CoinMetro, a popular platform for exchanging cryptocurrencies in Estonia, has gained a lot of ground in the past a few years, although the ongoing pandemic has resulted in widespread disruption. One of the major developments during the year is the launch of a digital securities market in partnership with Ignium.
The launch of digital securities was soon followed by the sale of CoinMetro Bond, which went into operation in November 2020 with the aim of raising EUR 2,500,000. The Tokenized Bond offer ends on January 30th, 2021 and allows users to buy CoinMetro bonds for less than EUR 10 and earn annual interest of 8-12% over a fixed term of 2 years. The platform is now sold out, bringing in 2,500,000, of which more than EUR 2,000,000 in investments have been made in less than 24 hours.
Bitcoin’s uptrend and the extremely positive outlook for the cryptocurrency market made 2021 a great year for CoinMetro. Within the first two weeks, the platform found that its monthly revenue exceeded that of another month, forcing the company to revise its estimates for the remaining days in January 2021. According to official forecasts, CoinMetro’s registrations will increase by more than 25-fold in January 2021, combined with a 63-fold jump in sales and a whopping 380-fold increase in trading volume. CoinMetro’s growth is also reflected in the value of XCM – the platform’s native token, which has seen a 300% increase this month.
Last year, CoinMetro’s total annual volume grew 30x, combined with a 20x increase in sales and a 12x increase in the number of new registrations. If recent performance is any indication, the platform could outperform itself significantly in 2021. Aside from CoinMetro, other exchange platforms also expect the new year to be a positive one for them, as soaring 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, a significant proportion of whom will be active traders. They will create sustainable demand for crypto assets and further boost crypto prices and platform revenues in the form of trading and exchange fees.
CoinMetro was founded by Kevin Murcko and provides people with access to products and services that solve problems related to traditional finance and help them create wealth. In addition to cryptocurrency exchanges and Europe’s first end-to-end security token platform, CoinMetro also offers margin and copy trading functions that support both fiat and crypto collateral. Unlike some of its peers, most CoinMetro products are manufactured in-house and offer an enhanced user experience at a low cost. Last year CoinMetro launched its own fiat on ramp solution that supports deposits and withdrawals in USD, EUR, GBP and AUD with multiple payment options. The platform has the necessary licenses from the Estonian government and is registered with the regulatory authorities in Australia and the USA.
The growth of the platform is further fueled by some of the much anticipated developments, including the introduction of a secondary security token market, an XCM staking platform, additional licenses, and significant UI and UI improvements to the platform. CoinMetro looks forward to helping several new companies raise funds on its platform and explore partnerships with trading software providers and other major players in the crypto space. Overall, CoinMetro intends to make 2021 a year full of surprises for its community.