A notable surge in cryptocurrency buying and selling, notably amongst high-net-worth purchasers, has been witnessed this yr, because the digital asset trade Cash.ph surpassed the numerous milestone of $1 billion in buying and selling quantity.
In a current report, the crypto buying and selling platform highlighted the distinctive efficiency of its TradeDesk service, an over-the-counter channel particularly designed for high-net-worth people and institutional purchasers. The clientele of TradeDesk primarily contains digital asset fanatics, import-export enterprises, remittance suppliers, and e-commerce retailers.
Wei Zhou, the CEO of Cash.ph, expressed pleasure within the achievement, stating, “Exceeding the $1-billion threshold this yr is a testomony to the superior expertise TradeDesk gives to our prospects, and signifies the belief our rising consumer base has in Cash.ph.”
Launched in November of the earlier yr, TradeDesk provides a various vary of digital property, together with Tether (USDT), USD Coin (USDC), Bitcoin, and Ethereum. The platform additionally helps buying and selling in numerous foreign currency, equivalent to US {dollars}, euros, pound sterling, Singaporean {dollars}, Australian {dollars}, and different main fiat currencies. Notably, the minimal buying and selling dimension on TradeDesk is ready at $20,000, with purchasers having the pliability to make funds by way of banks, e-wallets, and Cash.ph’s proprietary pockets.
Cash.ph has regularly advanced its choices, introducing a QR (fast response)-based fee technique final yr to align with the federal government’s push for cashless funds. “Our prospects worth TradeDesk for its tailor-made buying and selling expertise, supported by devoted account managers promptly addressing queries and offering quotes,” Zhou remarked.
Established in 2014, Cash.ph operates as a regulated crypto trade below the oversight of the Bangko Sentral ng Pilipinas, boasting a consumer base exceeding 18 million. The current surge in buying and selling quantity displays not solely the platform’s dedication to delivering a seamless buying and selling expertise but in addition indicators a rising pattern of heightened curiosity and participation in cryptocurrency buying and selling, notably amongst prosperous people and companies within the Philippines. As digital property proceed to realize traction globally, Cash.ph seems well-positioned to additional lead the cost in facilitating safe and complex cryptocurrency buying and selling experiences.
