TechX portfolio cryptocurrency exchange company Calyxt sees revenue double in May amid active user surge
TechX Technologies Inc (CSE:TECX) (OTC:TECXF) (FRA:C0B1) announced that its portfolio company, Catalyx Exchange, achieved substantial growth in trading volume, revenue, transaction numbers and average daily active users in May.
Catalyx.io, a cryptocurrency exchange, saw trading volume increase 73% from C$22 million in April to C$38 million in May and revenue nearly double from C$174,001.91 to C$343,367.15 over the same period. The number of transactions jumped 34% from 3,901 to 5,242, and daily average number of active users increased by 51%.
“We’re very pleased with our ongoing growth, especially seeing our trading volume increase by 73% during May’s crypto market crash,” Catalyx CEO Jae Park said in a statement. “Instead of turning investors away, the reduced crypto prices created an attractive buying opportunity that clearly enticed more users to trade even more as the market became more volatile. It’s very encouraging to see Catalyx not only overcome but thrive during market downturns.”
READ: TechX Technologies acquires fiat-to-crypto startup Mobilum OÜ in C$16M stock deal
Additionally, Catalyx has signed a payment processing agreement with recent TechX acquisition Mobilum, under which Mobilum will provide fiat-to-crypto on-ramping services on fastbitcash.ca. The integration will enable Catalyx to onboard and on-ramp users at a quicker pace by allowing users to purchase cryptocurrencies with a Visa or Mastercard, the company said. Fastbitcash will charge 2.99% on credit card transaction fees.
“We are thrilled to be offering our users faster and easier access to crypto via our payment processing integration with Mobilum,” Park said. “Our rate of 2.99% is significantly lower than our competitors charging their customers between 5% to 8% per transaction.”
“We’re also pleased that Mobilum is now part of the TechX umbrella and we look forward to integrating our exchange into the digital wallet that will be coming in the near future.”
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/951355/techx-portfolio-cryptocurrency-exchange-company-calyxt-sees-revenue-double-in-may-amid-active-user-surge-951355.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,870,036 |
| Stories: | 8,448,831 |
Whistler Blowers, Insiders
