Coinstore Surpasses 3.6M Users and $450M Daily Transactions

Coinstore Surpasses 3.6M Users and $450M Daily Transactions

Time Stamp: August 27, 2023 10:26 PM
Source Node: 2851947

Key Takeaways

  • Coinstore has achieved a remarkable feat by amassing over 3.6 million users.
  • The crypto exchange has also witnessed a groundbreaking surge in daily transaction volume, soaring to an unprecedented value of $450 million.
  • Coinstore’s commitment to global expansion is evident through its dedicated local teams in various countries, including the UK, India, UAE, and more.

Crypto exchange Coinstore has achieved a significant milestone by surpassing 3.6 million users, while also experiencing record-breaking daily transaction volumes reaching $450 million.

The exchange mentioned in a PR shared with AlexaBlockchain that its global presence is underscored by dedicated teams in various countries including the UK, India, UAE, South Korea, Indonesia, Vietnam, the Philippines, and Malaysia, reflecting a strong commitment to serving users with local market expertise.

Coinstore also stated that Singapore’s evolving regulatory landscape for digital assets offers a promising opportunity for expansion. The Monetary Authority of Singapore (MAS) has issued new guidelines that Coinstore believes foster an atmosphere of trust and transparency for stakeholders in the digital asset industry in the region.

To celebrate its exponential growth, Coinstore has planned a major event in Singapore titled the ‘Coinstore Brand Launch Conference 2023’.

Set for September 12 at The Fullerton Hotel, the conference will feature participation from prominent global blockchain companies such as Cardano, Dfinity, W3GG, Infinity Ventures Crypto, and Emurgo Ventures. Notably, the event has secured sponsorship from industry leaders including Animoca Brands, Unix Gaming, and Nordek.

Jennifer Lu, one of the Co-Founders of Coinstore, reflected on the journey that the digital asset exchange has undertaken since its inception in December 2020. At the time of its launch, the understanding and awareness surrounding digital assets were relatively limited. However, Lu’s statement highlights the remarkable transformation that Coinstore has undergone within a relatively short span of time.

Moreover, Lu’s forward-looking ambition for Coinstore is both ambitious and inspiring. By 2025, Coinstore aims to become the primary entry point for digital assets at least in emerging markets, and positioning itself as a gateway for newcomers and enthusiasts alike to access the world of cryptocurrencies. This ambition underscores the exchange’s commitment to providing accessible and user-friendly services, aiming to cater to millions of users on a global scale.

With over 200 staff members across 13 centers worldwide, Coinstore is committed to providing localized services to its diverse user base. The exchange differentiates itself by focusing on meticulous business logic and positioning, offering a premier platform for exclusive listings in a dynamic cryptocurrency exchange landscape.

The Coinstore Brand Launch Conference 2023 in Singapore, coinciding with the renowned Token2049 blockchain event, marks the official introduction of Coinstore as an emerging digital asset exchange. The event is anticipated to unveil the exchange’s fresh brand positioning, highlight key regional markets, introduce new products and services, and outline the company’s strategic plans for the future.

Attendees of Token2049 are invited to visit Coinstore’s booths during the event to learn more about the platform. Additionally, Coinstore is hosting the “Coinstore Gamefi night” at The Spot Singapore on September 13th at 7 PM, offering attendees a chance to engage and network.

Read Also: Ripple Receives Payments License in Singapore

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