Place/Date: LONDON, UK - February 22nd, 2021 at 7:20 pm UTC · 3 min read
Contact: Currency.com, Source: Currency.com
Currency.com, the leading exchange covering both cryptocurrency and traditional markets in a single platform, announced major growth metrics year-over-year for 2020. The company grew the number of its clients by over four times compared to 2019, as well as posting even higher engagement growth figures.
Specifically, in 2020 the Currency.com platform saw a 374% increase in the total number of clients compared to 2019. The company succeeded in engaging even more users, with the number of clients who made their first deposit to the platform increasing by 447% in 2020. Overall, the total sum of deposits increased by 490% in the past year. Currency.com users generated a cumulative trading volume of $16 billion in 2020.
Jonathan Squires, CEO of Currency.com, commented:
“2020 was an important year for Currency.com and we are proud of the results we achieved. Just over a year ago we launched this revolutionary blockchain venture that provides crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes using cryptocurrencies.”
With the previous year being particularly notable for retail interest in both traditional assets and cryptocurrencies, Currency.com was able to benefit from the vigorous activity on both investment fronts. Pairs with Bitcoin and cryptocurrencies are seeing almost equal interest to traditional commodities and assets. Of the top ten most traded assets on the platform, half are from traditional finance, including gold, silver, oil and US Treasury bonds.
According to the CryptoCompare Exchange Benchmark 2021 and its latest digital asset exchange ranking, evaluating the top trading venues, Currency.com has improved its position moving up from 19th to 14th place. This is a significant step forward and the company is working hard to improve its rating further.
“Over the past 12 months we saw great traction both in the number of clients signing-up to the platform – from over 140 countries – and in the number of trades made. We are continuing to invest in the safety and security of the platform and in expanding our offering and services.”
Currency.com is accessible to all types of investors and issues tokenized securities that track the underlying market price of common financial instruments, such as global equities, indices and commodities. Some of the most popular market categories traded with include cryptocurrencies such as Bitcoin and Ripple; tokenized stocks of companies such as Amazon, Apple, Netflix and Chesapeake Energy Corp, indices such as the Dow Jones 30 and the S&P 500; and commodities such as gold, silver and Brent Crude. DeFi tokens were also added to the platform in 2020. In the same year, Currency.com also worked to be more accessible for clients by adding new deposit methods, such as SEPA, FasterPayments, UnionPay and a list of popular local e-wallets.
Currency.com is a regulated crypto assets platform. It enables crypto-holders to buy and sell popular cryptos as well as trade tokenized real-world assets including leading shares, indices, commodities, and currencies that mirror the value of the asset. Currency Com Bel LLC has been authorised to provide crypto exchange services by the Belarus High Tech Park since 2018. In 2020 the Gibraltar FSC DLT also granted Currency Com Limited permission number 25032. Viktor Propokopenya’s fund, VP Capital, was an early investor in the company.