Connect with us

Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

Published

on

AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible standard in terms of compliance, transparency, and performance.  Performance is especially important when trying to meet the demands of institutional traders as they often demand the crème de la crème.  This is why AAX decided to utilize LSEG Technology’s Millenium Exchange matching engine making it the first cryptocurrency exchange to do so.  This the same technology that is used by traditional markets such as the London Stock Exchange and Borsa Italiana, both of which now cater to cryptocurrency traders.

In addition to the above two major exchanges, LSEG provides solutions to over 40 traditional capital markets around the world and now, with AAX, is powering a cryptocurrency exchange as well.  This is a breakthrough achievement and a major milestone.  As cryptocurrency continues to mature in terms of number of participants and total market capitalization, it is imperative that the technology continues to operate at the highest possible level to match the demand that is coming.  LSEG will certainly be up to the task.

One Stop Shop for Trading

As most of us traders are aware, we often have to use multiple trading platforms in order to fulfill all of our trading needs.  We have to use one platform for spot trading, another for futures, and one more if we need OTC trading.  Fortunately, AAX ends that need for multiple platforms as it is truly a one stop shop that fulfills all of one’s trading needs.

With regards to spot trading, AAX offers over 60 different trading pairs including the extremely popular USDT-settled BTC contracts.  AAX offers ultra-low latency with execution speed of under 200 micro-seconds and maximum liquidity due to active market makers that provide a stable supply of digital assets at competitive prices.

One area where AAX really shines is with futures trading.  This is an area that is especially attractive to institutional traders but is quickly catching on with retail traders.  One major advantage of trading futures with AAX is that the contracts do not expire thanks AAX’s perpetual contracts.  With most futures contracts, traders only have a set amount of time to profit.  AAX’s perpetual contracts give the trader maximum flexibility in deciding when to exit the market.  If that wasn’t enough, traders can also get 100x leverage on their positions when they’re feeling especially confident about the direction of the market.

Final Thoughts

The crypto markets in the midst of a major bull run thanks to Ethereum and the rest of the DeFi tokens.  These huge trading gains are bringing in more and more active crypto traders who will need to find a fast, inexpensive, and secure exchange to do their trading.  From my point of view, AAX is as good as they come.  Everything that a trader could possibly need such as liquidity, inexpensive trading fees, institutional-grade technology, and variety of products available are as good as they get at AAX exchange.

Image by Sulayman Sanyang from Pixabay

Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

Published

on

Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

Continue Reading

Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

Published

on

Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

Continue Reading

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Press Release