The cryptocurrency exchange industry has experienced phenomenal growth in the past year but this surge has not been without its share of problems. The 2021 bull market has significantly increased market interest in crypto trading and even the biggest exchanges have struggled to adapt their infrastructure to keep up with the rising demand. This issue has never been more evident than that of May 19th, when the world’s two largest exchanges, Binance, and Coinbase both experienced a website crash which resulted in almost a 1 trillion dollar market loss in a single week.
This recent crash echoes the 2017 bull market in which both exchanges shut down their services on multiple occasions as they struggled to adapt to increased user demand. To further increase pressure on top exchanges, 2021 has seen the rise of decentralized (DEX) exchanges, a new alternative that negates the potential of a site crash by matching traders using smart contracts through a peer-to-peer system design.
With these factors in mind, some new companies are entering the space, who are developing CEX exchanges specifically to avoid the pitfalls that the big names have fallen prey to.
Bit2Me: A Spanish Cryptocurrency Giant
Bit2Me is a specialized fin-tech company in the cryptocurrency and decentralized ledger technology industry. The award-winning company is the largest of its kind in Spain and has developed new technologies and an approach that faces these potential infrastructure problems head-on.
The company’s mission is to revolutionize today’s traditional financial sector through its far more measured approach and new technologies. In doing so, Bit2Me will maximize digital asset management efficiency for individuals, exchanges, mining pools, token issuers, investment funds, token issuers, and even governments.
The company has a global team of over 100 people and more than 20 different solutions to buy, sell and manage virtual currencies and euros. Bit2Me also has its own registered academy which trains more than 1.7 million students every year and is the largest cryptocurrency training portal in Spanish, with half of its students from Latin America; with more than 400 free blockchain articles, certified courses, and videos.
The growing Fin-tech giant has succeeded already in maintaining and increasing the ability to rapidly expand in the crypto and decentralized ledger industry, and now it has its sights set on the global stage.
Bit2Me Platform Development
What separates the Bit2Me platform from alternatives is the move away from the more traditional, narrow service offering, and the focus on the provision of a holistic group of products, each improving the value of the ecosystem by value provision. For Example, Bit2me uses supplementary services to teach all types of users to educate themselves in the many changing facets of the complex cryptocurrency market.
The Bit2Me Academy is at the center of this mantra, offering users 400 classified articles, 7 formative courses, 200 crypto concepts, and 7 downloadable guides. Bit2Me also has a slew of other services including its own TV channel, (Bit2Me TV) Bit2Me News, and Bit2Me.
The Bit2Me exchange platform has seen several upgrades over the last couple of years to keep up with the increasing market demand. The Over-The-Counter (OTC) service was added to allow for higher volume institutional capital and big traditional cryptocurrency investment to all of Europe.
This solution provides higher liquidity, price stability, same-day transaction settlement, 24/7 support, and better open market quotes than most offers on the market, giving Bit2me a fantastic edge over the competition.
Bit2Me is more than just a crypto exchange, it is a one-stop CEX ecosystem with everything any type of trader or investor could need. Last year, the platform recorded 300,000 registered users and over 2 million users have now utilized the Bit2Me academy.
With investments of 1 million euros from a leading venture capital fund, Bit2Me is expanding globally with its newest goal, the launch of its native B2M cryptocurrency token.
Develop, Develop, Develop
Bit2Me has been expanding at an unprecedented rate this year with a series of amazing product developments including Bit2Me Trade, a High-Frequency Trading (HFT) platform of digital assets, and Bit2Me Pay which allows users to make and receive payments in cryptocurrencies and euros for free, instantly, and including micropayments (from €0.25).
Bit2Me has also been developing a commerce solution that allows online stores to accept cryptocurrency payments. The advanced gateway accepts multiple cryptocurrencies, converting them seamlessly to Euros.
In addition, Bit2Me Custody offers users secure custody of digital assets, Institutional grade, highly protected, insured with €100 million, regulatory compliance, and 24-hour support.
The Bit2Me Wallet also now has 4,000 trading pairs and 60 coins, with plans to increase this to as much as 60,000 grading pairs and 250 coins in Q4 2021, into 2022. With so many new developments and more poised for completion after the IDO, Bit2Me has had to grow, and now has a team of over 100 as the company expands to meet the needs of the European market and beyond.
The upcoming IDO will serve to raise more funds to step up upcoming developments for numerous products, however most significantly for individual users is the $B2M reward-based token, the Bit2Me debit card, token staking, and loaning service, which will offer a level of payment flexibility and numerous way to earn passive income at the touch of a button.
Bit2Me To Launch the B2M Token
B2M is an innovative ETH-based reward token and it will act as the lifeblood of the whole Bit2Me ecosystem. B2M token holders will benefit from a discount of up to 90% off all Bit2Me’s exchange service fees, including Bit2Me Wallet and Bit2Me Trade, as well as fiat deposits and withdrawals.
Bit2Me is able to offer such impressive rewards as all fees are paid with B2M which will hugely increase token liquidity. Users of the platform that lend cryptocurrencies to others will also have the option of a higher rate of return if they choose to accept their profits in B2M.
The B2M private sale was hugely successful, raising 2,5 million Euros, and the upcoming public sale on September 6th will provide the opportunity for any interested parties to buy some of the rewards token, to take advantage of all that the ecosystem has to offer.
Tokens will be available in three stages, with the sale ending on September 30th. The goal of the raise will be to support Bit2Me’s movement onto the global stage To sign up, there are 3 easy steps:
- Register an account via Bit2Me’s main website.
- Verify your account using this handy guide.
- Join the Whitelist and schedule your purchase.
The growing team at Bit2Me is now looking at further developing the framework of B2M to allow for a new governance feature that will enable holders to have more of a say with product offers and additional platform features going forward.
This development could enable holders to vote on significant changes, like new cryptocurrency listings on the exchange, staking features, and the development of the academy programs. For more on Bit2Me’s innovative suite of products, its native token, and how it is disrupting the cryptocurrency exchange industry, visit their website here.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/bit2me-a-new-and-innovative-approach-to-cryptocurrency-exchange/