Much of this can be attributed to word-of-mouth, growing media attention and an extended time of function offering proof of longevity.
Cryptocurrency also has trading credentials unique to its markets drawing many away from traditional platforms.
Cryptocurrency is relatively volatile, meaning traders are more likely to make a faster and more extreme profit with correct market anticipation.
New traders also have far greater access thanks to its relative deregulation.
A greater ability to get started with ease comes with requiring much less identity verification and a global 24-hour, seven day a week trading day means traders can access markets at their convenience.
Like in traditional markets, there are several different types of traders on the cryptocurrency market.
Day traders make up a solid proportion of day-to-day activity because of their tendency to build up a large volume of smaller trades in the effort to profit from short-term price movements.
Day traders usually close their trades at the end of their working days and begin fresh the following day.