Crypto Currency Trading and The Impact On Global Digital Finance

Abstract

The research work examined the impact of cryptocurrencies on the global financial market between 2005 to 2021 respectively. Global financial market was proxy by international liquidity whereas, cryptocurrencies was proxy by Bitcoin, Ethereum, Tither and Binance coin. Questionnaire were distributed to investors in cryptocurrencies and global financial market within the sample size of 1500. The raw data obtained were scaled using the linkel method to produce acceptable data for econometric analysis. In analyzing the data, the researcher employed econometric techniques such as Box Jenkin Q Statistic and EGARCH model to examine the linear dependency and volatility rate of cryptocurrencies in the global financial market. The test result revealed the absence of linear dependency and increase in exponential volatility rate in the currencies.