The Brazilian market has lately been experiencing exponential growth in the cryptocurrency space with a steady increase in the purchase of virtual currencies. By the end of 2017, 1.4 million Brazilians engaged in either the purchase or sale of cryptocurrencies. Many of the Brazilian crypto-exchanges have recorded daily enrollment of new users steadily increasing from an average of 500 new users per day to numbers as high as 5000 a day. As a matter of fact, there are more investors buying virtual currencies today than there are in the stock market.
Effective Cutting-Edge Service with Greater Diversity of Currencies.
Despite this, the services provided by the primary Brazilian exchanges are deficient, and they are receiving countless basic complaints by users. The most frequent user complaints include lack of approval of new registrations, a delay in deposit approval, limited coin diversity, high rates in comparison to international offerings, and delays in withdrawal requests.
Having identified these problems, a team of developers set out to develop a platform designed to efficiently adjust to markets demand without compromising the primary user experience. CriptoHub identified an opening in the Brazilian market for a well-structured exchange that can solve the aforementioned issues by providing a more effective, cutting-edge service with a greater diversity of currencies and uncomplicated withdrawals.
Increased Agility When It Comes To User Withdrawals.
With a population of over two hundred million people in Brazil, the scope for CriptoHub’s potential growth is huge. Currency is traded daily, averaging 75 million dollars in Bitcoins. It is estimated that the three largest Brazilian exchanges are handling transactions worth more than 500 bitcoins a day. Keep in mind that this number does not give consideration to transactions carried out through other coins.
Currently, the largest Brazilian exchange has recorded over one million registered users, with its closest competitor cutting it close with well over five hundred thousand users. CriptoHub plans to attract more than 1.5 million users. To reach these numbers, it will utilize the key differentiators they have