KryptoPips Creates First Multi-Broker Rewards Coin to Democratize Global Brokerage Industry
[PRESS RELEASE – Please Read Disclaimer]
KryptoPips, the world’s first multi-broker rewards coin, has announced an innovative loyalty program that will allow brokers across the world to plug in. Besides allowing brokers to reward their clients for participating in various trading activities, campaigns and competitions, KryptoPips also offers customizable systems for brokers to deliver greater personalized value to their base of clients.
Examples of how brokerages can utilize KryptoPips to provide rewards and benefits to their clients include:
- Earning more income while enjoying reduced trading commission
- Participating in campaigns, competitions, events and giveaways to earn more discounts and savings
- Gaining access to enhanced leverage and other powerful trading tools
- Participate in token-related activities to earn incentives and perks
A number of intended partnerships are set to be announced in the coming weeks, which will see the platform being adopted by several global brokers immediately. KryptoPips will be working directly with the early adopters to ensure that the entire ecosystem of products and services are efficiently leveraged by the brokerages to delight their partners and clients.
Asked about the main idea behind KryptoPips, founder and CEO of KryptoPips Danny Christ said, “I saw two major trends developing over the years. Firstly, it’s a well-known fact that client acquisition is far more expensive compared to client retention. In fact, it costs up to 7 times more to acquire a new client than to retain an old one.
Additionally, the probability of selling to an existing client is 60-70% while the probability of selling to a new prospect drops drastically to 5-15%. The second trend was the uptick in trading volumes over the years recorded by brokerages, especially since the pandemic started. Both these trends were the impetus for me to develop KryptoPips with the team; so that we can democratize the brokerage world and bring massive value to both brokers and clients. It’s a win-win situation for all.”
In terms of growth, the market is there for the taking. Trading volumes and market capitalization for instruments like equities, gold, silver, fiat currencies and cryptocurrencies have been steadily increasing through the years; especially during the pandemic.
In conclusion, as brokerage traders and partners sophistication and expectations grow, they will demand more from global brokers. The key for brokerage firms will be to respond to those types of clients who can benefit and derive value from the firm’s core rewards system. KryptoPips looks set to plug this gap and bring massive value to both brokerages and their clients for the long haul.
About KryptoPips
KryptoPips is the world’s first multi-broker rewards coin dedicated to adding massive value to brokerages and their clients. Leveraging best-in-class solutions in the crypto world together with cutting-edge technologies in the world of margin trading, KryptoPips is set to take the entire trading ecosystem higher on a massive scale. With a strong belief that crypto-assets are the future of money and markets, the company aims to change the perception surrounding digital assets and wealth. For more details on KryptoPips, visit www.kryptopips.com.
* This press release is not a prospectus, disclosure document, or offering document under Singapore, People’s Republic of China, The United States of America, Democratic People’s Republic of Korea, and the list of countries as specified on www.kryptopips.com. This is for informational purposes only. It does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any investment product or security or instrument or participate in any particular trading strategy, and no representation or warranty is given with respect to any future offer or sale.
