According to CNBC’s report, SoftBank-backed start-up DriveWealth cryptocurrency will enter the trade.
While the company, which acts as an intermediary in the public offering of many companies such as Revolut, is on the agenda with the valuation it has gained in a short time, now the crypto money move is coming.
Founded by Bob Cortright in 2012, the start-up received support from investors such as SoftBank Vision Fund, Point72 Ventures and Insight Partners in 2020. The company, which reached a valuation of $ 2.85 billion from $ 200 million in a short time, has 15 million investors and more than 100 partners around the world.
“Still Wild West”
in mid-April or May bitcoin and Ethereum While expected to start trading, the CEO of the company said;
“Currently, the cryptocurrency space is still in the wild west format. Prices are different everywhere. There is very little price discovery and very little consistency in spreads. We want to change that.”
Thinking that Coinbase’s high transaction fees offer them a new opportunity in the market, the CEO said that high transaction fees are unsustainable and will become even more unbearable with the involvement of regulators in the future.
“High Customer Demand”
CEO bitcoin and cryptocurrency He used the following statements regarding the increasing demand for their units:
“Not just merchants, payment and finance applications want cryptocurrencies. E-commerce giants are now lining up to allow their customers to earn rewards in cryptocurrency.
Anyone interested in financial technology wants to incorporate them in the future. Large e-commerce companies find in their research that a large percentage of their customers want to own cryptocurrencies.”
The CEO declined to give the names of these e-commerce companies.