Fintech May 2021 Market Overview
The fintech industry is rapidly growing year after year, making financial operations for people easier and quicker. New companies and deals appear every day with a promise to impact the game rules and make a change. GBKSOFT prepared a short overview of the most interesting fintech-related news of May 2021.
By: GBKSOFT Web Development Company
NEW YORK - May 31, 2021 - PRLog -- Online trading becomes popular among younger demographics
The New York Times reports that more and more people under 41 joined trading up compared to the previous years, as a lot of them are looking for efficient investment methods. Some of them make trading a part of online activity, for example, Kiersten Crum, who gained 190 thousand TikTok followers, educating people about stock markets.
American banks plan to sell bitcoins
It will be possible to buy and sell bitcoins via existing checking accounts, according to CNBC. The crypto company NYDIG with Fidelity National Information Services created a program that allows banks to offer this cryptocurrency to retail customers and corporations. A lot of banks feel pressure to add this service, as they acknowledge the data from the biggest bitcoin exchanging sites, as Coinbase or Kraken.
Payment, credit, and digital banks are on the top in emerging markets
Briter Bridges released a report of a study of the fintech industry in India, Africa, and Latin America. These markets were the most funded for the last few years, as there are a lot of opportunities to implement fintech solutions to everyday life. The leading products are payment and lending solutions, as well as neobanks.
To sum it up
There is still a lot to discover in the fintech markets at the moment. Crypto exchanges and trading are the main trends in 2021 and certainly, they will be growing bigger and bigger. Notably, trading is at the peak among millennials, so maybe it's time to create your own automated trading software!
Alexandra Rostovtseva CTO & Founder