Currency.com is experiencing rapid growth as demand for crypto assets soars.
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Trading volumes have soared by 197% on the fast-growing European crypto platform, affirming rising levels of crypto adoption among global investors.
Currency.com Sees Huge Growth
Currency.com, the high-growth European crypto platform, today reported a strong rise in global client numbers and trading activity for the first six months ending 1 Jul. 2021.
The number of new clients who opened an account on crypto platform Currency.com increased by 130% in H1 2021 compared to H2 2020. Over the same period, the crypto platform reported a surge in trading activity, with total trading volumes across all markets growing by 197%[1].
In the first half of this year, clients also increased their trading activity on the platform. The total number of trades executed by clients increased by 968% from H2 2020, with notable interest in Dogecoin. The top-traded cryptocurrency markets on the platform in H1 2021 included Bitcoin, Ethereum, Ripple, Litecoin, and popular meme coins.
These results reflect Currency.com’s growing reputation as a crypto platform of choice among cryptocurrency investors and the rising interest in cryptocurrencies globally.
Vitaliy Kedyk, Head of Strategy at Currency.com, commented on the findings:
“Our data shows that global adoption of cryptocurrency is firmly entrenched, showing no signs of slowing down. More global regulation, growing institutional interest and the ongoing search for alternative sources of returns in a low interest rate environment are lending support to the burgeoning asset class. More people are turning to cryptocurrencies. As a platform authorized and licensed to provide Distributed Ledger Technology services, Currency.com is well placed to support investors in their journey.”
Strong growth in recent months has been supported by Currency.com’s rapid response to clients’ needs. In H1 2021, Currency.com added 19 new ERC-20 and DeFi tokens to its platform[2]. Plans are underway to add more coins such as Pancake Swap, Stellar, Curve, and TRON, among others, by the end of the year.
Commenting on Currency.com’s forthcoming plans, Kedyk said:
“With a mission to enable more people to invest in cryptocurrencies safely and easily, we will continue to enhance our features and offer clients a wide selection of products in line with global regulations and best practices. Supported by our free and extensive education resources, we aim to offer new and existing clients a host of new solutions in 2H 2021.”
Currency.com is a high-growth, crypto platform seamlessly linking the booming world of cryptocurrencies with the world of traditional financial assets. The crypto platform is powered by simple, slick, and intuitive technology to empower investors to securely buy, trade, and invest in popular cryptocurrencies using both crypto and fiat currencies.
In markets where it is permissible to do so, the crypto platform additionally enables investors to trade tokenized equities, tokenised indices and tokenised commodities , thereby allowing more investors to diversify their digital assets beyond cryptocurrencies. To help investors trade with confidence, the crypto platform is fitted with robust risk management controls, transparent pricing, and extensive financial education content.
In 2020, the crypto platform reported a 374% growth in its client base, making it one of Europe’s fastest-growing cryptocurrency exchanges platforms. Venture Capitalist Viktor Prokopenya was an early investor in the company through his fund VP Capital.
Currency Com Limited is authorized by the Gibraltar Financial Services Commission to provide Distributed Ledger Technology services under license number 25032. The company has offices located in the U.K., Cyprus, Belarus, US, Gibraltar, and Ukraine.
To find out more, contact Shamillia Sivathambu at [email protected] or visit the website.
[1] Source: Currency. com trading activity, globally, H1 2021 (1/1/2021-1/7/2021) vs. H2 2020 (1/7/2020- 31/12/2020)
[2] *Currency Com does not provide services to clients who live in countries (are residents of countries) in prohibited jurisdictions. For the full list of prohibited jurisdictions, click here.
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Source: cryptobriefing.com
