TORONTO, Oct. 31, 2022 (GLOBE NEWSWIRE) — Virgo Group of Companies, the holding body of Canada’s regulated cryptocurrency trading platform VirgoCX Inc. is going global by bringing its commission-free trading platform to Australia. The company is registered with the Australian Transaction Reports and Analysis Center (AUSTRAC) and has become available for users to buy and sell 60+ cryptocurrencies.
“Australia is a fast-growing market with increasing crypto adoption and mature real-time bank transfers. I was excited to see the passionate and strong community during my visit several weeks ago,” said Adam Cai, CEO of Virgo Group. “Virgo group has full confidence in the potential of the Australian market and looks forward to this new chapter.”
Based in Toronto, Ontario, VirgoCX is one of the most trusted crypto trading platforms in Canada. Under the highly competent management team, the platform grew tremendously in recent years and became a major contributor to Canada’s crypto adoption by lowering the barriers and costs of entering the crypto markets, providing useful trading tools with a beginner-friendly user interface, and taking a proactive approach to regulations to ensure consumer protection. It is one of the few companies in Canada that obtained the limited dealer license from the Canadian Securities Administrators (CSA). This relentless effort has resulted in a record 1,700% year-on-year increase in trade volume from 2020 to 2021, with the total trade amount exceeding CAD 1 billion.
Despite the bearish market sentiment, the firm reaffirms its mission to accelerate global crypto adoption by entering Australia. Virgo stands firmly behind its belief in cryptocurrencies and other digital assets and strives to provide quality services for Australians to enjoy. It has officially launched the commission-free trading platform that offers a large selection of popular cryptocurrencies, free AUD & Crypto deposits and withdrawals, instant funding with PayID & BSB, as well as tight spreads on coin prices. It will soon introduce more extensive services, including stake and earnings products. Virgo will continue to innovate with a compliant approach to bring a trusted and transparent platform to Australian crypto users.
The firm’s expansion into Australia is critical to driving global crypto adoption. According to Finder’s Crypto Adoption Index, Australia has the fourth highest rate of crypto adoption in the world. The country also has a forward-thinking government that is determined to establish crypto regulations while encouraging technological innovation.
Virgo Group is set to emulate the success it has seen in Canada and become the trusted full service solution for all things cryptocurrency for all Australians.
About Virgo Group
Virgo Group of Companies is dedicated to providing commission-free crypto trading services globally. It covers multiple lines of business including fiat retail to crypto trading, crypto wealth management, NFT liquidity management and more. With continuous innovation in mind, Virgo Group is poised to become an integrated global service provider of digital assets.
Media contact
Nora Anwar
Marketing manager
[email protected]
Contact information:
Nora Anwar
Marketing manager
[email protected]
+16472177219
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