Caspian, the crypto trading platform, has reported an eighty-five percent (85%) increase was registered in Caspian’s trade volumes in the last quarter of June 2019 than how much it was initially valued at five hundred and seventy-eight million ($578M). The final price amounted to one billion dollars ($1.086B).
The firm has been advertising itself as a one system solution for crypto asset management. Their core targets are institutions and they have been working on making institution grade trading solutions for the past fifteen (15) years solutions.
30 spot exchanges and 7 derivative exchanges are currently facilitated by Caspian. Sophisticated trading algorithms, real-time and historical P&L and exposure tracking and professional customer service are what Caspian is offering.
Their crypto trading solutions provide stack information and risk management. They have reached their milestone with the June trading figures. A pump of one billion dollars ($1.068) was experienced by the eighteen (18) month old crypto solution providing firm.
Hence, they have decided to take a step towards more transparency and will be showcasing the monthly trading volume statistics publicly and regarding their decision to incorporate trust between their firm and consumers.
The company’s Cheif Executive Officer (CEO) and co-founder of Caspian, Robert Dykes, expressed that they have grown tired of watching fake volume and trading figures portrayed by many companies.
Hence they have decided that as a company that is focused on building a crypto market for institution grade investment, they should publish their unaltered monthly revenue charts so that the market has real institutional data.
FOMO in play?
The fear of missing out (FOMO) action is playing out its part in the sudden spike before the crypto-winter that is rapidly approaching. Prices hiked on 26th of June after the news was broken on Cryptopolitan.com
June has been the month of ups and downs for the king of cryptocurrencies experts are claiming FOMO in heavy play throughout the month.