It’s been 6 months since the launch of Currency.com, the first cryptocurrency exchange in Belarus. Here’s how the platform has evolved over its half a year in the market.
- Currency.com was launched in beta on January 15 and opened to a wider community of investors in May, along with the release of its mobile app in the App Store and on Google Play.
- The platform now has over 12,000 accounts and about 500 daily active users.
- The Top 5 countries by client base are Belarus, Russia, Great Britain, Ukraine and Germany.
- So far, Currency.com has enabled transactions by traders from 40 countries. The majority of its new clients come via referrals and recommendations.
- The turnover tripled in June to $205 million compared to the figures for May. By the end of 2019, Currency.com expects to boost revenues to several billion USD.
- In July, the exchange offered more than 1350 trading and investment tools, from Bitcoin, Ethereum and Litecoin to tokenized shares (Apple, Facebook), commodities and tokenized government bonds. For instance, in May, Currency.com issued tokenized government bonds on behalf of the Belarusian Finance Ministry, a low-risk tool with a 4,2% annual return. Interestingly, investments in tokenized shares tend to surge right after a company’s IPO. Some of recent examples of this phenomenon are Uber, Fiverr and Slack.
- There is an affiliate program in place, allowing its members to earn up to 60% commission for life.
Goals for 2019:
— onboarding for corporate clients;
— new markets (ETF, Russian markets);
— new cryptocurrencies (BCH, ETC, XRP);
— broader trading options (guaranteed stop loss, trailing stop, stop orders) and trading from charts;
— broader opportunities to deposit and withdraw fiat money with lower fees.