The rapid growth of cryptocurrencies: How profitable is trading in digital money?

– Cryptocurrency traders generate significant profits after considering transaction costs.
– Profitability levels can be sustained in subsequent activity.

– The paper examines the profitability of trading cryptocurrencies.
– It finds that cryptocurrency traders generate significant profits after transaction costs.

The paper states that cryptocurrency traders can generate significant profits after considering transaction costs, and that profitability levels can be sustained in subsequent trading activity.

– Lower levels of profits observed for the two indices.
– Weaker profit persistency observed for all digital assets.

– Millisecond data of frequently traded cryptocurrencies and cryptocurrency indices
– Examination of profitability and profit persistency in cryptocurrency trading activity

– Cryptocurrency traders can generate significant profits after considering transaction costs.
– Profitability levels in cryptocurrency trading can be sustained and expanded.

– Cryptocurrency traders generate significant profits after considering transaction costs.
– Profitability levels in subsequent trading activity can be expanded and sustained.

– Cryptocurrency traders generate significant profits after considering transaction costs.
– Profitability levels in subsequent trading activity can be expanded and sustained.

– The paper examines the profitability of trading in cryptocurrencies.
– Traders generate significant profits after considering transaction costs.

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