Bitcoin has rocketed since last October and has topped $41,000, surpassing the lifetime high last week. It is obvious that the crypto contract trading has become more and more popular such as FTX, providing perpetual contract services, and eToro, a popular social trading platform, offering copy trading services. The number of cryptocurrency exchanges had increased dramatically from 2014 till now.
In order to survive in the market, many trading platforms have integrated as much functions as they can into their services. Though many cryptocurrency exchanges still adhere the sole concept of buying, selling and trading digital tokens.
Facing distinct types of traders, Bityard offers diverse crypto trading services according their needs. For veterans, Bityard not only provides more than 30 trade mainstream digital currencies such as BTC (Bitcoin) and ETH (Ethereum), also offers up to 100x leverage, which can help users get more profit via flexible trading. Yet, not everyone possesses sufficient professional knowledge and trading strategy. For those who have no crypto related background, copy trading is the most for novices since they can benefit from an experienced trader’s knowledge and trading strategy. Therefore, in November, 2020, Bityard launched its copy trading system for global crypto beginners, which can considerably minimize the investment threshold for them.
When it comes to the major concerns of traders, enterprising criminals and seedy investors has been their nightmare. In addition to obtain four legal financial licenses issued by four national institutions, Bityard has partnered with Binance, the largest cryptocurrency exchange in terms of volume to launch cryptocurrency spot trading. It means that Bityard provides an accurate system that is transparent and regulated, eliminating the fear of irregular transactions that can be common in the crypto market. Spot trading in cryptocurrencies is an easy way to access the market as its straightforward for all traders. It entails both fiat-to-crypto and crypto-to-crypto trading.
At the same time, in order to keep up with the trend of market, Bityard plans to bring different types of derivative trading services including forex and U.S. stock CFD to professional financial investors in the future, and will launch perpetual cryptocurrency contract trading services to meet the needs from different types of users.
As a whole, people’s acceptance of cryptocurrency changes significantly. From suspecting the falseness of cryptocurrency in the first decade to the quick rise of value in 2021, it begins to enter the traditional finance system. Thus, the increasing popularity has led to the emergence of various exchanges. Yet, how the exchanges should adapt to the ever-changing changes in the market and keep up with the trend is something the exchanges needs to think carefully about. Bityard has always been ahead of the times, breaking stereotypes of ordinary exchanges, aiming to become an integrated exchange and provide one-stop trading services.
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