WHAT IS BITMAX.IO?
BitMax.io is the industry leading next-generation digital asset exchange that provides a broad range of financial products and services to both retail and institutional clients across the globe. This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and efficient trading experience.
The introduction of the trading model that combined “transaction-mining” and “reverse-mining” by BitMax.io is definitely revolutionary in the competitive crypto exchange space where “transaction-mining” can be quite common practice. Transaction-mining rewards platform users with tokens for trading on a platform. However, with “reverse-mining” mechanism, BitMax.io platform users receive not only BTMX tokens as a reward for trading on the platform but also rebates for executing maker trades. Since the launch last November, the combined trading model has proved effective to bring additional liquidity to the platform.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. Its newly launched margin trading function is another step forward from product offering perspective to better serve their dynamic trading needs. For those users who understand and acknowledge the risks involved in margin trading, the function allows users to borrow funds from the platform and to trade more digital assets than they normally could afford. The list of digital assets that can be traded on margin has increased from the initial four to 18 different tokens, even including BTMX platform native token. Again, this is the pioneering move among all the exchange players, that not only builds upon its progressive BTMX token economics but also expands the utility functions of BTMX, especially with those BTMX under lock-up that can be used as collateral.
Overall margin trading can bring more trading volume and enhance liquidity on the platform. As users have more buying power, they can leverage tradable assets as collateral for potentially high returns on their investment when prices go up. However, they must take the risk of potential losses when prices move down. (The margin trading function of BitMax.io is not available for North American markets.)
A COLLABORATIVE PARTNERSHIP
With the commitment to listing only top-quality industry products as part of its client-centric strategy, BitMax.io has expanded its global client base to over 110,000 registered users with 40,000 active community members. Over the last few weeks, the team has successfully launched the primary listing of seven innovative new projects and the BOLT listing will be another great one. BitMax.io and BOLT are both dedicated to promoting the broad-based adoption of cryptocurrencies with focus on real-world usability and scalability.