Market Overview

BTSE Launches Ethereum Spot and Futures Trading

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DUBAI, United Arab Emirates, Aug. 16, 2019 /PRNewswire-PRWeb/ -- After Bitcoin, Tether, and Litecoin, Ethereum marks the latest cryptocurrency addition to the multi-currency exchange BTSE. Beginning on August 16th, 2019, BTSE will support ETH spot and Futures 2.0 trading.

In order to maximize ETH's potential, BTSE provides the means for traders to access to ETH spot and futures trading with up to a hundred times leverage on BTSE.com. Futures trading presents an increasingly popular way to invest and is often regarded as the gateway to institutional capital.

BTSE takes futures trading to the next level by improving on the flaws of current exchange platforms offering similar services. Correspondingly, users will no longer have to deal with inefficient interfaces, mandatory crypto trades which complicate the on-boarding of new traders, and inconvenient downtimes or overloads.

BTSE's Futures 2.0 allow traders to post margin and settle transactions in any combination of fiat and cryptocurrencies supported by the platform. This can be used to achieve a better ROI, while it also integrates the liquidity of several assets and markets.

The feature is further particularly beneficial to traders that do not want to hold cryptocurrencies themselves, but still wish to open futures contracts for Bitcoin (BTC), Tether (USDT), Litecoin (LTC), and Ethereum (ETH). BTSE's approach builds a bridge between cryptocurrencies and the global futures market to serve the purpose of growing the cryptocurrency trading market internationally.

How to start trading futures on BTSE.com
The process is simple: upon completing the registration, users are able to pick their preferred trading currency and start trading immediately after depositing funds into their account.

About Ethereum
Touted as the "world computer", Ethereum is a permissionless open-source platform which enables the development and global deployment of decentralized applications (dApps). Through its ERC-20 standard, Ethereum is responsible for an entire surgence of secure asset tokenization. In 2017, the network further became popular as a facilitator of ICO (Initial Coin Offering) launches.

Since it went live in the summer of 2015, Ether (ETH) has constantly been ranked among the top 3 most valuable cryptocurrencies on the market. Most of the times, it has been the second asset after Bitcoin, and at one point in 2017 was believed by a number of market analysts to "flippen" BTC. At its peak, 1 ETH was valued at $1400.

About BTSE
BTSE is a multi-currency spot and futures trading platform whose design challenges some of the biggest shortcomings of crypto exchanges today. Through a next-generation matching engine, databases are no longer required and instead replaced with memory storage. Correspondingly, transactions are processed at faster speed than the sub-millisecond, drastically reducing the risk of system overloads.

Thanks to horizontal scaling, BTSE is the only exchange capable of onboarding any number of users with near-zero downtime. This feature is essential for markets that run 24/7; many exchanges currently lack this type of robustness.

BTSE is designed not only for scalability, but also for security: the platform's servers are self-hosted, which means that BTSE's reliability and data security does not rely on a third party.

The team behind BTSE has a solid background in the sectors of finance, technology, and venture building, and over a decade of experience in developing high volume trading systems. Past companies of the founders include IBM, Cisco, and Goldman Sachs.

BTSE is licensed by the Department of Economic Development, Government of Dubai, and regulated by the Central Bank of the UAE, providing BTSE with strong banking relations.

  • Projects interested in an evaluation for spot or futures trading for their cryptocurrency projects should contact marketing(at)btse.com
  • Press contact: press(at)btse.com

 

SOURCE BTSE

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