Blockchain.com launches exchange and wallet to Washington’s 7.6 million residents
The brokerage firm boasts more than 37 million verified users in more than 200 countries who leverage Blockchain.com to monitor, buy, sell, trade, and store crypto using a non-custodial Wallet, lightning-fast Exchange, and renowned blockchain Explorer.
Blockchain.com has made crypto trading available for Washington’s 7.6 million residents and quickly its Wallet and Exchange saw a collective 60% spike in daily active users and a 40% increase in sign-ups from Evergreen State users.
The cryptocurrency platform is one of the world’s first and continues to expand across the United States, having launched in more than 30 states in recent months, including Iowa, Oklahoma, North and South Dakota, Georgia, and most recently Kansas.
37 million verified users in more than 200 countries
While the Blockchain.com Wallet is available in nearly 50 states, the company maintains an ongoing focus on giving residents of all 50 states access to the Exchange.
Brooks Wallace, Blockchain.com Head of Communications, said: “We’re excited to expand crypto access into the Pacific Northwest. Blockchain-based startups are rapidly growing across the Evergreen State, and residents have shown a real interest in embracing crypto. We look forward to providing anyone interested in the future of finance with accessible and trustworthy resources to access the crypto ecosystem.”
The brokerage firm boasts more than 37 million verified users in more than 200 countries who leverage Blockchain.com to monitor, buy, sell, trade, and store crypto using a non-custodial Wallet, lightning-fast Exchange, and renowned blockchain Explorer.
Based in London and Miami, Blockchain.com has raised more than $500 million in funding from leading global investors including Eldridge, GV, Kyle Bass, Lakestar, Lightspeed Venture Partners, Moore Strategic Ventures, Rovida Kruptos Assets Limited, and others.
In October, the firm launched custodial and brokerage services in Michigan in order to allow its more than 10 million residents to have access to the trading platform. Michigan user sign-ups doubled upon launch.
Blockchain.com valued at $5.2 billion
Blockchain.com is currently valued at $5.2 billion and has reported more than $1.5B in 2021 YTD revenue as the company is home to a growing Institutional Markets business and boasts over 37 million verified accounts across more than 200 countries.
The firm has recently launched leveraged trading on its cryptocurrency exchange, featuring margin with up to 5:1 leverage in the BTC-USD trading pair.
The margin trading service, available in more than 150 countries, allows traders to multiply exposure to the markets, both increasing the potential for profit but also for loss.
Blockchain.com is one of the world’s oldest and cryptocurrency platforms and is now following the leveraged trading trend that has taken the crypto space by storm.
The platform allows flexibility with fund management, so traders can use either a base or counter currency to open margin positions.
With .12% daily (.0005% hourly) on open margin positions, Blockchain.com claims its margin rates are among the lowest and most competitive in the industry.
