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TAP Tap Global Group Plc

2.95
-0.30 (-9.23%)
13:43:05 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Tap Global Group Plc AQSE:TAP Aquis Stock Exchange Ordinary Share GB00BMVSDN09
  Price Change % Change Share Price Shares Traded Last Trade
  -0.30 -9.23% 2.95 2,095,400 13:43:05
Bid Price Offer Price High Price Low Price Open Price
2.80 3.30 3.27 2.95 3.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
13:47:54 35,000 2.95 GBX

Tap Global (TAP) Latest News

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Date Time Title Posts
20/11/202410:52TAP Global Crypto invested will be well rewarded150
21/4/202310:14TAP Global -
12/1/202311:47test12345-
12/1/202306:01Tap Global Limited3
01/5/202012:41Taptica11,230

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Tap Global (TAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:47:542.9535,0001,032.50O
13:43:052.9550,0001,475.00O
11:37:553.10112,0303,471.81O
11:23:333.1060,3631,870.65O
10:55:273.02169,3035,112.95O

Tap Global (TAP) Top Chat Posts

Top Posts
Posted at 14/11/2024 10:19 by ftangftang
Tap chart target 4p
TAP Global TA from 10.20 minutes

First target 4p

Finally a turnaround for Tap
Posted at 13/11/2024 23:33 by ftangftang
Tap Post on X
"can you guess what's coming"
Posted at 13/11/2024 10:46 by ftangftang
Tap chart
Tap TA

First target 1.75p
Posted at 30/10/2024 20:04 by ftangftang
Tap Global investor presentation
Posted at 30/9/2024 12:06 by ftangftang
Tap Global Group Plc (AQSE: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announced its participation in “The Pub Test” Investor Evening. This event is co-hosted by the Aquis Exchange and InvestorHub and will take place on Wednesday, 2 October 2024 at The Jamaica Wine House, St Michael’s Alley, Cornhill, EC3V 9DS, starting at 6.00 p.m.
Posted at 26/9/2024 14:45 by ftangftang
New token added to the Tap APP
HMSTR token now available to trade on Tap
Posted at 01/7/2024 06:39 by ftangftang
Tap token XTP Cash back
Tap Global Group Plc - Commercial Agreement with Tap N Go To Launch XTP Cashback Programme TAP
Posted at 14/8/2023 08:22 by master rsi
3.20p +0.30p - Tap Global Group Plc - Trading Update
Record annual revenue underpinned by significant growth in user numbers

Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap
between traditional finance and blockchain technology, is pleased to provide a
trading update for the twelve months ended 30 June 2023 ("FY23").

Highlights:

· FY23 Revenue: £2.52m* (FY 2022: £0.90m) up 179%
· Registered users up 28% since April trading update, taking total to 185,000
· 5 new cryptocurrencies listed on platform since April trading update, taking
total to 44

*FY23 and FY22 revenue figures are both for Tap and Tap's wholly-owned
subsidiary, Tap Global Limited ("TGL"). Tap acquired 100% of TGL on 10 January
2023.

Financial Performance

FY23 has been a record year for revenue with the operating company, TGL
reporting significant growth since Tap listed on the AQSE Growth Market
("Listing"). Following the Listing and a particularly strong trading period in
the first half of the calendar year, TGL generated revenues of over £2.5m in
FY23, a near threefold increase on FY22.

As previously announced, Tap intends to commission analyst research which will
establish financial forecasts, including revenue and profitability in the near
future. The Company expects this research to be available shortly after the
publication of its Full Year Results.

User Growth and International Expansion

Since Listing, Tap has continued to rapidly expand its user base, passing the
150,000-user mark in May 2023. Tap is pleased to report that it now has over
185,000 registered users on its platform and the Company expects to continue
growing its user base through application upgrades, increased marketing spend
and by launching in new markets.

As previously announced, the Company continues to plan for international
expansion with Canada, the United States and Australia among its target markets.
As stated in April's Trading Update, management continues to take a prudent
approach to this expansion to ensure that new markets are entered in an optimal
fashion, taking into account the increasingly robust regulatory environment for
cryptocurrency-related businesses.

Tap's management welcomes increased regulatory oversight, as the Company has
taken a regulation-first approach since inception. Management believes that
Tap's emphasis on regulation may be particularly beneficial as the Company looks
to enter the US cryptocurrency market, which is not only the largest in the
world, but also in need of responsible operators which prioritise safeguarding
user assets. Entry into the US market remains a key strategic priority for the
Company, within the context of the increasingly active approach the SEC is
taking in regards to the promotion of trading crypto assets which it may view as
securities.

