One of the world’s largest independent financial services organisations, deVerre has recently announced about adding two popular cryptocurrencies, Monero and Stellar to its cryptocurrency exchange app. The announcement stated that the recent listing was based on public demand as currently “digital money becoming even more mainstream”.
The new listings mean that the users are now able to buy, sell, store and exchange seven major cryptocurrencies which are currently available on the exchange platform. The full list of currently existing digital coins on the app is completed by such big cryptocurrencies as Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC), Ripple (XRP) and Dash (DASH).
The founder and CEO of deVere Group, Nigel Green commented on the recent listing stating that they have further expanded their offering on deVere Crypto to include Stellar and Monero as the users of the platform showed a huge interest in having an even more extensive crypto portfolio. “People are piling into cryptocurrencies. The surge in demand is being fuelled by digital currencies becoming ever more mainstream. Both retail and institutional investors are finding it increasingly hard to ignore the potential opportunities of crypto currencies”, said Green.
DeVere CEO also mentioned the main drivers for the current expansion of the crypto sector as he sees it. The key points included:
Growing appreciation and understanding of the need for digital, global and decentralised currency in an increasingly digitalised and globalised world.
World’s major tech companies as well as banking groups, financial institutions and household-name investors are investing in and start adopting cryptocurrencies.
Regulation of the sector is now becoming inevitable.
Technology behind cryptocurrencies is constantly improving; scalability issues are being improved to bolster transaction processing capacities.
Talking about the addition of the two new digital coins to deVere Crypto platform, Mr Green concluded that all the digital coins have different characteristics as well as strengths and values and that such listings help achieving portfolio diversification within this specific asset class as their individual traits make them useful in different ways for investors.