Since its inception, the cryptocurrency market has evolved to become an ecosystem that encourages innovation and the ability to think on one’s feet. This phase shift resulted in the creation of new companies that have taken the technological leap further.
One of the organizations that fall in with this pool is Bityard, with its upcoming announcements and developments expected to shake things up in the industry. The cryptocurrency contracts exchange has made a mark for itself by adhering to details important to users- ease of use, leverage opportunities, and inbuilt security.
The Singapore-based exchange has over 100,000 users spread across 150 countries, and this popularity is owing to the methodical operational process of Bityard. With multinational licenses and low trading fees, Bityard has been gunning for its competitors since the start. Bityard has kept the trading process simple for its users with the company sticking to the concept of “Complex Contracts Simple Trade”.
Market research has shown that customers prefer an environment that can be quickly adapted to, something that Bityard has taken in the highest regard. The exchange has a technical, easy and intuitive surface that can make trade of any magnitude look seamless. The ease of use frees up space for Bityard to include important features that allow users to close trades quickly. This sort of application has been integrated both in the Bityard application and on the active website.
Trading fees have always been a key factor in determining the success of an exchange because of the difference in profit margins. There have been cases where really effective exchanges lose out on a market share because of their high trading fees. Bityard has taken note of this, lowering the trading fees to an industry-low 0.005 percent. Other popular exchanges such as Bitmex and Deribit charge much higher rates of 075 percent. Analysts have claimed repeatedly that the trading community values a good profit chunk and will always abide by it.
The low trading fees were not the only thing that Bityard got right as the exchange increased its scope to include smaller trades as well. At the moment, Bityard users can open a trade from as low as 5 USDT which can be increased to a whopping 20,000 USDT. The confidence to trade such large amounts of crypto requires the user to be guaranteed capital safety. Bityard has checked that box by being assessed and regulated by important institutions.
Bityard is regulated and licensed by bodies all over the world including Singapore’s ACRA, USA’s MSB, Estonia’s MTR, and the Australian AUSTRAC. Furthermore, these licenses allow users to conduct their trades without worrying about geo-economic repercussions. The company expects more users to be drawn in with plans to launch a spot trading and copytrade trading in the works. These features are seen as the next step in changing the way people trade cryptocurrencies. Apart from all this, miners can also make their extra share of tokens by looking out for mining bonuses.
Companies like Bityard play an important role in the cryptocurrency ecosystem because of factors such as reliability and trust. This is the foundation upon which users become Bityard supporting global partners. As the cryptocurrency market enters into a larger and more competitive realm, Bityard has its sight set on coming out on top by keeping the user as a priority.