Following its unprecedented growth during the first quarter of the year, Currency.com is all set to expand its services in North America. To further its market share, the platform has appointed blockchain veteran Steve Gregory CEO of its US subsidiary, Currency.com US LLC.
Platform Sees Major User Inflows The First Quarter Of 2021
Despite its volatile nature, the number of crypto users has increased spectacularly over the last year, primarily due to the surge in Bitcoin prices and other digital assets. With new platforms constantly entering the market, one company has made a name by providing unrivaled trading power and speed while seamlessly linking traditional financial assets with cryptocurrencies.
Currency.com has achieved significant growth metrics for Q1 2021 by ensuring reliable security and compliance while retaining competitive and open pricing. Continuing the trend from 2020, the platform created even higher engagement growth figures for the first three months of 2021, with new user acquisition increasing by 250% and total trades rising by 134% quarter-on-quarter. During this period, the most traded currencies on the network were Bitcoin, Ripple, Dogecoin, Ethereum, and Litecoin.
Currency.com welcomes all types of investors and provides tokenized securities that monitor and enable you to invest in the underlying market price of popular financial instruments such as global equities, indices, and commodities. The platform makes complex trading quick and simple, making it appealing to both new and experienced traders.
Furthermore, Currency.com users can trade across several categories such as cryptocurrencies, tokenized stocks of some of the world's largest corporations, and commodities, including gold, silver, and oil. Currently, the platform is working on adding corporate bonds to the mix to ultimately enable users to trade on more than 10,000 tokenized assets.
Steve Gregory To Spearhead US Growth Strategy
Currency.com has appointed Steve Gregory as the CEO for its American subsidiary, Currency.com US LLC, to capitalize on the massive uptick in American and Canadian crypto investors. As part of the senior management team, Steve will be leading the team on its mission to make the world of finance more accessible, engaging, and useful.
Based in New York, Steve leverages years of leadership, blockchain, cryptocurrency, digital assets, and fintech to the table. His previous experiences with CEX.io as the Chief Compliance Officer and Corporate Counsel and with Gemini make him the perfect leader to help Currency.com develop the best trading service on the market and expand its market share in the US and Canada.
Vitali Kedyk, Currency.com’s Head of Strategy, is excited to have Steve in the leadership team. He remarks, “Steve’s knowledge and experience in the global and US cryptocurrency space combined with his phenomenal eye for legal oversight make him a great fit for us. Steve has a wealth of experience in the industry, and his appointment will help to ensure we continue to meet our growth ambitions for 2021 and beyond.”
Steve is excited to be part of the team. Concerning his new role and upcoming plans, he explained, “I am very excited to join the team here at Currency.com, especially during this period of continued growth and expansion. As the cryptocurrency space grows in popularity, it’s imperative that we continue to uphold the highest regulatory and compliance standards to help more people invest with confidence. I am looking forward to contributing to the long-term success of the business.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.