Trading in Cryptocurrency Rises Despite Odds
PayBito, the top rated cryptocurrency exchange platform run by Silicon Valley based HashCash Consultants, crosses another benchmark achievement of clocking 1 million+ daily trading volume, its first notable claim to fame being that it is the largest producer of White Label products.
The recent surge in the issuance of native digital assets has in its wake paved way for a lineup of cryptocurrency exchanges, but unfortunately not all of them live up to the market expectations. Similar to the challenge of recognizing a coin with true potential and value, it is difficult to come across exchanges that check all the boxes intrinsic to a successful cryptocurrency exchange – security, reputation, customizability, agreeable fee structure, and available information. Neither is it easy to sell underperforming services to a technologically sound market that has resulted users and potential investors to flock to established names with a proven track record.
An increased traffic in itself is essential to add credibility to the exchange, because the information on pricing is likely to be more accurate on the platforms with higher volumes of transactions.
Among newcomers, PayBito is leading the popularity race with its multi-signature crypto trading platform that recently rolled out SegWit. It uses bank-level security standards to protect users from hacks, and monitors AML and KYC checks before users can load their wallets for purchase from the app. Trade can also be carried out by using Bitcoins as the base currency after going through KYC/AML checks required by concerned jurisdictions.
However, it would be ridiculous to think that every one of the users whose cumulative activities have made up a million trades in just one day all have identical requirements from their common trading platform. PayBito aims to meet their respective expectations by offering two separate versions of the exchange platform, designed to cater to two sets of requirements, namely PayBito Pro, and PayBito Basic Version.
According to the representatives of the company, PayBito Pro is the trading variant, whereas the ‘Basic Version’ is the retail variant, of the same platform. Pro offers an open order book to its users where participants can buy and sell cryptocurrencies according to their trading requirements, and execute a peer-to-peer exchange. The basic version, on the other hand, comprises of a closed order book where the users place their order and trading takes place at the rate offered by the exchange.
Additionally, PayBito is offered as a White Label cryptocurrency product to companies interested in using the software to run their own exchange. “Enterprises are looking for off-the-shelf cryptocurrency exchange software and they find PayBito to be a great fit for their needs. We enable them to run their own exchange without having to go through the development cycle of building one” said Raj Chowdhury, MD of HashCash.