It has been another year of firsts here at ICONOMI. Some of the most important releases and new features we’re especially proud of this year include:

Users

Euro Transactions

In early December, we enabled euro transactions on the ICONOMI platform. Users from anywhere in the eurozone can now buy into Digital Portfolios and cryptocurrencies directly with euros, making their first steps in the cryptocurrency world as easy and streamlined as possible. Euro transactions are available for users from:

Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia, and Spain

Direct Purchase of Individual Cryptocurrencies

In addition to buying Digital Portfolios managed by cryptocurrency experts, users can also buy into ten leading individual cryptocurrencies directly with euros:

Bitcoin

Bitcoin cash

Ethereum

Ethereum classic

Ripple

EOS

Litecoin

Qtum

Augur

Stellar lumens

Users from countries not yet supported for euro transactions can use bitcoin and ether to buy into the eight other cryptocurrencies available for single purchase.

eICN

In September, we announced the upcoming transformation of ICONOMI’s corporate structure facilitated by the eICN security token. All holders of eICN will be entitled to common shareholders’ rights such as voting rights and the right to participate in the net profit of the company and will have the chance to actively shape the future of ICONOMI.

For more information, read our Everything You Need to Know About eICN blog post. If you still have questions, read our FAQ Part I, Part II, and Part III.

Website Redesign

Based on market demand for an easy entry point into cryptocurrency, we have revamped our content to create an inviting and informative environment for current and future users.

Our new explore page makes it easier than ever to browse through the 34 Digital Portfolios and 10 cryptocurrencies now available on the ICONOMI platform.

Platform

Proof of Solvency

In an ICONOMI landmark, April saw the completion of our proof of solvency by a Big Four professional services firm. An independent overview verified that all the digital assets on our platform have been reported accurately and that ICONOMI is solvent. On April 5, 2018, ICONOMI had $133.6M of liabilities and $210.2M of reserves distributed across 80 digital assets, fully covering all liabilities.

The data is available directly on our website, and a technical overview of the process is available here.

Trading Engine Upgrade

We released our new trading engine at the end of July. The new trading engine allows for faster and more robust processing, enhancing Digital Portfolios by allowing greater volume in a shorter period of time. For our cryptocurrency Experts, this means more active Digital Portfolio management and rebalancing opportunities.

Supporting More Countries and Upgrading Tier Limits

In January, we upgraded our identity verification system, expanding the number of supported countries to 181. The upgrade also allowed us to increase Tier 1 deposit and withdrawal limits, and Tier 1 verified users can now withdraw up to $50,000 per month.

Check out other Tier limits and be sure to verify if you haven’t already!

Experts (previously known as DAA Managers)

Stablecoin (Risk Reduction)

In May, we added TrueUSD as a supported asset on the platform. Access to a stablecoin allows cryptocurrency Experts to mitigate losses during times of high volatility. For example, if a market correction is expected, TrueUSD can be used in the structure of the Digital Portfolio to preserve its value. For users, the addition of a stablecoin to the platform allows for better management of volatility, which can result in more stable Digital Portfolios that our users can buy into.

Meet the Managers Events

Throughout the year, we hosted Meet the Managers events in Vienna, London, Madrid, Amsterdam, Hong Kong, and Singapore. These events gave attendees the chance to interact directly with Digital Portfolio Experts and ICONOMI team members and learn more about the latest trends in the blockchain industry.

Together we are on a mission to continue creating the best experience for our users and taking advantage of new opportunities in this exciting industry. We are also dedicated to accelerating the transition to the tokenized world, where we will witness real-world assets becoming digital tokens on the blockchain. This, we believe, will continue to be a major trend in 2019. We’re honored to have provided our users with a safe and easy way to invest in cryptocurrencies and will continue to improve in the year to come. Here’s to an even bigger 2019!

Subscribe to our Medium and mailing list, and follow our official channels for more updates and news:

Facebook / Twitter / Reddit / Medium