Simplifying Cryptocurrency Exchange
The Blockbid exchange solves the issue of having cryptocurrencies scattered across multiple exchanges. Rather than signing on to multiple platforms, users can use a single account to faciliate all of their trades. The new exchange platform offers a system that users can trust while saving time because funds do not have to be transferred between different platforms.
Emma Hoffman, Blockbid CMO, said, “Blockbid is being designed to help traders overcome three main issues; the inconvenience of needing to sign up to multiple exchanges, the unease associated with having coins scattered across multiple (and potentially untrustworthy) exchanges, and missed investment opportunities caused by time lapses in transferring funds between different platforms.”
The Blockbid Platform Is Set to Grow
Users will be able to trade most cryptocurrencies on the platform. Transaction fees are low, and all crypto-assets are insured against potential cyber-attacks. Scalable to up to 1 million transactions per second, the crypto-coin platform is expected to raise the proceeds needed to fund expansion and further development.
Blockbid operates in accordance with Australian Financial Services License guidelines. The product is in line with the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006, which applies international best practices to deter these malicious activities in Australia. Therefore, the platform will be safe and secure, while being positioned for growth in a high-demand market.
The Blockbid cryptocurrency exchange operates on the world’s fastest exchange network, with direct datalink connecting over 180 co-location facilities on 5 continents. A user-friendly front-end enables users to engage in cryptocurrency trading on the same user interface designs used by Facebook, Netflix, and Dropbox, while back-end interfaces are similar to those implemented by websites such as PayPal, eBay and LinkedIn.
With the October 22 ICO launch and exchange to be unveiled in early 2018, Blockbid is expected to undergo future development, enabled through the proceeds raised by user participation and growth. An in-wallet payment platform for all blockchain assets is anticipated. Once it is established, users will be able to access their digital currency from any location at any time. The Blockbid wallet will also support a decentralized exchange, further serving the burgeoning market for cryptocurrency trading.