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

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.