Blockchain-based finance platform, HaruBank to celebrate its first birthday after trading over $30,000,000 in transacted volumes…
3rd August 2020. Singapore.
The world of crypto-asset depository services is experiencing a paradigm shift with the introduction of different digital asset finance models and applications. HaruBank, a blockchain-based platform that facilitates digital asset depository services, is one of the ecosystems that have experienced tremendous success since its inception one year ago. HaruBank is celebrating its first year of inception, and one of the highlights of the celebration is the successful transaction in volumes of more than $30,000,000. Furthermore, the announcement about the significant funding has been an indicator of the commitment to make HaruBank’s ecosystem a better one, while also improving on its delivery of investment opportunities in digital assets for both experienced and beginner investors alike.
Overview: 12 Months in Business
In its first year as a financial entity in digital asset investments, HaruBank’s Annual Growth Index has indicated that the company enjoyed unprecedented growth. According to the index, the company’s popularity and global presence have increased; HaruBank has seen the number of users worldwide grow by about 1000% within its first year, and this year’s deposits have also enjoyed exponential growth of more than 450%. These statistics are clear indicators that the platform’s reputation is building, especially within the crypto community.
It may interest you to know that HaruBank’s growth is backed by the increase in demand for its services by users that are interested in the company’s competitive interest rates. In addition to the over $30,000,000 in transaction volume, there have been more than 200,000 separate payouts to different users within the ecosystem.
Another impressive thing about HaruBank is the number of users who invest in staking for long-term purposes via the lockup service, and interestingly the number of users increased by 40% in this year, and by over 80% within one year.
Apart from its amazing performance within its first year, HaruBank is working tirelessly to ensure that long-term stability and security is achieved and secure. For users to continue enjoying the profitable and competitive rates for deposit and lockup, the company has gone into partnerships with crypto asset management firms of high repute. These firms had to go through HaruBank’s stringent selection processes before getting picked, and the criteria include:
- Only registered firms.
- Staff must be a minimum of 4 members who are vast in algorithmic trading.
- Each firm must have a minimum annual trading volume of $100,000,000.
- Each firm must provide a minimum trading history of 18 months.
- Profits that are above industry average, as well as low volatility must be presented by the firms.
There are different questions that trail the success of HaruBank’s first year in business, questions like “What’s next?” Starting in late August, there will be a major rebrand of Haru, which will function as a conglomerate of different services. Furthermore, HaruBank intends to launch its mobile app at the end of the year.
Within one year, HaruBank has performed really well, and its performance has increased the interest of users and potential investors in different parts of the world. The company is committed to creating long term success by getting involved with reputable stakeholders and partners who will contribute to the platform’s progress, and make digital asset deposits and investments the new norm for both experienced and beginner investors.
Stay up to date with HaruBank
Check out our in-depth interview with HaruBank as well!
If you want to stay up to date with Harubank, then join the conversation on Twitter, stay up to date via Medium, connect on Facebook, or visit HaruBank’s website.
Harubank: Celebration of a Milestone of Achievements in Its First Year was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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