The cryptocurrency markets are filling up with new investors as the bull run continues. Earlier this month, a customer-focused exchange launched services dedicated to newcomers, as well as savvy traders who wish to take advantage of 100X leverage on contract trading. Wisebitcoin is a part of an ecosystem with greater than $6 billion in buying and selling quantity and a pair of.3 million transactions per second on single buying and selling pairs. It additionally presents deep liquidity and 24/7 buyer assist that features dwell cellphone help and extra. To get the newest, we sat down with Wisebitcoin Senior Advisor JW Cho.
Please inform us your identify and somewhat about your self?
Hiya, I’m JW Cho, Wisebitcoin’s Senior Advisor because the launch of the beta model in 2018. In my profession, I’ve been dedicated to constructing the blockchain know-how infrastructure within the monetary and funding fields. I’ve labored for varied high monetary establishments in Southeast Asia and developed a variety of monetary derivatives.
Wisebitcoin is an revolutionary worldwide decentralized cryptocurrency alternate targeted on skilled merchants. With cloud companies, we anchor over 280 different international cryptocurrency exchanges, connecting greater than 15 million customers. Due to this, Wisebitcoin can present deep liquidity while sustaining a steady and safe buying and selling surroundings within the risky crypto markets.
Wisebitcoin goals to make cryptocurrency buying and selling quicker and simpler. What’s the know-how behind the Wisebitcoin alternate and the way do you intend to attain this?
Since its beta launch in 2018, Wisebitcoin labored on implementing necessary system and cloud connection upgrades.
There are three foremost options within the know-how behind Wisebitcoin. The primary one is its asset custody and clearing know-how. This consists in distributed digital asset custody and settlement know-how by means of the consensus mechanism of transaction knowledge add, cold and warm pockets separation, multi-signature and member node clearing to attain the objective of asset safety and transaction credibility, making the platform environment friendly, clear, and safe.
The second is excessive performances. Mixed with the specifically designed distributed transaction processing know-how, the platform solves the issue of real-time transaction and consistency within the distributed surroundings introduced by bodily fragmentation. Even when some node fails, it’ll don’t have any impact on the system operation. It lays basis for serving a large person base.
And third, diversified liquidity. Trade companions can share liquidity, entry the depth of many well-known exchanges, rapidly mix orders, and make sure that companions have adequate depth and liquidity.
What’s contract buying and selling and what makes it totally different from conventional buying and selling?
The contract buying and selling now we have is a comparatively new product. It’s totally different from spot buying and selling as you don’t must personal belongings. When you find yourself doing contract buying and selling you aren’t really shopping for or promoting cryptocurrency itself as you do in spot buying and selling. The worth of the contract follows the worth of cryptocurrency and also you profit from the worth actions with out really having cryptocurrency as a result of the contract is designed to comply with the costs.
One of many foremost benefits of our platform is that we provide as much as 100X leverage for contract buying and selling.
Inform us extra about different distinctive options and companies on Wisebitcoin that distinguish it from different crypto exchanges.
Wisebitcoin’s distinctive options lay in deep liquidity, with $6+ billion every day buying and selling quantity due to the connection to cloud companies that anchor over 280 retailers and 15 million customers worldwide. The alternate options as much as 100X leverage and over 2.3 million tps single buying and selling pairs. Furthermore, the easy, user-friendly interface, cellular app, and insurance coverage fund for asset safety set Wisebitcoin aside from the opposite cryptocurrency exchanges in the marketplace. Skilled cryptocurrency traders, together with margin merchants and people on the mainstream market, require particular options that not each alternate can present and Wisebitcoin is a brand new alternate that might be a most popular technique of shopping for and promoting crypto for skilled merchants around the globe.
Additionally, the workforce at Wisebitcoin is proud to launch the brand new Associates program! Our partnership contract has excessive aggressive commissions, with the usual fee at 30% and affiliate fee at $2.1 for maker and taker commerce varieties. By means of this program, Associates can even profit from different options provided by Wisebitcoin like commercial, instruments for CRM, commissions administration and extra.
What’s the present market measurement of crypto exchanges and what ought to we count on in 2021 and past?
Based on knowledge on coinmarketcap.com, the overall crypto market cap is round $1,107.24B.
COVID-19 absolutely had an impression within the coin market, because it impacted the finance, fintech, and crypto industries. Consequently, gamers and merchants wish to safe their cash, so presently, we will see inflation.
In 2021 we will solely count on for the market and exchanges to develop and attract a brand new set of gamers and customers. In 2020 we’ve already seen individuals getting interested in Bitcoin and cryptocurrency – throughout the pandemic, individuals had extra time to entry the information and media websites the place by the way the protection round crypto and Bitcoin have seen a rise. So we predict that a number of the the reason why the coin market is getting larger are its media publicity and other people beginning to get genuinely about it and wanting to seek out an alternative choice to conventional finance in such unpredictable occasions. If the USD has points, merchants will purchase gold, so we count on Bitcoin to turn out to be the gold asset for the brand new technology of merchants.
The final month of 2020 noticed a mass exodus of bitcoin leaving exchanges. How does this have an effect on crypto exchanges and the Bitcoin market?
As huge worldwide companies, entrepreneurs and finally banks began to be extra and concerned within the coin market and Bitcoin, totally different international locations felt the necessity to improve their insurance policies and introduce new ones leading to customers preferring to go away the exchanges and ready for these new laws to be carried out and see how they’ll pan out within the following months. As soon as every part is settled, customers will begin to convey their cash again to the exchanges and the market will begin to develop once more.
May you inform us about your buyer assist and safety measure at Wisebitcoin?
At Wisebitcoin we’re a multicultural workforce of finance professionals and we purpose to offer the best degree of buyer assist with a 24/7 dwell cellphone assist and dwell chat.
The workforce has the trade’s high safety consultants take part within the safety safety design and works with exterior safety firms to reinforce community safety safety. By means of Wisebitcoin’s decentralized internet hosting and clearing capabilities, the platform can successfully remedy digital asset safety points. Additionally, now we have 2FA and chilly wallets.
Due to the cloud system anchoring greater than 280 retailers, we will’t manipulate costs and quotes like different exchanges that may make and alter the market costs.
Do you could have any present alternatives for buyers and companions at Wisebitcoin?
Wisebitcoin is a part of Land Prime Group, which owns properly established monetary establishments together with Land-FX UK, which is a mom firm positioned within the UK and controlled by FCA.
At the moment, now we have launched a number of promotions which might be accessible till the tip of January: a particular USDT bonus promo, social media marketing campaign and an affiliate sign-ups promotion. Any customers and associates can take part by becoming a member of our platform.