New Zealand’s Cryptopia Altcoin Crypto Exchange Surpasses 2 Million Traders in Under 1 Year

Cryptopia, A Crypto Exchange In New Zealand Reaches Two Million Users In Under One Year

New Zealand’s Cryptopia, which hosts a wide range of altcoins, has announced that its global user base has increased by 116% since the end of last year and is currently at over two million users. Find out more about this exciting development here below.

Despite all the gloomy forecasts about the crypto market, the cryptocurrency boom is still ripe in many countries. Cryptopia, the crypto exchange that is based in New Zealand, is among the major companies that are currently reaping the benefits of this ongoing cryptocurrency craze. The company has unveiled that it has successfully grown its global user base that spans numerous countries by more than 100% since last year December. Thanks to this increased user base, the company now prides itself in serving over two million users.

Internal Team Has Also Grown Significantly

Cryptopia, which was founded back in 2014 by Adam Clark and Rob Dawson, has also increased its internal team to help it manage the increased customer demand. The company has been growing its team gradually over time, and now it has more than 90 highly talented employees. That employee number represents a high, 389% increase in less than nine months.

As part of its growing team, Cryptopia has added a new director, Raj Wadhera, to lead its sales & marketing team. Wadhera served as a CMO for Microsoft’s New Zealand office, and he represents another highly experienced executive making the transition to a notable crypto exchange. Before he joined Microsoft, Wadhera served as the lead business manager at Vodafone in New Zealand and later moved to the UK office as the manager of convergence.

Remarkable Growth

Wadhera told Australia’s Business Insider that the cryptocurrency market was booming and that he was delighted to join one of the dynamic players in the sector. Alan Booth, Cryptopia’s CEO, also added that Wadhera is joining the company when it is in a significant, pivotal stage of accelerated growth. It is an exciting growth since the value of the entire crypto market went down by almost $200 billion over the last few months.

The unmatched growth that Cryptopia is experiencing is due to the overpoweringly positive attitude regarding crypto investments from both the government and citizens of Australia. According to local media reports, Australia has seen as a sizeable, threefold increase in crypto ownership amongst citizens. In a survey where 2,000 people were interviewed, the report showed that around 14% owned altcoins in August, in contrast to 5% in January.

The report findings which were also cited by Cryptopia revealed that nearly 80% of the respondents would readily use altcoins for their daily purchases if cryptocurrency usage were as seamless as using fiat currencies.