Invest In Bit Trade, Not Just Bitcoin: What Makes Us Different?
Dec 04 2018 · by Jonathon Miller
Category: Press Release
We often get the question from interested customers and investors: what makes Bit Trade different?
In short, we are more than just an exchange to buy and sell bitcoin - we are a cryptocurrency platform and consultancy for blockchain technology that can generate revenue independent of market conditions. Our team can help you take advantage of the potential of this new and exciting industry.
Bit Trade is an enabler. We help individuals and businesses buy and sell cryptocurrency and other digital blockchain assets like Bitcoin, Ethereum, Ripple, and Litecoin through a single platform. Bit Trade is also a consultancy. Our innovation team Bit Trade Labs helps enterprise understand and implement cryptocurrency and blockchain into their operations.
What does this mean? To put it simply, even if the cryptocurrency markets are volatile, Bit Trade can grow its user base of buyers, sellers, and businesses looking to make use of the underlying blockchain technology without the risk of the underlying prices affecting us. That’s why people call us a “Picks and Shovels” business - we help people and businesses engage and implement these exciting technologies by building and selling the tools of the trade and can generate revenue no matter what the market conditions.
You have heard of Bitcoin and Ethereum, likely also Ripple, and you have also heard of blockchain. Blockchain technology is the revolutionary way to organise information and power services behind many of the major cryptocurrencies. Our innovation team Bit Trade Labs helps enterprise understand and take advantage of this.
Enterprises small and large are starting to realise that blockchain technology can help them grow their business and achieve things that existing web and other technologies cannot. Bit Trade Labs is a powerful arm of our business that helps enterprise come to terms with these opportunities, advises them on how to integrate cryptocurrencies, and helps them build their products using blockchain technology.
We also help businesses tap into our systems and make use of our APIs, so that they can bring cryptocurrency and blockchain assets into their own operations and through to their own customers. It’s an exciting time to be a business considering blockchain technology and cryptocurrency, and Bit Trade Labs is here to help.
We don’t believe there will be one digital currency to rule them all. Instead, there will be an almost infinite number of tokens representing many things from currencies like Bitcoin, to stable coins and security tokens. Similarly, we believe there will be many exchanges.
That’s where we come in. Bit Trade’s platform connects individuals and businesses to the global world of cryptocurrency and other blockchain assets via one login. We combine local and global exchanges into a single interface. Right now, you can trade Bitcoin, Ethereum, Ripple, and Litecoin via our self-service login, and we can help you trade larger volumes on a whole range of other currencies from POWR (Power Ledger) to ZRX (0x Protocol), to OMG (OmiseGo), to BCH (Bitcoin Cash), to XLM (Stellar Lumens), to Nano and ZEC (Zcash), and many more using our Over-The-Counter Trading Desk.
For enterprise, we are really excited about rolling out our APIs that will allow businesses and other platforms to use a single unified and standardised interface to access global cryptocurrencies and blockchain assets. Bringing our API tools to enterprise is one area we are thrilled to grow over the coming months as we create programmatic tools for buying and selling Bitcoin, Ethereum, Ripple, and other cryptocurrencies.
In connecting to multiple exchanges, we grab the best prices from each exchange for each cryptocurrency or blockchain asset. This is an aggregation service, where we take the order books of multiple exchanges and combine them into one stream, and then allow individuals and organisations to take the best price (offer, or bid) from these exchanges via us.
The Bit Trade liquidity gateway sources crypto assets from an array of cryptocurrency exchanges globally
This is an amazing tool for our customers who need to make sure they can get the best price, especially when price varies from exchange to exchange. Price can vary even more between international and local Australian exchanges where the price to buy Bitcoin, Ethereum, and other cryptocurrencies have at times been significantly cheaper outside of Australia. The opportunity for arbitrage (when you can find these price differentials) is one that many of our customers have been able to take advantage of using our platform.
We have an adaptive business model that can mould and flex to the changing market conditions. We connect our customers to the global world of cryptocurrencies and support businesses as they explore the power of blockchain technology. We’ve built the tech and have the team and toolkit that will allow our business to scale through the next wave of growth for cryptocurrency and blockchain.
After the December 2017 peak in bitcoin’s price, volatility subsided as the market traded lower. This may sound like doom and gloom. But over the past 11 months, early movers have laid the foundations to accommodate institutional money and fuel the next wave of growth for the digital asset class.
So why is now a strategic time to invest in the crypto industry?
The pieces of the puzzle for larger scale institutional investors to securely hold, invest, and monitor crypto assets are falling into place. Traditional custodians, such as Fidelity, have entered the market to offer custodial solutions for institutional clients. This may sound simple, but given the risks of holding large amounts of crypto, institutional investors will find this a great comfort.
The ICO 2.0 has arrived. Regulatory authorities have started formalising the pathways for compliant token issues known as Security Token Offerings (STOs). These offers can represent rights (like shares) in a company, or in other underlying assets and leverage the power of blockchain to create programmable securities with global P2P instant transfer. We anticipate that businesses will make use of blockchain tokens to raise capital using these tools. This shift in behaviour and leveraging of new technologies could disrupt capital markets and create a new opportunity for growth in the cryptocurrency and blockchain industry.
Investing in Bit Trade via our equity crowdfunding is not about investing in a single crypto asset. Instead, you are investing in the industry, the unique points of difference in our platform and approach. You are investing in our team, the tech we’ve built, and our toolkit that helps us to adapt to changing market conditions. You’re investing in an exciting new industry, and in a business that can help take advantage of the vast potential of cryptocurrency and blockchain technology.