LocalBitcoins CRO Sebastian Sonntag stated in a recent interview that the platform is growing at a huge rate by attracting over 135,000 new users each month. In our crypto news today, we find out more about the further growth plan.
The advancements of the crypto industry are becoming much more apparent as the years go by. Plenty of new exchanges are emerging and the number of cryptocurrencies is getting bigger and bigger every day. The industry has even made some great technological breakthroughs. The interest in crypto trading and especially in the P2P trading is growing as well according to the LocalBitcoins CEO who admitted that the company is expanding and that the user base is gaining 4,000 to 5,000 users each day.
Sonntag answered a few questions about the LocalBitcoins platform and the altcoin market regulations but also the many challenges that the crypto world is facing right now. When talking about LocalBitcoins, the CEO stated that the company is going through a transitional period and that the company is growing rapidly by working to catch up with the sharp increase in support queries by hiring more staff and investing in the training of the staff as well.
However, he did explain that the company’s plans for the near future do not include wallets for altcoins even the ones that are among the top 10 largest coins. The platform does work on improving itself mainly because of the adoption in various regions. Sonntag also noted that his platform enabled multiple simultaneous open trades recently which made the trading more convenient and much faster. The changes were received positively by the users.
The LocalBitcoins CEO addressed the topic of crypto regulations and he noted that his platform has always been taking steps to respond to legal requirements for all jurisdictions in which it operates. However, the platform does not serve the US clients right not but it is working on a piece of legal advice on what they can do to change that. Apart from the US and other regions, the platform is one of the exchanges that have the widest reach in the industry. He believes that the platform’s main goal is to boost user education about crypto and cybersecurity as well.
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