Daily transaction volume on Coinstore touches an all-time high of US$450 million
Coinstore is now operational in 175 countries and with a major chunk of revenue coming from Indonesia, India, and Nigeria, enabling crypto for millions
Singapore, August 28, 2023: Coinstore, the world’s leading digital asset exchange, announced today that its user base has crossed the 3.6 million milestone, with daily transaction volume creating an all-time high value of $450 million. Coinstore’s dedicated local teams in the United Kingdom, India, the United Arab Emirates, South Korea, Indonesia, Vietnam, the Philippines, Malaysia, and other regions demonstrate its deep commitment to serving our users with expertise and understanding of their local markets.
The rapid developments in Singapore’s regulatory landscape for digital assets will provide a fertile platform for Coinstore to expand its services and userbase across the globe. The latest regulatory guidelines for digital assets issued by the Monetary Authority of Singapore (MAS) will create an environment of trust and transparency for all the stakeholders in the industry in the region.
Inspired by the exponential growth, Coinstore is hosting a mega success event in Singapore titled ‘Coinstore Brand Launch Conference 2023’ on September 12, 2023, at The Fullerton Hotel, which will witness active participation from global blockchain companies like Cardano, Dfinity, W3GG, Infinity Ventures Crypto, and Emurgo Ventures. The mega event has received generous sponsorship from industry leaders including Animoca Brands, Unix Gaming, Nordek, and more.
Commenting on the development Jennifer Lu, Co-Founder at Coinstore, said, “We started Coinstore in December 2020 when awareness around digital assets was limited, but we are excited to reveal that Coinstore transformed into a global force with over 3.6 million users who share our vision for the industry. By 2025, our ultimate ambition is to cement our status as the primary entry point for digital assets, cater to millions of users worldwide, and become the premier global platform in emerging markets.”
“With over 200 international staff and 13 centres worldwide, we are committed to providing localized professional connections and services to our global user base,” she added.
Bringing together premium assets from around the world, Coinstore aims to establish itself as the leading global platform for exclusive premier listings. In the rapidly evolving landscape of cryptocurrency exchanges, Coinstore stands out by thoroughly analysing its business logic and positioning. With a strong emphasis on product and service experiences, Coinstore proudly presents its brand positioning and value proposition as “The Premier Global Platform for Exclusive Premier Listings.”
Leveraging on the momentum of the world’s largest blockchain event, Token2049, the upcoming Coinstore Brand Launch Conference 2023 in Singapore marks the official debut of the emerging digital asset exchange, Coinstore. During the event, Coinstore will globally unveil its fresh brand positioning, unveil key regional markets, introduce products and services, and outline the company’s future strategic plans.
Attendees at Token2049 are cordially invited to visit Coinstore’s Token 2049 booth on the 4th floor (P124) and 5th floor (P19) of the main exhibition areas on September 13–14, 2023. Additionally, on September 13th at 7 p.m., Coinstore will be hosting the “Coinstore Gamefi night” at The Spot Singapore.
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