Dear VirgoCX users,
2022 has come to an end, closing one of the most challenging chapters on cryptocurrency’s history. Starting with major coins reaching absolute new heights, to the fall of FTX, we have grown to become vigilant about the custody of our assets and how platforms are handling them.
Yet, as we enter the new year of 2023, I wanted to take a moment to reflect on the growth we have achieved this year, as Virgo is bracing headwinds and ready to tackle for a great year ahead.
First and foremost, I am thrilled to announce that our user base has grown around 120% over the past year. This growth is a testament to the hard work and dedication of our team, and we are grateful for your continued support!
In addition to our user growth, we have also made significant strides in improving the functionality of our platform.
We have added several new features, including:
- 31 new trading pairs
- Recurring buy
- Grid trading
- Debit card payment
- Stop-limit order
- Bill payment
- Price alert
Additionally, we have continued to work hard to improve the user experience on our platform, making it more user-friendly and intuitive than ever before.
We have:
- Removed fiat withdrawal fees
- Removed withdrawal fees for all non-ERC20 coins
- Offered coverage of up to $6 CAD for all ERC20 coins withdrawals
- Enabled multi-chain support for Ethereum, USDC, and polygon to further drive down the costs to you
- Launched new mobile user interface
- Enabled Dark Mode
We’ve hit a few important markers on our way to success:
- Raised 10M in Series A Funding
- Obtained the Restricted Dealer license from Canadian Securities Administrators (CSA)
- Completed SOC 2 Type 1 audit
- Expanded to the Australian market
- Passed the AML audit conducted by MNP
- Insurance on all crypto wallets
- Certified as a Great Place to Work®
- As a way of thanking our loyal users, we gave away close to $200,000 CAD in bonuses and rewards
- More fraud protection measures to minimize losses from clients
We are proud to have formed several successful partnerships with industry leaders, bringing even more value and resources to our users. As we look ahead to the new year, we are excited for all the possibilities it brings and are committed to continuing to provide our users with the best possible products and services.
Virgo experienced significant growth while driving innovation last year. As we look ahead to 2023, we will continue striving for the best user experiences, and our goal is to make Virgo the most competitive trading platform in Canada and Australia, with plans to expand to additional countries. Stay tuned for our updates and always feel free to reach out to me or the team with any feedback.
Lastly, I would like to take this opportunity to thank you for your support and loyalty. I wish you and your loved ones a happy and prosperous new year!
Sincerely,
Adam Cai
CEO of VirgoCX