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London, being one of the most famous European capitals, is gaining popularity for one more reason. This city was chosen as the seat of the largest cloud infrastructure intended for cryptocurrency tradingwhich was disclosed by the company avelacom, specializing in advanced IT solutions.
Pandemic has transformed the cryptographic market
After the outbreak of the pandemic COVID-19 there has been an increase in demand for low-latency cloud services Amazon Web Services (AWS), provided by the company Amazon.
avelacom indicates that the increase in demand was mainly due to institutional clients thriving on the derivatives market.
The company's representatives also revealed that nearly 30 percent current customers cryptographic gets access to the platform AWS London, and according to forecasts, this percentage may increase in the near future by up to 50%.
London crypto service center
According to the scenarios quoted by Avelacom, London may soon become the main European center of cryptographic services.
However, one should not forget that the cryptographic market operates constantly - 24 hours a day, 7 days a week.
As a result, it is characterized by high volatility and the need for interaction between users from different parts of the world, and therefore transactions require reliable connectivity.
The importance of connectivity in crypto trading
As he claims Alexey Larichev, CEO of Avelacom, there has been a marked increase in digital assets recently, which was particularly noticeable in the London market.
The last months have passed under the sign COVID-19 pandemic, were extremely difficult and uncertain for both investors and operators.
Therefore, the recent rapid recovery in the market has been received with enthusiasm by the cryptographic services community. At the same time, the need for high-speed connectivity has increased.
In response, the representative of Avelacom Larichey stressed that the company was a pioneer in outlining the importance of trading in digital assets and the need to implement low-latency communications, guaranteeing rapid interaction with new destinations and clouds.
Such infrastructure proves to be particularly useful in London, where there is a clear increase in the trade in digital assets.
