Cryptocurrency trading has gained immense focus in the last decade, especially in regions like North America and the Asia Pacific. The ease of purchasing and selling cryptocurrencies has made it popular amongst individuals, and investors. However, there have been calls for the creating certain regulations in the crypto market, mainly due to the presence of fraudulent activities such as falsification of crypto value, along with the misuse of funds. Government bodies across the globe are increasingly discussing ways through which the market can be standardized, and the transparency can be increased. Crypto trading platforms are also innovating to a greater extent, and the incorporation of technology such as artificial intelligence is expected to gain traction in the coming years. Furthermore, there were demands for the complete inclusion of all crypto derivates on the trading platform, and BTCEX is aiming to achieve this.
The innovative crypto exchange platform mainly aimed at crypto currencies, BTCEX.com, was established in Seychelles, a country which is increasingly seen as a business paradise due to the low tax rates. However, BTCEX's parent company, BTCEX Exchange Limited, is headquartered in Ontario, Canada, and it had received the Canadian Money Services Businesses licensing for the trade of entities such as foreign exchange, digital currency, and money. BTCEX's team of founders were part of numerous elite trading platforms that include Binance, Bithumb and Huobi. The innovations on the BTCEX platform was possible due to years of technical experience the founding team had gained through their encounters in the crypto trading market. The current platforms in the crypto trading market lacks complete usability, and this made the founders come up with the BTCEX platform, making it stand apart from its competitors.
The main feature of BTCEX is that a complete range of trading services are provided to the end users, both at the derivatives level and spot level, thereby increasing the usability of this platform. BTCEX becomes the first exchange platform that deals to derivates to offer trade of Tether (USDT), especially under the combined margin. Combined margin mode refers to the practice of allowing the traders to share their margin between options, leveraged spot, and future trades, simultaneously. Hence, the traders are offered more adaptability while trading, which in turn reduces trading costs and raises the efficiency of asset utilization. BTCEX's main target base includes Spanish and English speaking countries, Japan and Korea. The Asia Pacific region is seeing an influx of traders that are looking at platforms that offer increased flexibility, and BTCEX's strategy can help in drawing more traders from the region. Furthermore, the platforms motto is multiplication of the end users options, and it aims to emerge as a prominent player in the crypto exchange platform in the coming years.
A maker fee of 0.02% and a taker fee of 0.05% is levied by BTCEX. An insurance fund of 500 BTC has been established to take care of the bankrupt account's negative balance. BTCEX's matching and liquidation engines are capable of matching around 100,000 transactions per second. Moreover, professional traders can avail trading API. The funds can be withdrawn any time of their choice, unlike the withdrawal limits in some platforms.
To know more about the BTCEX platform, visit https://www.btcex.com/