New Generation Cryptocurrency Exchange Linking Billion Dollar Crypto and Fiat World
With the advent of Blockchain technology, thousands of cryptocurrencies appeared in the market. With the rise of the crypto world, numbers of crypto exchanges appeared, and these exchanges are growing day by day. Crypto industry is at a very early stage of development, due to which it faces various issues related to regulations, security of funds, and customer data protection.
Credit: https://www.coindesk.com/nasdaq-delist-long-blockchain-appeal-fails
Industry experts have done various research and survey in the trading community and found that there are various functionalities and areas where current exchanges are far from. Transaction speed, atomic swap, OTC trading are few examples of that. Increasing trading volume catapult the crypto exchanges to follow the unorthodox process to increase the activity and market shares. As the competition is increasing, more and more coins are coming into the market, which is causing immense pressure on the crypto exchanges. After the recent peak, although trading volume has decreased, the number of crypto users have increased by many folds. This gives a clear signal that crypto exchanges have a bright future provided they deliver the innovative solutions to customer needs.
One of the main issues which most of the exchanges facing is volume, if the volume of trade is very less, it is easy to manipulate the market. Crypto exchanges are struggling hard to overcome this issue. Moreover, hacking is another issue with centralized exchanges, all the new generation exchanges are taking due care and spending enough in information security to avoid such issues, which can impact customer’s funds directly.
There are various new exchanges who are working hard to bring innovative solutions, Bitrus is one of them who is creating a platform which will be used as a vehicle for users to invest and trade in cryptocurrencies.
Bitrus exchange would be one of the first exchange to provide various kinds of functionalities to its users, which will help them to learn and grow in the crypto industry. With the learning platform of Bitrus users can start trading and learn from a demo account, subsequently, they can use different interfaces (beginner, advanced, expert). This will help everyone to become an expert trader through a series of tutorials. Underneath offerings will be provided by Bitrus to stand out from his competitors.
- Crypto/Crypto(C/C) and crypto/Fiat(C/F)
- Social network
- Wallet
- Technical analysis
- OTC ratio
- Subaccounts
- 2.1M+ transactions per second
- CRM
- A Referral and Affiliate Program
Based on the customer’s profile, cold/hot storage, advance/ normal trading view, and the demo mode will be provided on Bitrus platform. Bitrus coin will further enhance the capabilities of Bitrus exchange and usage of it will minimize the trading fees.
To summarize, the demand for crypto exchanges are increasing day by day, but product owner should precisely understand the customer’s need and develop the solution accordingly. Nevertheless, independent of the type of crypto exchange, all will help each other to increase the usage of digital currencies.