“Due to the current market conditions,” new entrants to the cryptocurrency market are “a bit hesitant,” Wang said. They either start with a small trade as a test or open an account and wait for their preferred market conditions. That’s why Metalpha focuses on existing clients. Most of them are clients in the cryptocurrency industry who are “extremely hungry for hedging solutions because they have lost so much”. [in this bear market]Some of them fear they will have to protect themselves if the market continues to move like this.
