- New trading app sees significant number of downloads in first two months since launch -
- New client acquisitions resulting from renewed marketing positions GlobalBlock well for future sector-wide growth -
London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the "Company" or "GlobalBlock"), is pleased to announce that the launch of its mobile trading app in late July 2022, on both Apple's App store and Google's Play store, has started to yield significant new client sign-ups for the Company's wholly-owned operating subsidiary, GlobalBlock Europe, UAB ("GBE"), a service led digital asset broker. Across both platforms and with a very targeted, cost-effective marketing spend, 1288 downloads were registered during August 2022. Accounting for bots and existing client downloads, GBE has doubled its existing client base and the progress for September 2022 so far, is equally encouraging. The Company notes that the conversion rate of people who downloaded and proceeded to fully KYC (Know Your Customer) completed clients is 9% and the rate of download to registration is 26%. The Company believes these conversion metrics are higher than comparable industry averages. GlobalBlock's mobile trading app was developed in house using a highly flexible and cost-effective technology team.
During this year's industry-wide consolidation, GBE has also managed to...
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