Moneycorp Americas Enters The Crypto Space As An FX Liquidity Provider

Moneycorp is showing perfect timing. A recent industry report revealed that crypto exchanges accounted for over $14 trillion in trading volume in 2021 and there would be 1 billion crypto users by 2027.

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Moneycorp Americas has entered the cryptocurrency space as an FX liquidity provider for digital asset exchanges across the globe in a new vertical for payments specialists.

The company will help provide forex liquidity rails to cryptocurrency exchanges with competitive exchange rates and settlement times in an ecosystem that has been underserved by traditional banks due to their limitations and regulatory challenges.

Digital asset trading platforms will be able to rely on Moneycorp’s FX liquidity for better execution times and more accurate delivery, said the company which added the new vertical due to the growing popularity of crypto .

“With the rise of digital currencies, we believe the time is right for Moneycorp to join the space and impact the future of digital payments. Due to the risks and limitations in the industry, digital currency investors still face many hurdles when it comes to facilitating transactions and this is where Moneycorp hopes to offer its services by issuing more funds quickly and saving them money.

Moneycorp is showing perfect timing. A recent industry report revealed that crypto exchanges accounted for over $14 trillion in trading volume in 2021 and there would be 1 billion crypto users by 2027.

The top ten cryptocurrency exchanges generate up to $3 million in profits daily, according to Bloomberg estimates. This industry did not exist before 2009, which makes the fact even more amazing.

According to a report by Opimas, global trade revenue generated by cryptocurrency exchanges reached $24.3 billion in 2021, surpassing total revenue generated by traditional exchanges like the New York Stock Exchange for the first time. and the Nasdaq.

Revenue from crypto exchanges was up sevenfold from the $3.4 billion in sales recorded in 2020 and was 60% higher than the approximately $15.2 billion brought in by traditional stock exchanges, adds the report.

Revenue growth of around 600% is quite a number on a year-over-year comparison. The digital asset industry is clearly far from stabilizing volumes as the crypto space continues to mature and institutional participants join the party amid rising security, liquidity and regulatory approval.

Securities and Exchange Commission Chairman Gary Gensler told MarketWatch in a February interview that strengthening regulation of cryptocurrency exchanges will be a top priority for the agency in the months and years ahead.

He noted that the vast majority of crypto transactions occur on centralized exchanges and that “this centralized activity on these platforms requires the protection of investors, market integrity and anti-manipulation rules” that govern the markets of the other financial assets.

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Moneycorp Americas Enters The Crypto Space As An FX Liquidity Provider


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