U.S.-based cryptocurrency exchange PayBito announced on Thursday it has crossed $2 billion in its daily trading volume and is seeking to achieve $5 billion by the end of 2021. The latest milestone comes just a few months after PayBito announced it was experiencing record sign-up as Bitcoin crosses the $40,000 mark.
Speaking about the latest milestone, Raj Chowdhury, Managing Director of PayBito, shared:
“PayBito’s traders are spread throughout the world and by taking a glance at our trading volumes of late, we happen to be eyeing $5 Billion in daily trading volume by the end of 2021. By more trading volume, we aim to ensure more liquidity, thereby assuring traders of the best asset prices.”
The company then added:
“By the end of 2021, the crypto exchange is expecting to cross the $5 Billion mark. Owing to their user retention and previous achievements in the form of trader attraction, PayBito looks forward to the mass adoption of crypto encompassing the traders in the world.”
Founded in 2017, PayBito reported its platform is designed by a team with rich experience in Banking security systems, Cryptocurrency trading, and Blockchain technology. PayBito notably offers the cryptocurrency exchange interface that functions under the brand name of the company participating in the affiliate program. The exchange order book has all the offers that are visible on the PayBito platform, including offers from other global trading platforms and other PayBito affiliates.