India, Feb 17, 2021 /AlexaBlockchain/ – The ever-growing interest of global institutional investors in crypto asset has provided a felicitous near-term backdrop for the virtual market. Moreover, the developments in the past week played a booster for the world’s No. 1 digital asset Bitcoin, helping it cross $50,000. Bitcoin has become more acceptable with a strong positive Wall Street’s attention, driving it to a year-to-date gain of over 60%, compared with a rise of 2.8% for the Dow Jones Industrial Average , a 4.8% advance for the S&P 500 index and fetching 9.4% rally for Nasdaq thus far in 2021. The massive boom in Bitcoin and other cryptos is now enticing more new retail investors to invest and trade in digital assets. Consequently, crypto exchanges are now experiencing record surge in user signups.
Global cryptocurrency exchange and trading platform PayBito recently announced that their platform has been experiencing record signups after Bitcoin crosses the $40,000 mark. The massive price boom led crypto traders from across the world to visit PayBito and signup to invest in cryptocurrency.
In an interactive session with the media, Raj Chowdhury, Managing Director of PayBito, commented, “The rise of Bitcoin’s price acted as a catalyst, thereby attracting traders from all across geographies, leading to record signups on our platform. Owing to an increase in user signups, my team aims to keep updating and adding innovative trading features to provide our users with an unmatched trading experience.”
Previously, PayBito had experienced a notable surge in their trader volume and traffic owing to low trading fees and INR support. Apart from agility and scalability, the trading platform of PayBito remains employed with modern security standards, thereby making sure that traders enjoy and experience the best of trading, hence being secure against attacks and malicious activities.
Lately, PayBito collaborated with a USA-Based organization to help them with DeFi Payment Solutions. Supported by DeFi, the solutions provided by PayBito facilitate a 24/7 processing of multiple cryptocurrency and digital assets within a secure decentralized environment. Owing to an enhanced momentum in business requirements, the trading platform and solutions provided by PayBito remain one of a kind for enterprises and traders throughout the world.
India based Franc Exchange has also reported an overwhelming surge in new user registrations. This comes sharply after Bitcoin soared past the $40K mark to bend around $47K.
Mr. Prasanna K, entrepreneur and founder of Franc Exchange said, “The Indian traders have found an exciting opportunity in the form of crypto-currencies, especially after the Bitcoin’s rise. This response is the recognition of the value and the potential of trading in crypto-currencies that the young Indians have warmed up to.”