TechX Technologies Inc., a company focused on emerging technologies including crypto, blockchain, AI, and cloud technologies, is pleased to announce that its portfolio company, Catalyx Exchange, achieved substantial growth in trading volume, revenue, transaction numbers and average daily active users in May 2021.
Catalyx.io, Canada’s premier cryptocurrency exchange, is a Canadian-based FINTRAC registered and compliant digital asset exchange platform that specializes in cryptocurrency trading, blockchain and cybersecurity technology.
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Catalyx reports the following key metrics from May 2021:
- Trading volume increased 73% from C$22.02 million in April 2021 to C$38.04 million in May 2021.
- Revenue increased by 97% from C$174,001.91 to C$343,367.15
- The number of transactions jumped 34% from 3,901 to 5,242
- 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,” said Catalyx CEO, Jae Park. “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.”
Payment Processing Agreement with Mobilum
Mobilum also announced that it has signed a payment processing agreement with Catalyx to provide fiat-to-crypto on-ramping services on fastbitcash.ca. The integration will allow Catalyx to onboard and on-ramp users at a quicker pace by allowing users to purchase cryptocurrencies with a Visa or Mastercard instead of EFT or interact payment methods. Fastbitcash will be charging 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. Our rate of 2.99% is significantly lower than our competitors charging their customers between 5% to 8% per transaction,” said Mr. Park. “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.”
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