A Message from Nathan Halliday, Country Manager – Zipmex Australia
May 13, 2022
To our Zipmex Community,
The last few days have been tough in all markets, particularly for the crypto market.
With the US federal reserve starting to raise interest rates (which we are also seeing here at home), we are seeing volatility in all markets, particularly in Tech Stocks and Cryptocurrency.
This has been exacerbated by the collapse of the Terra (LUNA) algorithmic stablecoin ecosystem, sending further shockwaves through the entire industry. Until recently LUNA was a top 10 token by market capitalization.
It is also important to note that the collapse of UST has not impacted USDT or USDC. Both of these stablecoins are backed by assets including actual US dollars and are completely different structurally from the UST stablecoin.
Whilst the market will go up and down I want to assure all of our customers that your funds are safe. Zipmex was built in the last bear market and has been designed specifically to allow you to buy and sell at ease, as well as to hold your assets with our industry-leading ZipUp+ product. We don’t think there is any better place to ride out volatility than with Zipmex.
Through the coming months, we will be working to bring you more live market updates and opportunities to discuss the market with our team. The Zipmex team and I are also available anytime on our telegram channel. If you have any questions about what is happening in the market or want to chat with our team, we are here and ready to assist in any way we can.
We truly believe that cryptocurrency and digital assets have an incredibly bright future, and we will continue to build out the best possible product for our customers to thrive in all market conditions.