The Iranian government has in the past clamped down on cryptocurrency investment, mining, and the likes of it. This happened after a heavy blow on the economy of the country with the government quickly casting the blame on Bitcoin and other cryptocurrencies.
The Iranian government resulted to placing several restrictions and bans on crypto and other related dealings in the country. However, despite the government’s curbs on cryptocurrencies, the country has recorded in recent years a massive adoption of cryptocurrency. It was recorded that more than 11 million citizens flocked to make crypto investments in Iran in the past two years.
This is all thanks to companies like Alcheminers who are the driving force behind the massive adoption and investment in cryptocurrency in the country. Today, the Iranian daily crypto transactions are estimated to be between 30 and 50 trillion rails, which are equivalent to a whopping 181 million U.S. dollars.
It is also reported that over 12 million Iranians own cryptocurrencies. Alcheminers are helping to make the process of buying, selling, and investing in cryptocurrency in Iran very easy.
The company has set up several innovative approaches to ensure that they navigate and manage the underlying regulatory and technological complexity of cryptocurrency markets which would be vital for Iranian crypto investors. This would help users stay focused on the end-user experience.
Alcheminers looking to dominate Crypto Investment in Iran
Cryptocurrency is already being adopted around the world not just in Iran. Alcheminers is providing a platform to help scale up the adoption of this digital currency and also ensure that investors have a secure and easy way to invest in cryptocurrency.
Alcheminers is currently one of the big players in the $2.6 trillion crypto industry and the company is among the few crypto exchange platforms trusted in Iran to provide quick trading solutions for users in the country. Alcheminers processes more trades for cryptos like Bitcoin, Etherium, and others each day, $40 billion worth, than any of its rivals put together.
It is reported that domestic exchange platforms account for the majority of transactions by traders in the country. Iranian trust and deal with crypto exchanges that are closest to them rather than global exchanges. And though Alcheminers are already making waves in the country providing trusted trading services for Iranian crypto enthusiast, the executives of the company are still looking to dominate the entire investment market in Iran. The several plans already to help achieve the target which includes bringing Alcheminers platform closer in Iran
What is next for Alcheminers?
The crypto exchange has come under scrutiny in Iran and other countries such as Italy, Japan, Canada, Cayman Islands, Thailand, Malaysia, the UK, the USA, South Africa, and Singapore. There have been several legal issues and challenges against the crypto exchanges.
In a recent statement by Alcheminers Chief Executive, O.V. Daniels he acknowledged that crypto exchanges need to fall into line with regulators in Iran and across the world, which is why the company will look to secure proper licenses from the concerned governments. This will increase trust amongst the people of Iran and further help the company to attract more customers and ultimately dominate the Iranian investment market.
“Our business is legit, and it has grown promptly based on the trust from users. If you examine the cryptocurrency adoption in Iran today, it is probably less than 12% of the population in the country. In order to attract the remaining percent of people the company would want to be regulated in order to build a direct connection with the people Iran and also become a predominant force”
One of the major reasons Alcheminers have dominated in several countries in recent years and are looking to take over the investment market in Iran is down to state-of-the-art trading technology and the online electronic brokerage services it provides to users.
The company provides an expansive product offering that enables clients to design, test, optimize, monitor, and automate their own custom equities, options, and futures trading strategies. The Alcheminers Trading App also provides easy access to hundreds of digital and software products, indicators, and strategies. The best part is that you have both the Web trading and Minersmobile platform that allows traders can trade on the go and access core features of the platform from their iOS or Android device.