Trading volumes soar by 197% on fast-growing European cryptocurrency platform; global client base express growing interest in Dogecoin.
Currency.com, the high-growth European cryptocurrency platform, today reported a strong rise in global client numbers and trading activity for the first six months ending July 1, 2021.
The number of new clients who opened an account on cryptocurrency platform Currency.com increased by 130% in H1 2021 compared to H2 2020. Over the same period, the cryptocurrency platform reported a surge in trading activity, with the total trading volumes executed on Currency.com across all markets growing by 197%.
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 five most traded cryptocurrency markets on the platform in H1 2021 included Dogecoin, Bitcoin, Ethereum, XRP, and Litecoin.
These results reflect Currency.com’s growing reputation as a platform of choice among cryptocurrency investors and the rising interest in cryptocurrencies globally.
Vitalii Kedyk, Head of Strategy at Currency.com commented: “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. Plans are underway to add more coins by the end of the year.
Commenting on Currency. com’s plans for the rest of the year, Vitaliy 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.”
About Currency.com
Currency.com is a high-growth, cryptocurrency platform seamlessly linking the booming world of cryptocurrencies with the world of traditional financial assets. The platform is powered by simple, slick, and intuitive technology to empower investors to securely buy, trade, and invest in popular cryptocurrencies using both cryptocurrency and fiat currencies.
In markets where it is permissible to do so, the cryptocurrency platform additionally enables investors to trade tokenized equities, indices, and commodities, thereby allowing more investors to diversify their digital assets beyond cryptocurrencies. To help investors trade with confidence, the cryptocurrency platform is fitted with robust risk management controls, transparent pricing, and extensive financial education content.
In 2020, the cryptocurrency 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 UK, Cyprus, Belarus, the US, Gibraltar, and Ukraine.
To find out more, visit the website.
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