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VirgoCX Sees Explosive Growth as it Doubles Down on Easy and Secure Crypto Trading

VirgoCX Sees Explosive Growth as it Doubles Down on Easy and Secure Crypto Trading
  • VirgoCX is Canada’s top regulated cryptocurrency trading platform.
  • The firm is a Restricted Dealer in the Ontario Securities Commission (OSC).
  • VirgoCX is taking decisive steps to make crypto safe and accessible to daily users.

As the blockchain and cryptocurrency industry continues to make its way into traditional finance, trading platforms are becoming more and more important to its development. Many are now navigating a transition from niche applications to mass-market tools that welcome thousands of new users every day.

One of these is VirgoCX, Canada’s top regulated cryptocurrency trading platform, which recently reported a total trading volume of over 300 million CAD. During the first half of the year, it also saw exponential growth in its user base.

The firm attributes its success to its dedication to user experience. VirgoCX is an easy-to-use platform that has recently introduced important features to make trading more secure, educational, and accessible thanks to proper vetting and curation, the development of useful content strategies, and its corporate initiative in supporting charitable organizations such as SickKids Foundation. VirgoCX CEO Adam Cai has reflected on this, saying that

“This growth is especially welcome as we introduce more exciting features in the next few months, including a brand-new app and website, more token listings, and innovative crypto products. VirgoCX is growing along with the quickly evolving industry.”  

By continuing to add new features, VirgoCX hopes to become the most trusted one-stop solution for cryptocurrency traders and blockchain enthusiasts not only in Canada but across the globe. In Q3 2021, VirgoCX already plans to launch an OTC RFQ system called VirgoCX Direct. This will allow its institutional and high-net-worth users to use an institutional-grade cryptocurrency trading platform that can handle large order sizes around the clock with tight spreads and no price slippage. Likewise, there are plans to delve into services such as NFT brokerage, staking, DeFi asset management, margin trading, as well as crypto saving. All of which are part of the firm’s plans for global expansion.

VirgoCX has also taken a proactive approach to local concerns. It has welcomed the role of regulators in Canada believing that their work is essential to market integrity and protecting investors. The firm is seeking to comply with all relevant authorities and recently became one of the first trading platforms to apply for registration as a Restricted Dealer in crypto assets with the Ontario Securities Commission (OSC).

It is also taking a similar path in the rest of the country and will soon apply to register as an Investment Dealer and become an Investment Industry Regulatory Organization of Canada (IIROC) member. These steps will help VirgoCX better serve institutional clients.

Altogether, VirgoCX is taking decisive steps to make crypto safe and accessible to everyday users. Its recent growth is a sign that the right way to do this is by streamlining their trading experiences and offering them advanced technology, superior liquidity, and best-in-class security.

Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.