirical study of Pakistan\u2019s financialmarkets. J. Bus. Financ. Aff. 6:297. https:\/\/doi:10.4172\/2167-0234.1000297.<\/li>\n<li>Al-Yahyaee, K. H., Mensi, W., and Yoon, S.-M. (2018). Efficiency, multifractality, and the long-memoryproperty of the Bitcoin market: a comparative analysis with stock, currency, and gold markets. Fin. Res.Lett. 27, 228\u2013234. https:\/\/doi:10.1016\/j.frl.2018.03.017.<\/li>\n\n<li>Ante, L. (2018). Cryptocurrency, Blockchain and Crime. In K. McCarthy (Ed.), The Money Laundering Market:R e g u l a t i n g t h e C r i m i n a l E c o n o m y ( p p . 1 7 1 \u2013 1 9 8 ) . A g e n d a P u b l i s h i n g .https:\/\/doi:10.2307\/j.ctv5cg8z1.10.<\/li>\n<li>A n t e , L . ( 2 0 1 9 ) . M a r k e t R e a c t i o n t o E x c h a n g e L i s t i n g s o f C r y p t o c u r r e n c i e s .https:\/\/doi:10.13140\/RG.2.2.19924.76161.<\/li>\n\n<li>Ante, L. (2021). Smart Contracts on the Blockchain \u2013 A Bibliometric Analysis and Review. Telematics andInformatics, 57, 101519. https:\/\/doi:10.1016\/j.tele.2020.101519.<\/li>\n\n<li>Ante, L., &#038; Fiedler, I. (2020). Cheap Signals in Security Token Offerings (STOs). Quantitative Finance andEconomics, 4(4), 608\u2013639. https:\/\/doi:10.3934\/QFE.2020028.<\/li>\n<li>Ante, L., Fiedler, I., &#038; Strehle, E. (2021a). The impact of transparent money flows: Effects ofstablecoin transferson the returns and trading volume of bitcoin. Technological Forecasting and Social Change, 170,120851. https:\/\/doi:10.1016\/j.techfore.2021.120851.<\/li>\n<li>Ante, L., Fiedler, I., &#038; Strehle, E. (2021b). The Influence of Stablecoin Issuances on Cryptocurrency Markets.Finance Research Letters, 41, 101867. doi:10.1016\/j.frl.2020.101867<\/li>\n\n<li>Ante, L., Sandner, P., &#038; Fiedler, I. (2018). Blockchain-Based ICOs: Pure Hype or the Dawn of a New Era ofStartup Financing? Journal of Risk and Financial Management, 11(4), 80.doi:10.3390\/jrfm11040080<\/li>\n\n<li>Bartos, J. (2015). Does Bitcoin follow the hypothesis of efficient market? Int. J. Econ Sci. 4, 10\u201323. doi:10.20472\/ES.2015.4.2.002<\/li>\n\n<li>Baur, D. G., Hong, K. H., &#038; Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets? Journal ofI n t e r n a t i o n a l F i n a n c i a l M a r k e t s , I n s t i t u t i o n s a n d M o n e y , 5 4 , 1 7 7 \u2013 1 8 9 .https:\/\/doi:10.1016\/j.intfin.2017.12.004<\/li>\n\n<li>Benjamin, J., Osher, Y., Kotler, M., Gritsenko, I., Nemanov, L., Belmaker, R. H., et al. (2000). Associationbetween tridimensional personality questionnaire (TPQ) traits and three functional polymorphisms:dopamine receptor D4 (DRD4), serotonin transporter promoter region (5-\n(COMT). Mol. Psychiatry 5, 96\u2013100. https:\/\/doi:10.1038\/sj.mp.4000640<\/li>\n\n<li>Blockchain Research Lab. (2019a). Perceived and Actual Use of Cryptocurrencies Results of a representatives u r v e y a m o n g G e r m a n I n t e r n e t u s e r s . h t t p s : \/ \/ w ww . b l o c k c h a i nresearchlab.org\/wpcontent\/uploads\/2019\/<\/li>\n\n<li>Bohr, J., and Bashir, M. (2014). \u201cWho uses bitcoin? Exploration of the Bitcoin community,\u201d in12th AnnualConference on Privacy, Security and Trust (PST), Toronto, ON: IEEE, 94\u2013101. <\/li>\n\n<li>Chung, J. M., Choe, H., and Kho, B.-C. (2009). The impact of day-trading on volatility and liquidity. Asia Pac. J.Financ. Stud. 38, 237\u2013275. https:\/\/doi:10.1111\/j.2041-6156.2009.tb00014.x<\/li>\n\n<li>Cloninger, C. R., Svrakic, D. M., and Przybeck, T. R. (1993). A psychobiological model of temperament andcharacter. Arch. Gen. Psychiatr. 50, 975\u2013990. https:\/\/doi:10.1001\/archpsyc.1993.01820240059008<\/li>\n\n<li>Conlin, A., Kyr\u00f6l\u00e4inen, P., Kaakinen, M., J\u00e4rvelin, M. R., Perttunen, J., and Svento, R. (2015). 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Ottawa, ON: Canadian Center onSubstance Abuse. <\/li>\n\n<li>Glaser, F., Zimmermann, K., Haferkorn, M., Weber, M. C., and Siering, M. (2014). Bitcoin\u2014Asset or Currency?Revealing Users\u2019 Hidden Intentions. ECIS. Available at: https:\/\/ssrn.com\/abstract=2425247 (accessedApril 15, 2014).<\/li>\n<\/ol>\n                    <\/div>\n\t\t        \n                    <div id=\"citation-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"citation-tab\">\n\t\t\t\t        <p><strong>Khan and Rana <\/strong>(2023). <strong>Determinants of Crypto Trading Activity<\/strong>. Issue No. 1. Vol. 17 p. 44-56<\/p>                    <\/div>\n\t\t                    <\/div>\n        <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Determinants of Crypto Trading Activity Dr. Syed Md Faisal Ali Khan , Dr. Divya Rana Vol 17 , Issue 1 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3464","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/comments?post=3464"}],"version-history":[{"count":5,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3464\/revisions"}],"predecessor-version":[{"id":3745,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3464\/revisions\/3745"}],"wp:attachment":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/media?parent=3464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}