The number of Bitcoin investors in Brazil has already crossed the total number of persons registered on the São Paulo stock exchange (Brasil Bolesa BALCAO SA or B3). The country's three largest Bitcoin exchange - which process approximately 90% cryptocourization transactions in Brazil - had 1.4 million registered customers in December, 2017. This number is more than 619,000 registered individuals in B3 at the end of last year, Brazil's largest media group Globo can be more of Brazilian Bitcoin merchants who use foreign currency or do offline business.
According to the owners of these exchanges, the reason for this popularity was a huge rally last year. Rodrigo Batista, CEO of Mercado Bitcoin (Bitcoin Market), reached 750,000 subscribers in 2017 and increased 275% compared to last year, "Variable that tells the price of this bitcoin is" for Bitcoin's Andrey Horta, which is 300,000 Serving people, the drop in profits of other investment is another factor which attracts investors to Bitcoin.
Exchanges can not demand demand up
The influx of investors attracted by Bitcoin registered a significant increase in Brazilian exchanges, which greatly affect their ability to deal with general customer service similar to locations around the world. In Mercado Bitcoin, for example, now 5,000 new registrations per day. A year ago, it was 500 max. According to the report, it was an explosion in the number of complaints against companies.
To handle the number of investors, which are growing almost 3.5 times year-on-year, the exchanges have to strengthen their IT system and hire more employees. You have quadrupled his staff with 40 people.
With 350,000 registrations, São Paulo-based Foxbet had to suspend service to new investors in mid-December. Foxbet's founding partner, Gouto Shiivon, said, "From day one, the daily volume has increased five times and we have not been able to meet this demand." In November, the number of employees of the company rose to 60, and another 15 people were hired in January, when the company was re-opened to the public.
The more people and more money in makes the coins rise! RISE RISE RISE!!!! To the moon I hope!
Thaks for sharing positive news, @arjeshv! I guess we can break the uptrend... Curretly we are testing really important levels. Here is my idea about that. New buyers can surrort us on these lows:
your chart is a little old buddy .. might wanna update that :D
It's up to date :) 2 hours. Just a small +$400 chance since that time..
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