In this article we will discsuss about the Dubai based cryptocurrency exchange and their token offering for BTSE token on Liquid Network, a parallel system to bitcoin created by Blockstream.
ABOUT
BTSE is a multi-currency digital assets exchange and derivatives platform, launched in September 2018.
The vision of BTSE has been one of a multi-faceted financial ecosystem. The company is registered and licensed as BTSE Commercial Brokers LLC (814684) and BTSE Payment Service Providers LLC (814678) by the Dubai government’s department of economic development. It is regulated by the Central Bank of United Arab Emirates, so it’s solid and trustworthy. At the moment there are fiat gateways for currencies from over 50 countries.
TEAM
CEO Jonathan Leong
Co-Founder Brian Wong
COO Joshua Soh
CTO Yew Chong Quak
BTSE’s team is filled with elite institutional experience in finance, technology, ventures building, and the development of high-volume trading systems. Founding members come from backgrounds including Goldman Sachs, Cisco and IBM
Supported assets that can be traded on BTSE.com
CRYPTO CURRENCIES:
Bitcoin
Ethereum
USD Coin
Litecoin
Tether USD
TrueUSD
Monero
FIAT CURRENCIES
USD
GBP
HKD
EUR
JPY
SGD
CAD
AED
MARGIN AND LEVERAGING
Multiple options for trading your favorite assets are available on this exchange:
BTC futures exchange trading is popular with a daily volume of 87 million $ traded
BTSE support privacy-preserving solutions and was one of the first exchanges that offered MONERO FUTURES trading on their platform.
At the moment BTSE supports multiple collateral as margin and traders can use FIAT currencies, such as USD, EUR, JPY, GBP or CRYPTO currencies BTC, ETH, LTC, USDT to post their margin trades.
Multiple Settlement Channels and Spot Trading
Currently, other platforms provide customers with few options when it comes to settlement. BTSE traders have multiple options of SWIFT transfers, crypto assets, and a P2P marketplace with trusted and verified merchants. Customers are also having option to onvert crypto into fiat and reverse on spot market.
Even if BTC spot trading volume is small compared to others exchanges ( 9 million $ vs 40 million $ ) BTSE maintains a low spread of 0.01% for BTC price.
FEES AND LIMITS
1.Spot Trading Fees and Limits
2.Futures Trading Fees and Limits
3.CRYPTO CURRENCIES
Deposit and Withdrawal Fees and Limits
4.FIAT CURRENCIES
Deposit and Withdrawal Fees and Limits
API SERVICES
API services are available on BTSE.com for both SPOT and FUTURES trading:
https://www.btse.com/apiexplorer/futures/
https://www.btse.com/apiexplorer/spot/#btse-spot-api
BTSE ACADEMY
If you look for trading education, a nice feature from them is the Academy:
Here you can find 3 category of materials :
Analyse - https://www.academy.btse.com/analysis
Education - https://www.academy.btse.com/wiki
Tutorials - https://www.academy.btse.com/tutorials-1
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BTSE.com TOKEN
“The key connector within our suite of financial services.”
Recently BTSE announced the launch of BTSE Token on Liquid Network, being first-ever native exchange token sale on this bitcoin sidechain.
USE-CASE for BTSE UTILITY TOKEN
BTSE.com token provides a unique opportunity for existing users and for those who wish to use BTSE’s platforms and services.Below you can see 4 reasons why to have your BTSE UTILITY TOKEN:
Save
Earn
Spend
Trade
With the BTSE token, you’ll be able to save up to 60% on your trading fees, increase your referral rate up to 40%, claim bonuses for campaigns and contests, purchase advanced trading functions on the BTSE Exchange, trade on BTSE’s spot market, place margin and collateral on all your trades.
TOKEN DETAILS
ISSUER : BTSE HOLDING LIMITED
TICKER : BTSE
PURCHASER ELIGIBILITY : RELEVANT KYC/AML
PURCHASE PRICE : 2$ / TOKEN
HARDCAP : 2 million $ ( 1 million tokens for sale )
LISTING : BTSE/USD on BTSE EXCHANGE within 2 hour of sale completation
TOKEN DISTRIBUTION : The Issuer will issue up to 100M BTSE tokens. The remaining tokens after the initial private placement will be vested over 5.5 years (gradual unlocking begins after 18 months).
The initial price of the coin will be $2, with 1 million tokens being offered for sale and it will start on 5 MARCH 2020 at 12pm UTC. Customers will be able to buy from 1 BTSE token to 25.000 BTSE tokens for each verified account.
WHITEPAPER
https://www.btse.com/token/BTSE_Token_White_Paper_en.pdf
FINAL WORDS
Even if BTSE.com is new in cryptosphere they are developing a beautifull ecosystem for experienced traders and for new comers with a bunch of usefull tools, articles or developments.
If you wish to try you can create right now an account for free and start using their platform.
