Blockchain.com Hits Milestone with $1 Trillion in Crypto Transactions
To those that thought cryptocurrencies were an internet novelty or simply a flash-in-the-pan: the numbers don’t lie.
Blockchain.com, a pioneering crypto financial services company that was founded in 2012, recently exceeded $1 trillion in crypto transactions. What is even more interesting is that representatives of the company claim nearly a fifth of this amount (about $200 million) was transacted over the last six months.
A few years ago, crypto and blockchain became increasingly popular topics across the internet and business world, but the complex nature of both technologies left many unsure about wide scale usage and potential application. It really wasn’t until the explosive growth of bitcoin over the last two years (which is currently valued just below $42,000 per coin) that the general public finally wanted to join in on the revolution.
CFO of Blockchain.com Macrina Kgil commented on this impressive achievement for the platform, stating, “This milestone isn’t just a monumental feat for us, but for the entire industry – demonstrating the sheer magnitude of interest in crypto across the world.
There are quite a few reasons as to why this news is excellent for the crypto/blockchain market, but the most significant may be that the technology has finally moved out of the experimental stage and has cemented itself as a major force in global finance. The huge rise in investments from businesses, financial institutions, and individuals over the course of the last six months alone shows that the honeymoon stage may finally be over.
Edited by Maurice Nagle
