{"id":126767,"date":"2018-05-16T07:46:05","date_gmt":"2018-05-16T11:46:05","guid":{"rendered":"http:\/\/countingpips.com\/?p=126767"},"modified":"2018-06-01T15:39:46","modified_gmt":"2018-06-01T15:39:46","slug":"stellar-and-monero-added-to-devere-crypto-exchange-due-to-public-demand","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/stellar-and-monero-added-to-devere-crypto-exchange-due-to-public-demand\/","title":{"rendered":"Stellar and Monero added to deVere Crypto exchange due to public demand"},"content":{"rendered":"
May 16, 2018<\/div>
\r\n<\/div><\/div>

By George Prior<\/strong><\/p>\n

One of the world\u2019s largest independent financial services organizations has added a further two digital currencies to its cryptocurrency exchange app due to public demand being \u201cfueled by digital money becoming ever more mainstream.\u201d<\/p>\n

With the additions of Stellar Lumens (XLM) and Monero (XMR), users of deVere Crypto, deVere Group\u2019s crypto platform app, can now buy, sell, store and exchange seven major cryptocurrencies. Existing digital coins on the app were Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC), Ripple (XRP) and Dash (DASH).<\/p>\n

The announcement comes after it is confirmed that IBM is to use Stellar for its first cryptocurrency on a public blockchain.<\/p>\n

Nigel Green, founder and CEO of deVere Group, comments: \u201cWe\u2019ve further expanded our offering on deVere Crypto to include Stellar and Monero due to clients demanding an even more extensive crypto portfolio.<\/p>\n

\u201cPeople are piling into cryptocurrencies. The surge in demand is being fueled by digital currencies becoming ever more mainstream.\u00a0 Both retail and institutional investors are finding it increasingly hard to ignore the potential opportunities of cryptocurrencies.\u201d<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

He continues: \u201cThere are four\u00a0key drivers for this current expansion of the crypto sector.<\/p>\n

\u201cFirst, the growing appreciation and understanding of the need for digital, global and\u00a0decentralized\u00a0currency in an increasingly digitalized and globalized world.<\/p>\n

\u201cSecond, some of the world’s\u00a0major tech companies, banking groups, financial institutions\u00a0and household-name investors\u00a0are investing in, using and\/or beginning to adopt cryptocurrencies.<\/p>\n

\u201cThird, regulation of the sector is now becoming inevitable. This has been noted by the Head of the IMF and can also be evidenced by the July deadline for suggested cryptocurrency regulation set at the G20 summit this year.<\/p>\n

\u201cAnd fourth, the technology behind cryptocurrencies is improving all the time.\u00a0 For instance, scalability issues are being improved to bolster transaction processing capacities.\u201d<\/p>\n

Regarding the addition of the two new digital coins to deVere Crypto, Mr Green says: \u201cAll the digital coins have different characteristics, strengths and values.\u00a0 As such, these additions help to achieve portfolio diversification within this specific asset class and their individual traits make them useful in different ways for investors.\u201d<\/p>\n

Earlier this year, he observed: \u201cThose 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 of the world\u2019s leading blockchain and crypto experts.<\/p>\n

\u201cOther companies, I believe, overlook this essential process and we are the only ones to be doing this level and scope of research.\u201d<\/p>\n

The deVere CEO concludes: \u201cWhilst it is now becoming fully mainstream, the cryptocurrency sector remains highly volatile and advice should be sought by an independent financial adviser.<\/p>\n

\u201cThat said, I fundamentally believe in the potential of digital money in today\u2019s world.\u201d<\/p>\n

 <\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior One of the world\u2019s largest independent financial services organizations has added a further two digital currencies to its cryptocurrency exchange app due to public demand being \u201cfueled by digital money becoming ever more mainstream.\u201d With the additions of Stellar Lumens (XLM) and Monero (XMR), users of deVere Crypto, deVere Group\u2019s crypto platform […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126767","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=126767"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126767\/revisions"}],"predecessor-version":[{"id":126770,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126767\/revisions\/126770"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}