GlobalBlock Digital Asset Trading Ltd Unveils Positive Trading & Trading App Update

GlobalBlock Digital Asset Trading Ltd (TSX-V:BLOK, OTC:BLVDF) has announced that the launch of its mobile trading application at the end of July 2022, both on the Apple App Store and Google Play Store, has started to generate a significant signature of new clients. ups for the company’s wholly-owned operating subsidiary GlobalBlock Europe, UAB (GBE), a digital asset broker.

The provider of custom phone brokerage service, trading platform, and mobile app for cryptocurrencies said 1,288 downloads were recorded during August 2022, and GBE has doubled its existing customer base.

The conversion rate of people who downloaded and proceeded to complete KYC (Know Your Customer) clients is 9% and the download-to-registration rate is 26%, according to a statement.

READ: GlobalBlock Digital Asset Trading says that GlobalBlock Europe (GBE) subsidiary has successfully launched its new mobile trading app

“Our first month rate of 26% should be a floor as we refine our engagement practices. GlobalBlock’s brand recognition is clearly having a positive effect in the face of significant overall market weakness,” GlobalBlock CEO Rufus Round told shareholders.

“We have used the current market conditions to lower our heads, increase the IP (intellectual property) of the company, rationalize our cost base, grow the customer base and prepare for the next boom,” Round added.

The company said it believes the conversion metrics are higher than comparable industry averages.

Additionally, GlobalBlock reported that during this year’s industry-wide consolidation, GBE also managed to reduce its cost base after successfully completing its operational migration to GBE in Lithuania.

The company added that it has also significantly increased its IP, through the development of the mobile trading application and the development of its own data system, the ‘GlobalBlock Engine’, saying that the data engine will boost the efficiency of reporting and will speed up the integration. of new products and partners.

Established in 2018 by an experienced team of financial services professionals, GlobalBlock Digital Asset Trading Limited acts as a trusted broker serving the digital asset needs of individuals, companies, institutional financial firms and brokers, providing best-in-class trade execution and secure custody of assets. digital assets.

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