Bitop Exchange, a sociable CFD cryptocurrency exchange supporting up to 100X leverage, has embarked on an educational drive for its over 100k global clientele base.
Education Campaign
In a series of tweets, the exchange posted several education materials for cryptocurrency traders and investors, guiding on general strategy and psychological trading tips. Bitop Exchange takes a multi-faceted approach, primarily focusing on simplicity, while offering services to its clients reading from material on its homepage.
The exchange also has an open learning center. This portal, the ramp explains, aims to provide a one-stop learning resource for cryptocurrencies and derivatives trading. In combination, a focus on security and education would help the exchange achieve its objective of being user-centric.
Over 70 Million Active Cryptocurrency Wallets
Blockchain and cryptocurrencies are distinguished from traditional markets by their technological approach.
Opting for decentralization and prioritizing community, blockchain projects have found success. At the same time, some of the world’s leading cryptocurrencies command hundreds of billions in market cap. Mirroring this success is the adoption curve that continues to slant up.
Statista data reveals that there are over 77 million unique and active cryptocurrency wallets. While others prefer to hold their cryptocurrencies participating in blockchain gaming or DeFi, most prefer to trade digital assets.
However, as an emerging field, finding a reliable trading platform offering various solutions to meet the needs of traders can be a challenge. Depending on the area of operation, some exchanges like Binance and FTX have had their derivatives leverage capped at 20X.
Moreover, in some instances, cryptocurrency exchanges are barred from offering complex crypto products regardless of their capabilities.
Simplicity is the Ultimate Sophistication
The Bitop Exchange has a simple user interface and supports various cryptocurrency instruments.
Besides the support of spot trading–where over 20 digital assets, including Bitcoin, Ethereum, and DeFi tokens are listed–, the exchange offers various contracts such as crypto options and derivatives.
Recently, Bitop Exchange announced the launch of the Copy Trading feature. It is a tool that would benefit the skill of experienced traders while concurrently allowing new traders to learn from the industry leaders as they copy their trades. Complementing this service are copy order synchronizer, simulated trading systems, and intelligent risk reminders.
The crypto CFD exchange said these tools are designed with the trader in mind. Therefore, they are simple to use, set to minimize investment risks, and prioritize making the trader understand the risk associated with every product on offer.
Compliance with Regulators’ Stipulations
Despite the role of cryptocurrency exchange and the effort placed by exchanges on user education, regulations play a significant role.
Recent announcements by the SEC and regulators in the U.K. have seen exchanges like Binance slash leverage and enforce KYC to help authorities tackle money laundering and terrorist financing.
Bitop Exchange has a presence in over 150 countries with over 100k clients, operating from offices in the U.S., Singapore, and Taiwan. To remain compliant, the exchange is registered as an MSB (Money Services Business) in the U.S. and Canada. It continues to apply for licenses in other countries.
Security is Critical in Crypto
A big part of the sociable CFD education is also on fund security. The exchange says they combine centralized and decentralized methods for fund protection, securing its liquidity providers and partners.
The exchange has revealed that it has a security team of over 30 experienced engineers and cyber security experts employing a multi-level firewall for real-time monitoring of any data abnormalities.
Moreover, acknowledging that the security of any cryptocurrency exchange is critical, they regularly update its system. The latest Spot Trading System and Upgrade, for example, was executed on September 27.
