CoinMetro, a popular Estonia-based cryptocurrency exchange platform has gained a lot of ground in the past one year, despite the ongoing pandemic causing a widespread disruption. One of the significant developments during the year is the launch of a digital securities marketplace in association with Ignium.
The digital securities marketplace launch was soon followed by the CoinMetro Bond sale that went live in November 2020, with a target to raise EUR 2,500,000. Set to end on January 30, 2021, the tokenized bond offering allows users to purchase CoinMetro bond for as less as EUR 10 and earn an annual interest of 8-12% over a fixed 2-year term. The platform has now sold out, raising 2,500,000, of which over EUR 2,000,000 worth of investment was received in under 24 hours.
Meanwhile, Bitcoin’s bullish trend and a highly positive outlook towards the cryptocurrency market has turned 2021 into a great year so far for CoinMetro. Within the first two weeks, the platform has witnessed its monthly revenue surpass that of any other month, which has forced the company to rework its estimates for the remaining days of January 2021. According to official projections, January 2021 will see CoinMetro’s signups increased by 25 times, combined with a 63x jump in revenues and a whopping 380 times rise in trading volume. The growth of CoinMetro is also reflected in XCM’s value – the platform’s native token which has registered a 300% increase in this month.
In the last year, CoinMetro’s total annual volumes rose by 30 times, combined with a 20-fold increase in revenues and a 12-fold rise in the number of new registrations. If the recent performance is any indication, then the platform might end up outperforming itself by a huge margin in 2021. Apart from CoinMetro, other exchange platforms are also expecting the new year to turn out positive for them as the rising cryptocurrency prices have renewed investor interest in the digital asset. A large number of new users on these platforms are expected to be first-time crypto investors and traders, of which a significant portion will be active traders. They will create a sustainable demand for crypto assets, further strengthening crypto prices as well as platform revenues in the form of trading and exchange fees.
Founded by Kevin Murcko, CoinMetro is designed to offer people access to products and services that solve problems associated with traditional finance, while helping them create wealth. Apart from the cryptocurrency exchange and Europe’s first end-to-end security token platform, CoinMetro also offers margin and copy trading features supporting both fiat and crypto collaterals. Unlike some of its counterparts, most of the products on CoinMetro are built in-house, capable of providing an enhanced user experience at low costs. Last year, CoinMetro launched its own fiat on-ramp solution supporting USD, EUR, GBP and AUD deposits and withdrawals using multiple payment options. The platform holds necessary licenses from the government of Estonia and is registered with regulators in Australia and the United States.
The platform’s growth will be amplified further by some of the much-awaited developments including the launch of a secondary security token marketplace, XCM staking platform, additional licensing and significant improvements to the platform’s UI and UX. CoinMetro looks forward to supporting multiple new companies with fundraising on its platform while exploring partnerships with trading software providers and other big players in the crypto space. Overall, CoinMetro intends to make 2021 a year full of surprises for its community.
