KuBiTX: Cryptocurrency Trading Exchange

A report issued by the World Bank in August 2017, unleashed that around 2 billion people were unbanked across the world. Cryptocurrency can bridge the gap and play a vital role in the financial inclusion of people who are still unbanked. The global adoption rate of cryptocurrency is still below 3% implying that there is still a lot more room for growth and as more tokens are created, they will need to be listed in Exchanges. So there is still a demand vs. supply gap of cryptocurrency exchanges. The market is ripe for Cryptocurrency as witnessed this past year. Exchanges such as Binance, Bittrex, and many others had to halt registration of new users because they could not handle the ever-increasing traffic with their current infrastructure. More education still needs to be imparted to educate more people.
The current trends clearly state that traditional banks are still struggling to reach the unbanked across Africa. In the year 2014, a report revealed that around 66% of Sub-Saharan Africans did not have bank accounts. The primary reasons of this restrained banking are the small size of national markets, a lack of financial literacy, low-income levels, political instability and weak judicial systems. Also, the problem arises when banks continue to rely on traditional banking models of branch networks, expensive technology, inadequate systems and a limited talent pool.
To resolve these issues, KUBITX has been launched. The current population of Africa as a whole stands at 1.28 Billion1which has a growth rate of 2.52% yearly. This huge market serves as the target market for the Vision and Mission of KuBitX.

KuBitX:

KuBitX shoulders the responsibility to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem. KuBitX aims to leverage the emerging technology to move forward in the vision and mission that they have. KuBitX has been developed not just as a trade engine but an engine for growth and development of the emerging markets assisting in financial inclusion, financial education and Blockchain adoption by the people. The KuBitX Exchange is designed to operate at low latency, high throughput, and maximum uptime. By incorporating geo-replication in its architecture, the exchange is built to be fault tolerant, ensuring that the platform delivers a seamless and uninterrupted trading experience to its users.

Why KuBitX?

1. They plan to involve market makers to build sustainable volume on the exchange, reducing cost of transactions and simplifying the complete process.
2. Also, to avoid wash trading, they have Anti Market Manipulation (AMM) tool on the platform. Market surveillance, supervision and compliance are being looked into very carefully. The admin can choose to freeze an account associated with suspicious trading.
3. KuBitX takes the security of the whole platform very seriously. Hereby, they not only are developing our own exchange system secure but also plan to make users aware of various frauds and hacks going on in the market.
4. KuBitX has designed a customizable security architecture to ensure encryption keys are stored very well.
5. KuBitX will educate people how to take advantage of Blockchain philosophy thus enhancing financial inclusion.
6. KuBitX with extensive strategic partnerships with the private and public sector, have designed an institutional investment plugin on the KuBitX engine to enable a higher volume of crypto trading and traditional capital trading functionalities.

KuBitX Team:

1. Eric Annan: Co-Founder & CEO. Eric leads KuBitX as the Chief Executive Officer. He is Entrepreneur/Blockchain Educator.
2. Domenic Thomas: CEO, FSP Division CEO, World Blockchain Initiative (Worbli.io), Leads the Financial Services Division for KuBitX.
3. Peihan You: Chief Strategy Officer, Digital Service and Marketing Expert.
4. Victor Akoma-Philips Co-Founder, Chief Operating Officer Blockchain consultant, evangelist, and contribution.
   Conclusion:
   The KuBitX digital currency trading platform will be directly integrated with its financial services providers, allowing users a seamless experience when managing their accounts and buying/selling digital currencies and tokens. The platform will soon conquer the market.

For more Details visit
Website - http://www.kubitx.io/

Whitepaper - https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf

Telegram - https://t.me/kubitx_official

ANN - https://bitcointalk.org/index.php?topic=4628365.0

Published by- karanj

Profile - https://bitcointalk.org/index.php?action=profile;u=1030341