Smartrade Crypto Exchange Launches as a New Bitcoin Trading Platform
Smartrade recently announced that it had launched a crypto exchange, which is intended for mass adoption but also serves advanced investors.
The firm is introducing a unique product to the industry. There is a USD pairing on almost all the 164 assets with expansions of offering set to grow throughout 2019. The firm offers an extensive and in-depth list comprised of 600 trading pairs. It also supports an equally large list of fiat currencies.
The Goal and Vision
This platform has a goal and vision of establishing a single trading platform for all types of crypto trading activity. It eliminates the need to utilize other platforms such as wiring funds in and out or finding the right trading pairs. Smartrade offers a fixed fee, easy deposit methods, transparency in trading and peace of mind during withdrawals.
Casual investors will be able to enjoy a simplified interface that makes it easy for them to execute simple trades. For the veteran traders, they will have access to familiar tools that allow them to execute complex trades. Best of all, everything takes place in a transparent and secure platform that will also release audited reports.
Another unique addition to Smartrade is the training resources. These resources are accessible to all investors who are able to enjoy all the features of crypto trading. With more than 12 security measures in place, offline cold storage, and 2FA, this is an exchange of the future. Users can access live chat support 24/7. In the future, the platform will expand into equities and other markets.
For the coming 30 days, new users will be able to access free trading. After that, a low trading fee will be posted and it will be implemented in a transparent manner.
Smartrade is a platform that is registered and it meets Fintrac and FinCen requirements. Users in Canada, Asia, and Europe are the ones supported right now. AppLife Digital Solutions own Smartrade. The AppLife Digital firm is a company that is regulated by the SEC.
It is worth noting that crypto comes with a high risk. With time, it is possible to suffer major financial losses. Thus, crypto is intended for high-risk investors and may not work for all investors.
The Growth of Crypto Exchanges in 2019
The bear market that started in 2018 is still going on in 2019. Despite this, crypto exchanges are still doing quite well. One way they have been able to grow is by diversifying; it seems to be the approach, which the Smartrade exchange has chosen. It is especially important for smartrade to attract non-traditional traders since trying to compete for retail traders in a bear market will not work.
Instead of simply targeting retail traders, they hope to attract major institutional traders. This is one way to keep money flowing into the crypto world. With various tools intended for complex traders, it will allow these traders to protect themselves from sudden fluctuations that occur in the current bear market.