(Version en français ici)
More than a year after its launch, the number of buy and sell orders on StrongHodl now accounts for two-thirds of the transactions executed on ValeoX.
We have found that this tool perfectly complements our range of services, as the volume of transactions carried out manually by our clients remains significantly higher than that conducted via the chatbot. The adoption of this unique application therefore enables us to generate some interesting statistics that I would like to share with you.
First of all, for those already using StrongHodl, note that there have been 26 updates to the chatbot since its launch. The most impressive part is that users did not have to take any action to accept these updates, unlike most mobile applications. Indeed, these improvements are deployed in the background, significantly reducing friction.
Now let's move on to the statistics, which cover the period from January 1, 2024, to December 31, 2024:
91% of Orders on StrongHodl Are Buys
Unsurprisingly, the majority of transactions executed on StrongHodl in 2024 were buy orders. This is largely due to the significant increase in the price of Bitcoin last year (a 124% return). Bitcoin accounts for 53% of the buy orders, followed by USDT (33%) and Ethereum (14%). USDC shows a low percentage, as it was added to the application in the second half of the year.
The Afternoon Is the Peak Time for Orders
To analyze activity, we grouped the orders into four time slots:
Morning: 06:00 – 12:00
Afternoon: 12:01 – 17:00
Evening: 17:01 – 21:00
Night: 21:01 – 05:59 (including night)
It turns out that the afternoon is the most active period, representing more than one-third of the orders, followed by the morning. Orders in the evening are fewer, and those placed at night represent the smallest proportion.
Friday Is the Day with the Most Orders!
We observed that Friday accounts for approximately 17% of the weekly transactions. Although we attempted to determine a connection between this activity and the performance of Bitcoin’s price on that day, our analysis showed that in 2024 the day when the average BTC price was highest was actually Wednesday. Therefore, there is no direct cause-and-effect relationship between these two statistics.
Customer Activity on StrongHodl Is Recurring!
84.5% of users placed 2 or more orders via the chatbot.
48% of users executed at least 5 transactions during the same period.
These figures illustrate the high level of activity among the majority of StrongHodl users.
It Takes Less Than 5 Minutes for an Order to Be Processed by an Agent!
One statistic we are particularly proud of highlights the speed at which the ValeoX team processes orders made via Interac e-transfer. As a reminder, StrongHodl is not a fully automated platform; the matching trade is always executed manually by a ValeoX agent—whether it’s for purchasing coins or handling Canadian dollar funds during a sale. Buy orders placed during the day* are processed in an average of 3.5 minutes, while sell orders are completed in 4.2 minutes. We believe that these processing times are among the fastest in the market.
These figures represent the time, in minutes, between the receipt of the client's initial order notification and the sending of the confirmation by ValeoX indicating that the transaction has been completed.
*Orders placed at night are not included in the calculation as they are processed the following morning.
The popularity of StrongHodl encourages us to continue adding new features while enhancing the user experience. Stay tuned, as 2025 might bring some exciting surprises your way.
A huge thank you to all our clients who trust us on this journey 🧡!
Julien Mbony
President @ ValeoX
For buying, selling, or any questions regarding ValeoX services, please email us at info@valeo-x.com or call 581-980-3779.