Skip to content

Coins Era

  • Common Stock Investing Mistake Every Trader In The Beginning Makes Bitcoin
  • eToro Halts XRP Trading For US Citizens Following The SEC Charges Bitcoin
  • 3 Reasons Why Bitcoin Doesn’t Care About Elon Musk Bitcoin
  • What Types Of Forex Accounts Are There? Bitcoin
  • Hackers Target Enterprise Blockchains Bitcoin
  • Gas Heater Broke Down? I’ll Just Heat My Caravan With A Bitcoin Miner Bitcoin
  • Business Consensus May Be Blockchain’s Main Challenge Bitcoin
  • How digital asset exchanges can meet institutional investors’ need for speed Bitcoin

Ex Morgan Stanley executives bring expertise to Crypto trading

Posted on July 21, 2020July 27, 2020 By admin

In almost all countries, the use of virtual currency is being accepted now. Not only that, in some countries, there are platforms being developed for the trading of cryptocurrency, which can prove beneficial to many users and traders. This can also help to open a new option of trading for the traders and give a boost to the economy. The use of cryptocurrency can be termed very recent as it does not hold a long history, but it has gained huge fame in the short term, and that is why even authorities have to support it and take action to accept it to a larger extent. According to Phemex cryptocurrency derivatives exchange, it can process over 300,000 transactions per second, which makes it the fastest trading platform in the world. The derivatives exchange is led by 8 ex Morgan Stanley executives, and it has offered latency speeds of less than one millisecond. This can give some confidence to traders who want to buy and sell multiple contracts in bulk at the same time. The exchange also claims that it is less susceptible to outages as it offers 99.9999% availability.

Why is this crucial for the crypto market?

The exchange offering such reliability is crucial for the crypto industry. In the recent past, we have seen outages happen with various exchanges whenever Bitcoin moved by a significant margin. This has reduced the confidence of users on such platforms, and they are frustrated to get caught in the outage. Many traders have made a lot of losses due to such outages in the past. However, with reliability improving due to upgraded technology, it is now easy for traders to enter and exit trades without any hassles in a quick time.

Zero fees for spot trading

In most cases, we have seen that spot trading is very expensive as the fees are very high. However, Phemex has made it completely zero and provides a different subscription plan for traders. The basic plan that comes at 9.99 USDT per month will be more than enough for most traders. However, if you want to save more money, you can choose the three-month plan or go for the annual plan at 69.99 USDT. These plans allow unlimited trades across ETH, BTC, XRP, and LINK.

Customer support in multiple languages

The best part about the exchange is that customer support is available in many languages, which is essential to get traction in different countries. Many people want to have customer support in their native languages, and this will help them to trade without any hassles. This customer support is available round the clock, and users can access them at any point during trading hours and after hours.

Growth of Phemex

The derivatives exchange has managed to grow rapidly within a short duration of time. It has more than 150,000 users and has exceeded $1 billion in trading volumes during February. Most of the new features are still under development, and it also plans to launch different contracts that are backed by metals, energy, and commodities. In this way, users can get to leverage their assets in other investments. The company has also partnered with Banxa that offers fiat to crypto gateway solutions. With this partnership, it is now possible for users to buy BTC, ETH, and USDT by using a credit card and debit card.

In this manner, the presence of ex Morgan Stanley executives has made a lot of difference to this platform. This can bring a lot of expertise in the long run to the crypto trading market. This will be beneficial for traders as they can trade in a safe environment.

Bitcoin

Post navigation

Previous Post: Brazil’s Central Bank Suspends WhatsApp Payments
Next Post: Business Consensus May Be Blockchain’s Main Challenge

Related Posts

  • Former Us President Calls Crypto A ‘disaster Waiting To Happen.’ Bitcoin
  • Which Is The Best Bitcoin Wallet? Bitcoin
  • 3 Reasons Why Bitcoin Doesn’t Care About Elon Musk Bitcoin
  • Gas Heater Broke Down? I’ll Just Heat My Caravan With A Bitcoin Miner Bitcoin
  • Common Stock Investing Mistake Every Trader In The Beginning Makes Bitcoin
  • How Can You Make Your Small Business Switch to Bitcoin? Bitcoin

Recent Posts

  • Gas Heater Broke Down? I’ll Just Heat My Caravan With A Bitcoin Miner
  • Kosovar Government Halts Crypto Mining Amid Power Crisis
  • Crypto Is Impossible To Destroy, Says Tesla Ceo Elon Musk
  • Former Us President Calls Crypto A ‘disaster Waiting To Happen.’
  • Cryptocurrency: The Future Of Futures?

Crypto News

  • Bitcoin Evolution Review from AP News (July 17, 2020)

Recent Comments

    Archives

    • April 2022
    • January 2022
    • November 2021
    • October 2021
    • August 2021
    • June 2021
    • March 2021
    • January 2021
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020

    Categories

    • Bitcoin

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • Gas Heater Broke Down? I’ll Just Heat My Caravan With A Bitcoin Miner Bitcoin
    • Grayscale Crypto Currency Firm Witnesses Growing Demand. Bitcoin
    • Brazil’s Central Bank Suspends WhatsApp Payments Bitcoin
    • eToro Halts XRP Trading For US Citizens Following The SEC Charges Bitcoin
    • Kosovar Government Halts Crypto Mining Amid Power Crisis Bitcoin
    • Former Us President Calls Crypto A ‘disaster Waiting To Happen.’ Bitcoin
    • English Football Club hits Multi-Million Dollars Ransomware Attack Bitcoin
    • Israeli Regulators Propose That Bitcoin Be Taxed As A Currency, Not As An Asset Bitcoin

    Copyright © 2022 Coins Era.

    Powered by PressBook News WordPress theme