deVere Group, an independent international financial consultancy firm, has added Ripple (XRP) and Dash (DASH) to its crypto trading app.
Established in 2002 by CEO Nigel Green, deVere Group has over $10 billion under management with over 80,000 active clients in more than 100 countries. The company’s range of services include but are not limited to; international savings, FATCA, bonds, retirement planning, life insurance, pension transfers, education planning and many more.
Launched last month, the company’s crypto trading app is designed to meet the growing need and want to store and transfer digital currencies in a digital age. It allows users to store, transfer and exchange Ripple and Dash, alongside the existing cryptocurrencies on the app: bitcoin, ethereum and Litecoin. By market cap, bitcoin is the world’s largest cryptocurrency, followed by ethereum (second) and Ripple (third). Litecoin is fifth and Dash is tenth.
Green said that demand for and interest in cryptocurrencies is set to grow exponentially this year and beyond, and they want to meet that demand for their clients.
“This demand is being driven by many factors,” said Green. These include that simply more and more people are becoming aware of and have a better understanding of cryptocurrencies. In addition, scalability issues are being improved to bolster the transaction processing capacity. Also financial regulatory bodies around the world are increasingly looking to regulate cryptocurrencies, which will give investors even more protection and confidence in the market.”
Green said that the cryptocurrencies that have made it onto the deVere Crypto app have been painstakingly analyzed and evaluated by the deVere Crypto Research Department, run by 10 blockchain and crypto experts.
“Other companies, I believe, overlook this essential process and that we are the only ones to be doing this level and scope of research,” he said.
While Green believes in the “potential opportunities that cryptocurrencies can offer,” he offers a strong warning to investors.
“Crypto has massive upsides and downsides; it should always be regarded as high speculative,” Green said. “We can expect the cryptocurrencies to remain highly volatile in the short-term. I would urge investors to seek professional, independent advice and to always ensure that their entire portfolio is properly diversified to mitigate risks and take advantage of opportunities.”
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