The Newsletter by Tokenize Xchange (Vol.117| December 2020)

Suffice to say, the year 2020 has been a challenging one for most. From racial riots in the US to an explosion in Beirut, locust swarms in East Africa, and the bushfire in Australia.

Closer to home, COVID-19 has effectively shut down lots of businesses and changed the way we live, work, and play. Our lifestyle changed forever and our incomes hit hard. However, not all are bad.

Cryptocurrency values have gone through the opposite effect — skyrocketing upwards. Bitcoin started off near 7,000 USD in January and is going strong at 28,500USD — almost a 4-fold increase in value!

  • We too have been lucky at Tokenize. We manage to surpass the 200,000 users benchmark in the year 2020 and are well on our way to our next benchmark and soon hope to hit the 1,000,000 users mark.
  • Our trading volume has seen a YoY growth that more than 200% compared to 2019.
  • In addition, this year we welcome new token listing such as Dai (DAI), Uniswap (UNI), Balancer (BAL), Curve (CRV), Synthetix Network (SNX), Uma (UMA), Uniswap (UNI), Yearn.Finance (YFI).
  • We also roll out new token choices for Crypto Earn. On top of that, we also introduce new exciting programs like Dual Earn and also DCA.

Also, we are working hard to comply and finalize our MPI license under the Payment Services Act this year and look forward to hearing good news from regulators in 2021. With this, I hope to end the Year 2020 stronger and welcome the Year 2021 with wishes for everyone to stay healthy, to stay safe from COVID-19, and to have more opportunities with a better outlook in the world of digital assets.

I’d also like to thank everyone at Tokenize Xchange for their outstanding efforts in always striving to bring excellence to our clients.

As for our clients — my utmost gratitude for your support that has brought us to where we are today.

Happy trading and stay safe everyone!

Qi Yu

Tokenize Xchange’s CEO

Crypto Giveaway Winners

Tokenize has announced the winners for our Christmas Crypto Giveaway on our official Facebook fanpage.

To receive 50USD worth of TKX, you must already have an account on our website. Click here to sign up now.

New Tokens are Coming

Starting from Jan 2021, we will list Aave (AAVE)Sushi (SUSHI)Polkadot (DOT)Tezos (XTZ), Maker (MKR), and allow trading the SGD/USD currency pair.

Interested in generating passive income from crypto-investment?

Get content-packed education and actionable advice from top-market experts with Market Insights Virtual Summit. Discover how you can harness the volatility, generate profits from the markets, and make 2021 your best year by joining the live-stream completely free.

The speakers include Tokenize Xchange’s CEO, Mr. Qi Yu, who is going to going live on generating passive income from crypto-investment

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Bitcoin soars over $28,500

Bitcoin has undergone a strong rally Tuesday, pushing from the $27,000 range to $28,500 now.

The leading cryptocurrency set a new all-time high just a number of minutes ago above $28,500, pushing to $28,600 on top exchanges. This was marked by not much hype on Twitter despite this being a new all-time high, potentially because this new high was only marginally above the previous one.

More than 1.1 million Bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org.

The massive stash of Bitcoin reserves held by well-known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of Bitcoin in August. Now there are 29 firms that are holding the cryptocurrency in place of traditional reserves like stocks and cash.

ETH pricing reaches all-time high

In Bitcoin’s lull, alt-coins are seizing the opportunity — and booming.

Ethereum, the second-largest coin by market capitalization, has hit a new record of $748, capping off a period of major growth alongside Bitcoin.

The current market cap of ETH is now sitting around $83 billion — a number which has not been seen since early 2018 as well.

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