back Back

Ziglu reports crypto price recovery is good for long term investment

By Joy Dumasia

August 17, 2021

  • Europe
  • Ziglu
Share

Ziglu, personal money app, crowdfunding, FinTech, Bitcoin, digitalUK based money app Ziglu advises cryptocurrency investors to plan for the long-term as valuations recover across the market following the recent sell-off.

Bitcoin prices have climbed more than 40% in the past month, with other cryptocurrencies including Ether, Litecoin and Dogecoin also recording strong gains while remaining on the whole well below previous record highs.

Ziglu, which offers current account services and enables customers to buy and sell a range of cryptocurrencies, believes the recovery is a good time for investors to reassess their holdings and plan for the long-term by focusing on the regular monthly investment market.

During the recent crypto price slump, around two-thirds (65%) of Ziglu customers bought cryptocurrency, taking advantage of the price fall while 35% were selling. Earlier research from Ziglu shows around two-fifths (39%) of crypto investors took profits on their holdings in the run-up to the sell-off, which started in April this year.

Mark Hipperson, Founder and CEO of Ziglu, said: “We believe that cryptocurrencies should be a long-term investment and encourage our customers to invest little and often, as that is a proven method for smoothing out volatility in the market and to maximise returns. The recent recovery following the drop in prices earlier in the year highlights how there is always going to be volatility in the crypto market, with some peaks and troughs. Regular investing will enable investors to average out the impact over time.”

IBS Intelligence reported that UK-based money app Ziglu has rolled out a new investment product – Sterling Boost, offering an interest rate of 5% APY. The product accepts balances between £1 and £10,000 and offers instant, penalty-free access to funds. The company said that Sterling Boost provides a better return than cash savings accounts and a much lower risk profile than investing directly in cryptocurrencies.

Previous Article

August 17, 2021

Equinix and AFIN Partner to Offer Enhanced Infrastructure Services for FinTechs

Read More
Next Article

August 17, 2021

PayU’s Red Dot Payment acquires Visa & Mastercard licenses in SE Asia

Read More






IBSi Daily News Analysis

June 21, 2024

Europe

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 20, 2024

4 Open Banking platforms shaping the future of financial data in the US

Read More

June 18, 2024

GoCardless partners with Federation of Small Businesses to tackle late payments

Read More

June 13, 2024

Flexys partners with Acquired.com for debt collection

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023