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New Zealand’s Cryptopia Virtual Exchange Gets Over 2 Mln Customers in One Year

  • Yuri Molchan
    📰 News

    Cryptopia exchange achieves 2 mln clients in less than a year


New Zealand’s Cryptopia Virtual Exchange Gets Over 2 Mln Customers in One Year
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Cryptopia, an altcoin exchange based in New Zealand, works with a big line of coins. Recently it has made public that the number of its regular users has grown by slightly under 120 per cent since late 2017. Presently it has reached 2 mln users.

Blooming in the midst of an overall crisis

Even though the market remains in the red, many countries are still enjoying the benefits of the crypto boom. Cryptopia, it seems, is one of those startups that is doing pretty well, along with other companies. The exchange has announced the unexpected rise in its user-base by over 100 per cent since the times of Bitcoin reaching $20,000. Now Cryptopia boasts slightly more than 2 mln traders.


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More clients – more staff

Apart from the growth of the user-base, the number of staff on Cryptopia’s payroll has also increased. Currently, almost 100 employees help the management team work with the increased amount of customers. Over almost a year, the number of employees has grown by almost 400 per cent.

Cryptopia has also hired a new managing director who supervises the sales and marketing teams. Previously this man has worked in the local office of Microsoft in the position of CMO.

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Australia helps New Zealand’s exchanges

Cryptopia and other local crypto exchanges are reportedly enjoying the growth and profits due to the positive position Australia has taken regarding crypto investments.

The local media is reporting that there has been a large surge in crypto investments among local retail investors and average households. According to a poll where 2,000 respondents took part, back in August almost 15 per cent of the respondents owned crypto compared to just 5 per cent in winter.

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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