HitBTC Cryptocurrency Exchange Intensifies EUR & USD Depositing
EE, October
11, 2016 at 13:57 BST
October 11,
2016 a well-established cryptocurrency exchange, HitBTC, publicly increases
support for EUR and USD depositing. From now on, all new registered users can
easily pass the verification process, deposit fiats on their accounts, and
proceed to cryptocurrency trading.
While
there’s a number of cryptocurrencies, paired directly with USD or EUR,
including most popular Bitcoin, Litecoin, and Ethereum, a whole set of more
peculiar digital currencies can also be traded. Altogether, the exchange
provides more than 20 trading markets, continuously listing new, promising
digital assets.
By
enhancing support for fiat currencies, HitBTC is aiming to attract
professionals, engaged with conventional types of trading, like stock markets,
forex trading, commodities, etc. Here are the words of Paul Clarkson, product
manager at HitBTC: “After three years of hard work, we’re finally ready to
bring mainstream traders to cryptocurrencies, and vice versa. Сryptocurrency trading is a young,
sharp, and fluctuating, yet quite established field. Like any other markets,
cryptocurrencies are influenced by a plenty of factors, and follow certain
patterns that can be analyzed and used professionally for making profit.
Therefore, we’re making steps towards traders, so that they can capitalize
their knowledge in a relatively new, promising niche.”
Despite the
fact that blockchain technologies and assets arise and gain traction on an
annoyingly regular basis, digital currencies still haven’t crossed the gap
between the tech-savvy community that plays around with blockchain
technologies, and the real business world that needs cryptocurrencies to fulfill
its specific needs. This is especially the case in sphere of trading, where
most exchanges prefer to remain a niche playground for cyberpunk enthusiasts,
rather than build a solid trading platform, which requires investments,
legalization, and support for traditional financial instruments.
Conversely,
HitBTC aims to reach the mainstream financial market, by growing into a gateway
between cryptocurrencies and traditional finance. The most important components
of this process are:
●
Transparency. HitBTC is a registered trademark, owned and operated by Beta
Business Solutions Inc. The exchange platform and business providing tools are
leased under a platform as a service (PaaS) model.
●
Due diligence. HitBTC implements KYC to identify and verify its clients. KYC
allows to build bridges between virtual currencies and real fiat trading. Every
registered user can verify their account to start depositing EUR/USD, and trade
virtual coins for traditional currencies.
●
Dependable API. The API provides the most functional access to HitBTC
facilities. It gives access to the market data, allows performing trading
operations, provides funds management, and more. The API is robot-friendly and
can be used for algorithmic trading.
●
Support for the FIX protocol. Unlike any other crypto exchange, HitBTC provides
support for the Financial Information eXchange protocol. While FIX is a
de-facto standard for trade communication in the global equity market, it
hasn’t been implemented for cryptocurrency trading before now.
●
Special offers for market makers. HitBTC provides special contracts for both
individual market makers, and companies that know how to rule the markets.
Market making is also possible through the HitBTC’s APIs.
●
Advanced reporting. The exchange team is focused on creating useful trading
tools, hence, all traditional reports like profit and loss report and trade
analysis are featured on HitBTC, and can be used by every user.
Paul
Clarkson continues, “Besides having a professional team of developers, we have
a well-organized team of financiers, and outsourced trading experts. The
massive financial expertise allows us to make our product mature for
penetrating the traditional financial market. As for development, we are
especially proud of our support for FIX, which is unprecedented for bitcoin
exchanges.”
As HitBTC
is already finished with core development, it is now ready to engage newcomers
with 0% depositing fees that can be requested by all new verified users from
October 6 to October 20, 2016.
About
HitBTC
HitBTC is
one of the leading cryptocurrency exchanges, providing trading services for
individual traders since 2013. The HitBTC trading platform is known for its
advanced matching engine, multi-currency support and friendly customer service.
Besides trading between cryptocurrencies, HitBTC provides proper markets for
exchanging cryptocurrencies for fiat currencies, namely USD and EUR.
The
innovative and technological nature of HitBTC is expressed in a stable
dependable API, which satisfies the needs of algorithmic traders. Moreover,
HitBTC provides support for FIX protocol through FIX trading and FIX Market
data end-points.