As the Holiday season is approaching and 2022 is going down in history, it’s high time to reflect on the progress we have made with our app. We have successfully launched new features, improving existing ones, and added a variety of integrations to make our app more accessible and user-friendly.
We are proud of our achievements and are confident that our users will continue to reap the benefits. It is also important to briefly summarize how 2022 looked on global markets. Also, remember the holiday season trading schedule changes in 2022.
2022 Global Trade: Phantom of Recession?
In 2022, we experienced many significant events that affected global trading markets. After a strong rebound in the post-pandemic years of 2021-2022, we saw a slowdown in global trade in the fourth quarter.
According to the United Nations Conference on Trade and Development (UNCTAD) predictions, “geopolitical frictions, persisting inflation, and lower global demand are expected to negatively affect global trade during 2023”.
Will The BTC Price Return be $20,000?
And what was 2022 like in the cryptocurrency sector? Bitcoin had a tumultuous year culminating in the November collapse of FTX. Despite this, there is no shortage of people who believe that the most prominent cryptocurrency will reach the price of $ 100,000, and the question is not if it will happen but more “when.”
Despite the volatility of the cryptocurrency market and a sharp drop in price (between November 5 and 9, 2022, BTC fell from 21,000 to approx. USD 15,000), experts are optimistic about the situation of cryptocurrencies in 2023. For example, a recent Deutsche Bank study found that about a quarter of bitcoin investors believe the price of bitcoin will exceed $110,000 within five years.
At the same time, the voices of those who want more robust regulation of cryptocurrencies are heard more and more, especially after the scandal with the FTX exchange that took place in November 2022.
What did 2022 bring to the Stock Market?
The past year was worse for the stock market. In the case of American companies, most recorded a decrease of over 20% year-on-year. The energy sector, however, did well, which resulted from the rising prices of energy raw materials in the world due to the i.a. war in Ukraine.
In general, experts make pessimistic forecasts of economic growth in 2023, which is to result, apart from the above-mentioned high energy prices, from falling interest rates, persistent inflation, and the impact of the war in Ukraine.
TOP6 SimpleFX’s Upgrades of 2022
For SimpleFX, a cryptocurrency broker, the past year has been developing and enthusiastic. We have achieved a lot, and in October, we celebrated our 8th birthday – we are one of the oldest active trading platforms! Below we have listed the most significant achievements of SimpleFX in 2022:
1. We won “The Best Trading Platform” Award at the Cryptocurrency World Expo 2022
The people we talked to highlighted some of the best SimpleFX features:
- Great responsive apps for every device,
- Integration of the newest payment methods (LN, BSC, TRON, etc.),
- Stake&Trade accounts,
- Added new instruments to trade: APEUSD with up to 25x leverage and Porsche stocks with up to 100x leverage.
2. Our users can trade with many new instruments, including:
- APEUSD with you to 25x leverage
- BTCUSD with up to 100x leverage
- ETHUSD with up to 100x leverage
- Porsche stocks with up to 100x leverage
3. We diversified the stock portfolio by adding 20 new stocks:
- US Equities: Alcoa Corporation, Autodesk, Lockheed Martin Corporation, Mastercard, Shopify Inc., Teck Resources, Upstart Holdings.
- French Equities: Thales SA, LVMH SE, L’Oreal.
- UK Equities: Anglo American plc, BAE Systems plc, Rolls-Royce Holdings plc, Shell plc.
- German Equities: BASF SE, HelloFresh SE, Infineon Technologies AG.
- Turkish Equities: Kardemir Karabuk Demir A.S., Haci Omer Sabanci Holding A.S., Turkiye Sise Ve Cam Fabrikalari A.S.
4. We increased leverage to 100x for BTCUSD and ETHUSD
5. We provided SFX’s users with four new payment methods: OKB token, MANA token, SAND token, and CRO token.
6. We made ETH Stake & Trade accounts compatible with ETH 2.0 (ETH merge)
What’s Next in 2023? Get Ready for an Exciting Year of Trading with SimpleFX’s New Features and Instruments!
We are excited to announce a series of features and improvements to our platform. Our team is working hard to bring you a new mobile app, homepage, and landing page to increase the affiliate’s conversion rate. Moreover, next year we are planning to enable new TRON Stake & Trade accounts and BNB Stake & Trade accounts.
These improvements will make our platform easier to use and more efficient, ultimately helping us achieve our mission of providing our customers with the best trading experience.
Our state and trade accounts provide traders access to a wide range of tools to help them succeed in the market. Unlike our competitors, who only offer stake accounts, we allow traders to choose between a state or trade account. With SimpleFX, you can be sure you are getting the best account type for your trading needs.
Happy Holidays and a Profitable New Year 2023 from SimpleFX!
