After reaching an annual turnover of more than $40 million in over-the-counter (OTC) transactions, the digital asset exchange KoinKoin, which primarily serves the African continent, has announced its intentions to expand its operations to other parts of the world.
Read: Kenyan startup Turaco raises $10 million, aims for 1 billion users
Users can engage in worldwide trade at any time, day or night, 365 days a year, via the platform provided by KoinKoin. Thanks to the company’s deposit system, customers can rapidly purchase and sell cryptocurrency. Application programming interfaces (APIs) provide market data and real-time information regarding the best prices.
KoinKoin’s aims with the expansion
According to Ola Atose, the founder of KoinKoin, “We set out to build a highly secure platform, with the aim of becoming the go-to exchange for all cryptocurrency requirements not just in Africa, but for all businesses and individuals with an active interest in Africa from around the globe.” KoinKoin aims to become the go-to exchange for all cryptocurrency requirements, not just in Africa but for all businesses and individuals from around the globe who have an active interest in Africa. Over the past year, there has been a big rise in demand, which has led to a rise in the number of transactions that happen outside of a market. Clients are more interested in accessing huge amounts of liquidity from over 100 exchanges worldwide.
Kenya’s Tech Startups Benefit from Enhanced Enterprise Financing
The digital asset trading platform is also putting the finishing touches on a new app that will be revolutionary and exciting for its customers. The app will compete with Blockchain.com and Coinbase by offering better customer-focused features and access to the best crypto assets on the market. The move is part of KoinKoin’s larger plan to start competing in the retail market and greatly affects what consumers want from retail stores.
As the demand for cryptocurrencies and blockchain technology continues to grow, they are committed to expanding their global reach, creating and launching new services, and hiring more sales and customer service staff. They will launch a revolutionary and exciting new app in the coming weeks.
What is KoinKoin all about?
KoinKoin is a digital asset exchange with a focus on Africa, and it is a place where people may trade fiat currency and cryptocurrencies. In a world where Brexit and pandemics have passed, KoinKoin makes it simpler to buy, sell, and transfer digital assets throughout Africa, South East Asia, and Western Europe.
KoinKoin’s foundation
Ola Atose brought KoinKoin to the market in 2017. It makes buying, selling, and transferring digital assets easier for people in Africa, Southeast Asia, and Western Europe. As part of its expansion goals, KoinKoin will strive to quadruple the headcount of its 15 full-time staff members across the company’s offices in Nigeria and Ghana and augment its C-suite team, which is currently operating out of London, as well. These offices are located in Nigeria and Ghana. Additionally, the firm indicated that it intends to make additional hiring in its core operational nations of Nigeria, Ghana, Kenya, South Africa, and Antigua & Barbuda.