LONDON, UK / ACCESSWIRE / February 22, 2021 / 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.
"2020 was an important year for Currency.com and we are proud of the results we achieved," commented Jonathan Squires, CEO of Currency.com. "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...