Net Savings Link, Inc., a cryptocurrency, blockchain and digital asset technology company, announced that the Company has completed major upgrades to its Centralized Cryptocurrency Exchange (CEX), the NSAVCEX. This move further cements NSAV’s position in the $14 trillion global centralized cryptocurrency market.
Centralized crypto exchanges reported more than $14 trillion in trading volume in 2021, according to The Block Research. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24, 2021. In 2020, centralized crypto exchanges facilitated just over $1.8 trillion in trading volumes.
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The management of NSAV believes that the Company can capture a significant share of the massive Asian cryptocurrency market, given the expertise of its management and strategic partners. Presently, the Upbit Cryptocurrency Exchange has a 24 hour trading volume of over $4.3 billion. Huobi Cryptocurrency Exchange has a 24-hour trading volume of over $2.7 billion. Industry leader, Binance, has a 24-hour trading volume of over $23 billion.
The management of NSAV and its partners are pioneers in the Digital Asset and Blockchain industry. NSAV Director, Mr. Yuen Wong, is a Managing Partner at Bitmart Cryptocurrency Exchange. BitMart is a premier global digital asset trading platform with over 5.5 million users worldwide and ranked among the top crypto exchanges according to CoinGecko. BitMart currently offers 600+ trading pairs, with one of the lowest trading fees in the market. Bitmart’s platform supports over 600 cryptocurrencies and has a 24-hour trading volume of approximately $1.7 billion, according to coinmarketcap.
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Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “I am thrilled that the NSAV team has been able to achieve another milestone in the NSAV ECOsystem.”
NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
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