Over 50 million folks around the globe take part in international digital forex transactions, whereas this quantity accounts for a mere 1.25% of the world inhabitants it’s set to develop within the coming years and blockchain and digital currencies are gaining immense recognition.
Digital forex exchanges, due to this fact, must combine extra monetary providers into their platforms. This would come with offering choices, futures, derivatives, and CFDs choices to merchants in a easy and environment friendly method.
Bitop is an automatic buying and selling system that provides its customers digital property and derivatives buying and selling providers. CFDs or Contracts for Variations are by-product transactions that permit customers to commerce in shares, foreign exchange, exchanges, and securities with out truly having to personal an asset.
They’re a vital a part of a dealer’s portfolio and recognizing their significance, Bitop is aiming to revolutionize and usher in a brand new period of synthetic intelligence for CFDs with their platform.
Issues of the present blockchain-based system
A serious downside of the present digital forex exchanges is that they lack scalability which generally is a main deterrent within the mass adoption of digital currencies.
One other main concern with the exchanges is that of safety, not distinguishing between cold and warm wallets may end up in not solely hacks and lack of funds however thereby additionally hurt the popularity of the alternate.
Bitop is a self-developed blockchain asset buying and selling system that was launched in 2018 and is registered in Singapore.
The platform seeks to offer its customers with a well-rounded and various ecosystem that features an alternate platform, a cryptocurrency, and an e-wallet system. This might allow customers to extend the effectiveness of their transactions.
Safety and scalability
As talked about earlier, Bitop presents derivatives buying and selling providers to its customers, the derivatives related to Bitcoin, Ethereum, Litecoin, Binance coin, Ripple, and Bitcoin Money could be traded by customers of the platform.
The Bitop platform has additionally developed an impartial threat management system in response to issues relating to safety points. This has been accomplished in an effort to allow a fast response from the platform if there are any abnormalities with the pockets programs and transactions.
Spot and replica buying and selling
Bitop permits customers take-profit and stop-loss choices together with spot buying and selling. Take-profit has a 300% margin ratio whereas stop-loss has an 80% ratio.
The platform additionally has a Copy Buying and selling options, that may be useful for amateurs and novices. This feature offers customers with an inventory of merchants and their efficiency statistics with metrics resembling success charge, previous month returns, 30-day revenue, and so on.
Leveraged buying and selling
Bitop is a platform that provides customers a contract buying and selling choice specializing in CFD. It offers a leverage of 200x and hosts solely futures with expiry dates.
As CFD buying and selling could be dangerous for freshmen, Bitop offers demo buying and selling choices the place customers can follow buying and selling earlier than, they really begin buying and selling on the platform. The stop-loss choice can be useful to scale back losses in buying and selling.
The platform additionally has plans to launch futures with out an expiry date (perpetual futures) inside 2021.
To incentivize the neighborhood, Bitop plans to launch their First Commerce Token, BTOP with a relentless 2 billion provide.
Initially, BTOP will use the Ethereum-based ERC-20 normal token. The token has neighborhood operation in its core excellent and whereas additionally rewarding its neighborhood members by means of proof of POC contribution.
The token is not going to have an ICO (Preliminary Coin Providing) nonetheless, 15% of the tokens have been put aside for crew actions a 55% will likely be used for neighborhood ecological node mining. A ten% share has been put aside for operational bills whereas the remaining 5% has been reserved for authorized and compliance bills.
The Bitop platform offers its providers in additional than 150+ nations around the globe, it has developed its personal ecosystem to make the buying and selling expertise extra comfy for its customers.
Other than its web site, Bitop additionally has its cell app out there for Android and iOS the place customers can simply entry buying and selling charts and different very important details about their trades on their telephones.
With strict safety measures, a easy consumer expertise, and its educative instrument the Bitop platform goals to turn out to be a pioneer within the digital transactions trade.
For extra info on Bitop, take a look at their web site.
Disclaimer: This can be a paid put up and shouldn’t be handled as information/recommendation.