Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform
July 5th, 2019
TORONTO, Ontario – VirgoCX, a Canadian blockchain FinTech company has gone live with its professional trading platform for retail and institutional traders. Pro traders, investors, crypto enthusiasts, and beginners can safely and securely buy, sell and trade Bitcoin, Ethereum and other popular digital currencies.
To encourage first-time users, VirgoCX sets up a program that rewards users up to $30 CAD to deposit and refer other users to the platform.
On April 23rd they launched the over-the-counter (OTC) trading desk that is already processing multi-million dollar volumes for the first two months. They soft launched their retail platform last week and attracted a couple of hundred registered users within the first week. Feedback from early users points to VirgoCX’s straightforward onboarding process; 1. register, 2. verify, 3. fund and 4. trade.
“The recent launch of our retail platform is another step towards becoming the most trusted and reliable cryptocurrency platform in Canada. As a FINTRAC registered MSB, retail and institutional clients can legally exchange fiat currency and cryptocurrency directly on our platform. We have strong internal compliance controls and working relationships with banks and global payment suppliers.” shares Steven Bie, VirgoCX’s Chief Compliance Officer.”
The retail platform is live for trading BTC, ETH, USDT against CAD and they plan to offer a wide selection of stable-coins through its stable-coin trading center in the coming months. The minimum OTC transaction size is $30K CAD, and the minimum retail trade is as low as $100 CAD.
“Our goal is to become the go-to cryptocurrency trading centre and first major stable-coin trading platform in North America. As of today, we have the lowest trading fees in the country, superb liquidity, user-friendly interface, and reliable payment partnerships, and we continue to monitor the market, add trading tools and various features to adapt to user demands. The best way to understand our value is to try our platform,” said Adam Cai, VirgoCX’s Chief Executive Officer.
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