The new platform Bitsgap is designed to allow traders to easily trade and manage cryptocurrency on all exchanges from one interface.
Tallinn, Estonia, November 26, 2018 – Bitsgap has introduced a new platform that unifies both trading and asset management for more than 30 popular cryptocurrency exchanges. The service provides a unique experience for all traders – with a fully secure and reliably fast interface for cryptocurrency spot trading on the top cryptocurrency exchanges, the platform can access more than 10,000 crypto pairs.
The rapid development of the cryptocurrency industry saw both the interest of investors and traders spike as well as the trading volume on exchanges. Since the market was not prepared for such a customer inflow, issues around the provision of service soon appeared. The situation on the market also forced many traders to manage several exchange accounts while looking for the best trading opportunity.
“We noticed that crypto traders are experiencing difficulties searching for the best prices on different exchanges making not efficient trading decisions. Our goal became to implement a unified solution which will offer a hassle-free trading experience for everyone”, said Maxim Kalmykov, CEO at Bitsgap
“With Bitsgap platform we also implemented risk management tools like Stop Loss / Take Profit, Arbitrage, and Portfolio tracking services to cover all the needs to trade and manage crypto assets.”
The Platform resolved most of the issues by combining all tools and services into one:
The trading platform itself demonstrates Bitsgap’s focus on helping users to manage their trades in the most effective way by giving access to a comprehensive list of features. In a matter of seconds, a trader can switch between exchanges and pairs while staying on the same browser tab.
Users are free to trade on all supported exchanges – watch the rates in their local currency, move open orders directly on the charts, use the most common and useful drawing tools and oscillators for TA as well as compare price points on multiple markets. The platform also allows the user to observe different pairs correlation as well as execute trades with predefined Stop Loss & Take Profit order.
The price for the same asset on exchanges may differ due to low capitalization and unregulated volatility can sometimes be high, allowing users to make hundreds of dollars from a single trade. Therefore, traditional arbitrage methodology which involves a withdraw and deposit procedure is somewhat outdated and often fails. The Bitsgap developed an effective tool to assist with a simple set up and instant arbitrage execution.
The live portfolio tracking allows traders to monitor recent transactions on all connected exchanges and provide a detailed summary of trading activity. The platform enables users to know exactly how much money they are making and highlight the most successful trades made in the past.
The Bitsgap team brought trading closer to novice users and introduced a demo-mode that allows testing trading strategies in a risk-free environment on all the supported exchanges.
The best part of Bitsgap is that the service is surprisingly fast and importantly free to use. The support service resolves issues within a few business days and the team has prepared a detailed knowledge base with internal user tools to help on board new customers.
Bitsgap is an Estonian-based company, revolutionized cryptocurrency trading. The platform provides hassle-free experience in Trading, Portfolio Tracking, and Arbitrage with access to more than 30 major crypto exchanges and supports trading for 10,000 currency pairs. For more information or free sign-up, visit the official website.
Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.
The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.
Evan Kuo, CEO, and founder of Ampleforth said,
“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”
Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.
For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.
Jean-Louis van der Velde, CEO at Bitfinex, stated
“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”
Paul Veradittakit of Pantera Capital said,
“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”
Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.
Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.
Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.
For further information please contact.
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