Blockchain

Venom Expands into India with Dual Listings on WazirX and CoinDCX

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    Global, Global, July 4th, 2024, Chainwire

    Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM.

    “We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world’s most dynamic crypto markets.” – Louis Tsu, CEO of Venom Foundation

    Rajagopal Menon, VP of Marketing at WazirX, said, “VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.”

    India: A Key Market for Venom

    As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption.

    Listings on WazirX and CoinDCX

    WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.

    CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs.

    Key Highlights

    Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India.

    Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets.

    Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement.

    Conclusion

    The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it’s presence in the global crypto landscape.

    About Venom

    Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/

    Contact

    Venom Foundation
    [email protected]

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    Robo Advisory Market Forecast Report and Competitive Analysis to 2030, Featuring Betterment, Fincite, Wealthfront, The Vanguard Group, Ellevest, Wealthify, SoFi Technologies & SigFig Wealth Management

    2024-10-01T15:38:37Z

    Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Robo Advisory Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

    The future of the global robo advisory market looks promising with opportunities in the retail investor and high net worth individual markets. The global robo advisory market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 23.4% from 2024 to 2030.

    The major drivers for this market are growing use of digital technologies within the financial services industry, increasing consumers preference for robo advisers rather than traditional investing services, and incorporation of artificial intelligence into investing operations.

    Robo Advisory Market Insights

    • Hybrid robo advisors will remain the larger segment over the forecast period because they mix the efficiency and reliability of robotic algorithms with the human element of a personal financial counselor.
    • Within this market, high net worth individual will remain a larger segment due to increasing demand for HNWIs by private equity managers to safeguard their investments.
    • APAC is expected to witness the highest growth over the forecast period due to the customers' growing knowledge of the benefits of using automated financial assistance for investments and savings.

    Robo Advisory by Segment

    The study includes a forecast for the global robo advisory by type, provider, service type, end use, and region.

    Robo Advisory Market by Type:

    • Pure Robo Advisors
    • Hybrid Robo Advisors

    Robo Advisory Market by Provider:

    • Fintech Robo Advisors
    • Banks
    • Traditional Wealth Managers
    • Others

    Robo Advisory Market by Service Type:

    • Direct Plan-Based/Goal-Based
    • Comprehensive Wealth Advisory

    Robo Advisory Market by End Use:

    • Retail Investor
    • High Net Worth Individuals

    Robo Advisory Companies

    Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

    With these strategies robo advisory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

    Companies profiled in this report include:

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    Features of the Global Robo Advisory Market

    • Market Size Estimates: Robo advisory market size estimation in terms of value ($B).
    • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
    • Segmentation Analysis: Robo advisory market size by type, provider, service type, end use, and region in terms of value ($B).
    • Regional Analysis: Robo advisory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
    • Growth Opportunities: Analysis of growth opportunities in different type, provider, service type, end use, and regions for the robo advisory market.
    • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robo advisory market.
    • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

    This report answers the following key questions:

    • What are some of the most promising, high-growth opportunities for the robo advisory market by type (pure robo advisors and hybrid robo advisors), provider (fintech robo advisors, banks, traditional wealth managers, and others), service type (direct plan-based/goal-based and comprehensive wealth advisory), end use (retail investor and high net worth individuals), and region?
    • Which segments will grow at a faster pace and why?
    • Which region will grow at a faster pace and why?
    • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
    • What are the business risks and competitive threats in this market?
    • What are the emerging trends in this market and the reasons behind them?
    • What are some of the changing demands of customers in the market?
    • What are the new developments in the market? Which companies are leading these developments?
    • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
    • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
    • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

    Key Topics Covered:

    1. Executive Summary

    2. Global Robo Advisory Market: Market Dynamics
    2.1: Introduction, Background, and Classifications
    2.2: Supply Chain
    2.3: Industry Drivers and Challenges

    3. Market Trends and Forecast Analysis from 2018 to 2030
    3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
    3.2. Global Robo Advisory Market Trends (2018-2023) and Forecast (2024-2030)
    3.3: Global Robo Advisory Market by Type
    3.4: Global Robo Advisory Market by Provider
    3.5: Global Robo Advisory Market by Service Type
    3.6: Global Robo Advisory Market by End Use

    4. Market Trends and Forecast Analysis by Region from 2018 to 2030
    4.1: Global Robo Advisory Market by Region
    4.2: North American Robo Advisory Market
    4.3: European Robo Advisory Market
    4.4: APAC Robo Advisory Market
    4.5: ROW Robo Advisory Market

    5. Competitor Analysis
    5.1: Product Portfolio Analysis
    5.2: Operational Integration
    5.3: Porter's Five Forces Analysis

    6. Growth Opportunities and Strategic Analysis
    6.1: Growth Opportunity Analysis
    6.2: Emerging Trends in the Global Robo Advisory Market
    6.3: Strategic Analysis
    6.3.1: New Product Development
    6.3.2: Capacity Expansion of the Global Robo Advisory Market
    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Robo Advisory Market
    6.3.4: Certification and Licensing

    7. Company Profiles of Leading Players

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    For more information about this report visit https://www.researchandmarkets.com/r/mvaoe4

    About ResearchAndMarkets.com
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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