Dozens of cryptocurrency exchanges vie for traction in this growing industry. BTSE – pronounced “Bitsie” – is making its mark on the industry in many different ways. Their complete offering of services and products has attracted a lot of goodwill.
The BTSE Business Vision
A lot of cryptocurrency exchanges and trading platforms look less than professional. Things are very different where BTSE is concerned. This multi-currency digital assets exchange and derivatives platform caters to both regular and institutional traders alike. Their one-stop solution attempts to bridge the market between traditional finance and digital assets.
The team opted to launch and register the platform in the United Arab Emirates. That region is not necessarily associated with cryptocurrencies all that often. Even so, the BTSE team obtained its license from the Department of Economic Development and the Government of Dubai. They also adhere to regulatory requirements imposed by the Central Bank of the UAE.
Futures and Spot Markets
It is not uncommon in the cryptocurrency industry to see trading platforms offer spot trading. That is, after all, the bread and butter of any exchange. This particular model allows for users to deposit, withdraw, buy, and sell cryptocurrencies. It is the core functionality of any trading platform engaging with digital assets.
Futures trading, on the other hand, is not as common. While there are some platforms providing this type of exposure, it is almost never combined with spot trading. BTSE Provides the best of both worlds. Its futures market lets clients open margin positions through either fiat currencies or digital assets, or a combination thereof.
The Marketplace Product Explained
Perhaps the most intriguing addition to the core BTSE platform is the built-in marketplace. This service provides verified merchants an option to provide their services and engage with users directly. Utilizing the marketplace results in faster deposits and withdrawals, while offering extra flexibility to platform users.
As one would somewhat expect, the marketplace is not designed to accommodate small transactions. With minimum amounts starting at $5,000 and the maximum capped at $100,000, this feature is primarily designed for institutional users. It makes for an intriguing option, however, and one that can help set BTSE apart from its competitors.
Supported Currencies and Assets
Catering to as many users as possible requires exchanges to support popular currencies. BTSE Provides different services to its clients, and they all have their individual list of supported digital assets.
As far as multi-asset collateral is concerned, BTSE is well ahead of its competitors in this department. Giving traders the option to post margin with a combination of assets unlocks a lot of potential. The supported assets include USDT, TUSD, USDC, LTC, ETH, and BTC. Fiat currency-wise, clients can deposit USD, EUR, GBP, HPY, CNY, HKD, SGD, and CAD. A very competitive collection of assets across the board.
As far as futures trading is concerned, there are a few intriguing options. Clients can open margin positions for contracts linked to Bitcoin, Ethereum, Litecoin, Tether’s USDT, Monero, and BBCX. BTSE Provides exposure to a few markets that can be found anywhere else, at least where futures trading is concerned.
For the spot trading, there is support for BTC, USDT, ETH, LTC, XMR against the US Dollar. Other markets include the BTSE 5 index, BTC Index, ETH Index, LTC Index, BBCX Index, and XMR Index. All of these offerings generate decent daily trading volumes.
BTSE Trading Fees and Limits
Any trading platform has a fee structure for market makers and takers to adhere to. When using BTSE, the fees will primarily depend on how much trading volume an individual account can generate every single month. This 30-day rolling window will have the correct trading fees recalculated every 24 hours.
There are also certain trading limits in place for all of the service provided by this trading platform. All of the information can be found on BTSE’s Fees page. There are no deposit fees for digital assets, but every currency or token has its own withdrawal fees.
The Bonus Checklist
Users of the BTSE trading platform are eligible for periodic bonuses. The company tends to provide a trading competition, first deposit bonus, and social media-related bonus on a regular basis. All of the funds earned as a bonus will be credited to one’s user account automatically. All traders may want to keep a close eye on the bonus checklist at all times.
Fulfilling an Academic Role
Rather than being just an exchange or trading platform, BTSE’s vision extends well beyond those aspects. The company is designed to serve as an academic resource for both novice and experienced cryptocurrency enthusiasts alike.
Their academy offers a lot of useful information, including technical articles, basic trading tutorials, and so forth. All of this information is incredibly viable to all users, particularly those willing to engage with cryptocurrencies as an active trader or developer.