Appointment of Chairman and CEO

In May, Tap announced the appointment of Kriya Patel as CEO of TGL, and David
Hunter as the Company Chairman. The appointment of these two highly experienced
financial technology and payments executives has further strengthened the
Company's management team and laid the foundation for accelerated operational
and financial growth.

David Carr, Chief Executive Officer of Tap Global, commented:

"2023 has been a pivotal year for Tap. To have successfully listed on Aquis and
to have delivered a record year for revenue, despite the sectoral headwind,
demonstrates that we have a product with broad appeal in the fintech space. With
Kriya and David in place, I believe we now have the optimal team to drive Tap
quickly towards sustained growth and into new markets."

"Whilst we are proud of what we have accomplished this year, we know that Tap
has by no means reached its full potential and I look forward to updating our
users and shareholders on further exciting developments in the coming weeks and
months."
Posted at 02/8/2023 02:35 by ftangftang
Tap overview
Comprehensive summary of Tap global

Tap logo
6 Key Differences Between Tap & a Traditional Crypto Exchange
Delve into our in-depth analysis: 6 key distinctions between Tap and traditional crypto exchanges


In the rapidly evolving landscape of cryptocurrencies, investors are always searching for dependable platforms that provide effortless trading experiences and a diverse array of features. Among the multitude of options available, distinguishing between Tap and traditional crypto exchanges can be challenging. Although both facilitate cryptocurrency trading, they exhibit notable disparities in their offerings and functionalities. In this article, we will delve into five fundamental distinctions that position Tap as a superior choice when compared to traditional crypto exchanges.

All-in-One Platform:
One of the most significant advantages of Tap over traditional crypto exchanges is its all-in-one platform. Tap is not solely a cryptocurrency exchange but a comprehensive financial platform that seamlessly integrates cryptocurrencies with traditional fiat financial services. Users can hold and exchange various cryptocurrencies alongside fiat currencies in a single account. This unique feature provides unparalleled convenience, allowing customers to manage their finances and investments in one place. On the other hand, traditional crypto exchanges usually only support cryptocurrency trading, requiring users to transfer funds back and forth between different accounts for fiat-related transactions.

User-Friendly Interface:
Tap prides itself on its user-friendly interface, designed to cater to both seasoned traders and newcomers to the crypto space. The platform's intuitive design makes it easy for users to navigate, monitor market trends, and execute trades efficiently. Additionally, Tap provides real-time market data, educational resources on its blog, and insights to help users make informed decisions. Conversely, many traditional crypto exchanges can be overwhelming, especially for beginners, with complex interfaces and limited educational support.

Instant Fiat-Crypto Conversion:
Another standout feature of Tap is its instant fiat-crypto conversion. Users can easily convert their fiat currency into a wide range of cryptocurrencies at competitive exchange rates, without the need for additional transactions or fees. This convenience streamlines the trading process and allows users to capitalize on market opportunities swiftly. In contrast, traditional crypto exchanges often require users to deposit funds, wait for approval, and then execute trades, which can take hours or even days to complete.

Broad Range of Cryptocurrencies:
Tap offers an extensive selection of 40+ cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more. With Tap, users have the flexibility to diversify their crypto portfolio easily. Moreover, the platform regularly adds new cryptocurrencies to its offerings, ensuring users have access to the latest and most promising digital assets. In contrast, some traditional crypto exchanges have a limited selection of cryptocurrencies, restricting users' investment options.

Pair Agnostic Trading:
A key advantage that sets Tap apart from traditional crypto exchanges is its pair agnostic trading feature. With Tap, users can seamlessly exchange any crypto asset for any other crypto asset directly on the platform. This eliminates the need for multiple exchanges or restrictions on which assets can be traded against each other. Unlike traditional crypto exchanges that often impose limitations on trading pairs, Tap empowers its users with unmatched flexibility, allowing them to swiftly trade between a vast array of cryptocurrencies or fiat.

Enhanced Security and Regulation:
Tap sets a high standard for security and regulatory compliance. As a regulated financial institution, the platform follows stringent security measures to safeguard users' funds and personal data. Tap employs advanced encryption protocols and two-factor authentication to protect accounts from unauthorized access. Additionally, it complies with regulatory requirements, ensuring a safe and reliable trading environment. On the other hand, traditional crypto exchanges may not always adhere to the same level of regulatory scrutiny, leaving users potentially exposed to security risks and uncertainties.

