With our relationships abruptly shifting from "connected" to "isolated", how will we trade moving forward? What tools are available to use during these evolving conditions? If recent results on the DAO trading platform (powered by Nui) are any indication, then online trading may be a major part of the solution moving forward.
In the first three months of 2020 trading on the DAO has already matched the volumes for the entirety of 2019.
"We're seeing a dramatic increase in activity and interest on the platform with the rate of sales volumes nearly tripling in the past three months" says Kevin O'Sullivan (Nui CEO).
Much of this increased activity has occurred since the lockdown in Europe began as traders are looking for new ways of interacting with clients and conducting business. Although large parts of the physical world have shut down, this has actually led to a surge in business in the online arena.
DAO has noticed the change as well. Says DAO Marketing Manager, Richard Klink, "There has been an unprecedented amount of activity on DAO.EU in recent days and we've needed to add more server capability to process all the bids, offers and market trades."
With the current restrictions likely to be in place for the foreseeable future, Nui have adapted their offering to enable an even quicker implementation. We believe that Nui can be the face to face channel for commodity providers and traders moving forward. And we fully expect the recent increase in demand for the platform’s unique capabilities to continue.
Get in touch if you are interested in learning how we can quickly implement a low-cost, high-output solution for your business.