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2021-10-11 15:34:45

Coinovy: Your Solution to Everything Crypto

The unprecedented growth of digital assets and their trading in the past few years came as a pleasant shock to the global financial markets. As of October 2021, the total crypto market cap is comfortably sitting at over $2.1 trillion, with 300 million users spread across the globe. These numbers might seem huge at first, but on further inspection, we realize that they are minuscule in comparison to our traditional financial systems. Even after cryptocurrencies successfully stood the test of time and flourished in the wake of the pandemic, their adoption rate seems to be low. This is mostly because of their lack of accessibility and liquidity. The truth is that the complex processing involved in the buying, selling, storing, and trading of cryptocurrencies deters people from getting involved in the decentralized space. Wallets like Metamask, where users can buy and store cryptos, are not user-friendly and DEXs do not accept fiat payments. So, beginners are only left with centralized exchanges to buy crypto from. To make things worse, users are forced to rely on too many platforms for their different needs in the crypto space, which becomes extremely difficult to manage. However, these centralized exchanges, as we’ve seen recently, have some serious security issues, and a single hack can wipe off all users’ assets. These factors combined make digital assets unappealing to beginners. But, we now have a solution to all these acces...

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