In conclusion:
In conclusion, Tap stands out as a superior choice compared to traditional crypto exchanges due to its all-in-one platform, user-friendly interface, instant fiat-crypto conversion, broad range of cryptocurrencies, and enhanced security and regulation. Its seamless integration of cryptocurrencies with traditional financial fiat services makes it a one-stop solution for financial management and investment needs. With Tap, users can trade cryptocurrencies with ease and confidence, backed by a robust and secure platform. Whether you are a seasoned crypto investor or a newcomer to the world of digital assets, Tap offers a compelling and competitive solution for your trading and financial needs.
Posted at 20/4/2023 21:17 by ftangftang
Tap Global Group Plc
Trading Update
20 April 2023

Tap Global Group Plc

(“Tap” or the “Company”;)

Trading Update

Tap reports significant financial and operational progress in 100 days since listing

Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap between traditional finance and blockchain technology, is pleased to provide an update on its performance since listing on the AQSE Growth Market on 10 January 2023 (“Listing̶1;).

Highlights

Revenue: £1.16m in Q1 2023 (Q1 2022: £0.25m)
Average monthly revenue up 347.5% in Q1 2023 to £385,000 (Q4 2022: £86,000)
Registered users up 30% since Listing to 144,305
12 new cryptocurrencies listed on platform since Listing taking total to 39
Financial Performance

Since Listing, Tap has seen a material increase in revenue delivered through its platform and is pleased to report revenue of £1.16m in Q1 2023. Revenue delivered in Q1 is over four times the same period last year and is more than that delivered by the operating business throughout the whole of 2022 (£1.1m).

As previously announced, Tap intends to commission analyst research in the near future which will establish revenue and profitability forecasts.

Platform Growth

Following the addition of over 30,000 users since Listing, there are now 144,305 registered users on the platform with customers increasingly seeking the security of a regulated, insured, and low-fee provider. This growth has been delivered against a challenging backdrop for cryptocurrency users with a number of high-profile exchange crises taking place throughout 2022. To support its continued growth since Listing, the Company has increased user capture through marketing initiatives, social media campaigns, referral programs and collaboration with cryptocurrency influencers.

The Company continues to plan for international expansion with Foreign Money Services Business registration secured in Canada and entities incorporated in the United States and Australia. While Tap intends to launch in these markets at the optimal time, management is adopting a necessarily prudent approach, particularly given the emergent hostile regulatory environment in the United States and the increasing legal complexities of launching in that jurisdiction. This shift in the opportunity-to-threat balance is also set in the context of Tap’s significant growth in its core markets in Europe. Management is constantly evaluating the best time to execute on the Company’s extensive expansion plans and will update shareholders in due course.

Tap maintains its focus on expanding its user offering with 39 cryptocurrencies now listed on its platform, including 12 added since Listing. This improved offering combined with continuous user experience upgrades, should help maintain user growth momentum alongside the retention of existing Tap users.

Operational Growth

Beyond its core platform, Tap continues to grow its B2B offering including cryptocurrency business accounts, Crypto-as-a-Service, and the Company’s Cards-as-a-Service solution, for which leading global cryptocurrency exchange Bitfinex was announced as the first client in January 2023. These additional B2B revenue streams position the Company as a full-service cryptocurrency business and lay the foundation for the launch of further B2B solutions.

Tap’s continued financial growth and the additional funds raised through the Listing have allowed the Company to increase its headcount across marketing, sales and compliance, providing the Company with the resources to continue on its expansion trajectory.

David Carr, Chief Executive Officer of Tap Global, commented:

“We are delighted with Tap’s progress since Listing, particularly given the headwinds that cryptocurrency businesses have faced over the last 18 months or so. The decision to become a regulated entity and place a strong emphasis on user protection from Tap’s inception is working strongly in our favour and is reflected in the impressive user growth and retention on our platform.

While we will continue to pursue global expansion, the sustained growth we are experiencing in our existing markets affords us the benefit of being able to time our new market entries wisely in order to secure the best outcomes for both customers and shareholders.

We look forward to providing further updates in the coming months as we build our capabilities and welcome more users to Tap’s unique platform.”

The Directors of the Company accept responsibility for the contents of this announcement.
Tap Global share price data is direct from the London Stock Exchange