Cryptopia growing at staggering rate

Christchurch based Cryptocurrency platform shows that it is going through some growing pains – but seems to be coping.

Cryptopia has had explosive growth this year, we’ve gone from 2 full time employees managing 200 coins on 15 servers with 3,000 users and 200 concurrent sessions, to 12 full time employees and a number of contractors managing 550 coins on 50 servers with 250,000 users and 30,000 concurrent sessions. This growth shows no signs of slowing down.

Cryptopia offers a lot of altcoins and some other services, like an online store where you can buy items.

The company also offers New Zealanders a relatively easy access to the world of cryptocurrencies, via its banking service.

While Cryptopia is mainly an exchange, the rest of the functionality is highly integrated. If you are used to dealing with streamlined software, this offer probably wouldn’t be for you. On the other hand, if you like reading through dozens of forum or Reddit posts, you may enjoy the community at Cryptopia.

Here are the pros and cons:

 

Pros Cons
A lot of altcoins available Security concerns in the past
Accepting fiat currency (from NZ) Banking only available to clients from New Zealand
Competitive fees A lot of confirmations required for altcoins (slow deposit times) Poor charting
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