In September 2021, MidChains successfully completed its inaugural trades for Bitcoin, Ethereum, Litecoin and Bitcoin Cash, and we are now listing new virtual assets on our platform.
This is an important step in our growth plans, allowing us to reach out to more potential investors who are always on the lookout for new and diverse investment opportunities.
Globally we are facing the first potential recessionary cycle in a decade, however this can also be considered as a time to make smart investments.
Leading global crypto risk intelligence firm Chainalysis in its latest report estimated that $25 billion worth of cryptocurrency transactions were completed in the UAE last year, which is third highest in terms of value in the Middle East, just behind Lebanon and Turkey.
Meanwhile, a survey conducted by Toluna, an international online market research company, showed that 78 per cent of UAE residents, who were among the 9,000 international respondents who participated in the study, were keen to increase to investment in Virtual assets.
These data point to a market that seems ripe for the picking, given the right timing and new virtual assets that are being listed.
Here are the new virtual assets we have added to our platform:
- DogeCoin, a parody Virtual asset based on a viral internet meme of a Shiba Inu dog breed that has reached a market capitalization of over $10 billion as of June 2022. It is derived from the same technology as Litecoin and allows for quick, secure transactions.
- Polygon (Matic), is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.
- Chainlink (LINK), a blockchain abstraction layer that enables universally connected smart contracts. By February this year has secured more than $60 billion deposits into smart contracts and is being used in over 1,000 projects worldwide.
Diversify your investments with crypto in our transparent market and start trading today at www.trade.midchains.com.
MidChains prides itself on being a platform that offers a strong value proposition that includes multiple state-of-the-art trading tools, competitive pricing, no hidden fees or spreads.
A fully regulated virtual asset trading platform and custodian, backed by world-class and reputable shareholders, MidChains is becoming the platform of choice for a growing number of investors who value transparency, safety and, most of all, credibility.
Things are about to get exciting as we go for our next milestone.