Another global crypto giant is launching crypto trading services in Ireland

Online crypto trading company Crypto Shark has ventured into Ireland.

BAYSIDE, GIBRALTAR, Oct. 22, 2022 /EINPresswire.com/ — On September 20, CryptoShark announced cryptocurrency trading services for the Irish market designed to provide investors with easy access to managed crypto accounts alongside their existing bond portfolios.

It is the latest crypto finance company to enter Ireland. However, the move comes in the depths of a bear market when demand is low.

The technology has been developed in collaboration with CryptoShark Algorithm, a blockchain infrastructure company.

Institutional interest

Irish customers will now be able to trade through Crypto Shark and then on their automated algorithm while earning 3%-5% per month directly through the Crypto Shark mobile platform. Trading features such as stop loss (4%) and full liquidity are also available on the platform, according to the announcement.

Crypto Shark CEO Peter Roby said crypto accounts should be available to traders and investors.

“As the number of clients worldwide seeking exposure to cryptocurrency grows, it is becoming clear that digital assets should form part of a unified trading experience for active traders and sophisticated investors in Ireland after branching out to the UK.”

Senior market analyst at the firm, Mark Chamberlain added that the development of institutional investment in crypto has “led to a period of stabilization that has prompted major players to move forward with new digital asset offerings in the crypto market.”

Crypto Shark has noted that institutional adoption is increasing, which could lure retail traders back into the asset class again.

The company was started in 2018 and has since grown into a global leader in crypto trading through their revolutionary technology and data. More services and more crypto firms are likely to expand their services as demand increases.

Crypto Market Update

The crypto markets are still stuck in a sideways channel that has lasted for more than four months. Total capitalization is unchanged over the past 24 hours, remaining at $954 billion.

Bitcoin was changing hands at $19,140 at the time of writing, having moved very little over the past day. The situation was similar with Ethereum, which has gained half a percent as it returns to the $1,300 level.

There was no major movement in the top twenty as the consolidation and dullness continued. Analysts have warned of a big move ahead after such a long period of low volatility, and October is usually the month when markets crash.

Oliver Reynolds
Crypto shark
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