Blockchain technology with its transparency is the only way forward for true honesty and fair trade within the world of financial trading.
Blockchain allows the decentralized exchange of digital data between its peers featuring an incorruptible ledger recording all transactions. The process is fully transparent at all times, the transactions fully traceable, irreversible and incorruptible. The network guarantees the validity and authenticity of each transaction and fraudulent activity is discarded promptly. There is no single point of failure as the control of the entire network or transactions isn’t down to a single central entity but rather by the entire network. ‘Fixing’, ‘hiding’, ‘manipulating’ or ‘profiteering’ are impossible within a blockchain network. All transactions are fully traceable back to their origins at all times and all network peers have access to that incorruptible ledger.
Currency as we know it, serves as the accepted means of exchange of value and is recognized as such from the time one is old enough to understand value. In the ancient world, Gold has long served as an established means of exchange as well as a commodity. Relative to the era, it was highly fungible, non-consumable, durable and scarce. These traits were strong enough to become a leading form of money simply because there was nothing else around that fulfilled these requirements as well.
Several concepts govern a cryptocurrency’s value, security and integrity. Importantly, cryptocurrencies can be exchanged for fiat currencies in special online markets, meaning each has a variable exchange rate with major world currencies. A few important concepts in the cryptocurrency ecosystem are Blockchain – A technology of keeping a master ledger shared by different nodes (locations) in chronological order with all prior transactions and activities for validity, Private Key – Generally a numeric function that authenticates the identity of a user as a security feature and allows him to exchange units, Wallet – A virtual digital locker that confirms a user’s as the owner of his units.
Cryptocurrency usage has exploded since Bitcoin’s release. Though exact active currency numbers fluctuate and individual currencies’ values are highly volatile, the overall market value of all active cryptocurrencies is generally trending upward. At any given time, hundreds of cryptocurrencies trade actively
By using our innovative and trusted blockchain trading platform, we will democratize the markets and save money for investors and companies, reducing and in some cases, eliminating the tremendous fees and inefficiencies traditionally associated with asset trading.
Bitfx is a next generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading &fintech sectors, and combining them with the power and transparency of the distributed ledger, we’ve created a truly unique product that will revolutionize asset trading and investment banking. As well as asset trading, the bitfx exchange supports a more efficient and secure method of listing assets in the crypto economy, using the trusted record keeping capabilities that only blockchain provides. This is coupled with bitfx’s investment banking and advisory expertise and the reassurance that comes with operating in a regulated environment.
AUltimately, bitfx will be a trading and financing platform for more than just crypto assets. It will also offer Forex and CFDs over precious metals, oil, commodities, indices, global equities, to name just a few. Offering more than 120 products at launch, bitfx.iowill have the capacity to trade any number of assets.
BitFX recognizes the potential for Blockchain to transform the global trading system and as a result, has created an offering and product that not only fills a huge void in the FinTech space but which, most importantly, puts its investors’ and clients’ interests first.