Online trading company Crypto Shark has entered Ireland.
Bayside, Gibraltar, 22 October 2022 /EINPresswire.com/ – On September 20, CryptoShark announced a cryptocurrency trading service for its Irish market designed to give investors easy access to managed crypto accounts alongside existing bond portfolios.
It is the latest Crypto finance company to enter Ireland. However, the move comes in the depths of a bear market when demand is low.
The technology was developed in partnership with CryptoShark Algorithm, a blockchain infrastructure company.
Irish clients will now be able to trade through Crypto Shark and then using their automated algorithm with 3%-5% earning per month directly through the Crypto Shark mobile platform. According to the announcement, trading functions such as stop losses (4%) and full liquidity are also available on the platform.
Crypto Shark CEO Peter Ruby said crypto accounts should be available to traders and investors.
“With an increasing number of clients worldwide seeking exposure to cryptocurrencies, it is becoming clear that digital assets should form part of a unified trading experience for active traders and seasoned investors in Ireland after branching out to the UK.”
Mark Chamberlain, the company’s chief market analyst, added that the development of institutional investment in cryptocurrencies “led to a period of stabilization as major players move forward with new digital asset offerings in the crypto space.”
Crypto Shark notes that institutional adoption is on the rise, which could tempt retail traders to return to the asset class again.
The company started in 2018 and has since grown into a global leader in cryptocurrency trading with its revolutionary technologies and data. More services and more crypto companies are likely to expand their services as the demand increases.
Crypto market update
Cryptocurrency markets are still stuck in a side channel that has been going on for more than four months. Total capitalization remained unchanged over the past 24 hours, remaining at $954 billion.
Bitcoin was changing hands at $19,140 at the time of writing, having moved quite a bit over the past day. The situation was similar for Ethereum, which made half a percent as it retraced the $1,300 level.
There was no major driver in the top 20 as the reinforcement and boredom continued. Analysts have warned of a big move ahead after such a long period of low volatility, and October is usually the month when markets crash.