Crypto exchanges have become an important facet in the industry. Delivering ease of use and convenience, they provide traders will a platform to buy and sell digital assets.
At the same time, though, traders are concerned about their security. You only have to look to the now-defunct Bitcoin exchange Mt. Gox, the hack at crypto exchange Coincheck, or the Zaif exchange, to name a few, to see why this is.
Not only that, but if a trader is new to the space, they want an exchange platform that has a simple to use user interface, provides enough technical analysis tools and charts to make a proper determination, with transparent policies, multi-tier security, and smart social trading.
In a bid to deliver on these, Hong Kong-based Encrybit[1] believes it has the answer.
According to research[2] conducted by the platform, which saw 1,108 participants responding, 40 percent indicated that security was a major concern on crypto exchanges. This was followed by 37 percent who said high trading fees are a hurdle; 36 percent noted that a lack of liquidity was a concern, with 22 percent indicating that a lack of crypto pairs hindered good trading.
In separate research conducted by Encrybit, with responses from over 10,000 traders from more than 160 countries, 57 percent said they use more than three crypto exchanges to trade. This is due to a lack of trading pairs and low liquidity.
Encrybit, which pitches itself as “the best all-in-one feature enriched cryptocurrency trading platform,” according to its whitepaper[3], is aiming to solve issues for traders by giving them “…all the tools they need, all in one single page…” Some of its features include social trading, broad order book, smart alerts, coin comparison, advanced order summary, crypto radar,
