CryptoSouk Provides a New Digital Generation Asset Exchange

Introduction to The Cryptocurrency

Tymon Verman
Sep 8, 2018 · 3 min read

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of digital currency, virtual currency or alternative currency. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Cryptocurrency exchanges Overview

Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency (or for fiat currency). In other words, depending on the exchange, it is either like a stock exchange or a currency exchange.

What is CryptoSouk

The Next generation digital asset exchange for traders of every skill level, making digital currency trading accessible to everyone. It’ll focuse on the needs of novice traders, professional traders and digital currency experts.

What CryptoSouk will Introduces to the Market

CryptoSouk has launched a cryptocurrency trading platform from ST Vincent & the Grenadines and Kuwait.

- The exchange shall be launched with trading pairs supporting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero.

- The companyplans to continue to add trading support for additional crypto assets that the company feels exceed certain diligence minimums.

- CryptoSouk exchange also allows for account loading by cryptocurrency or fiat payments.

- Based on the founding teams expertise, CryptoSouk has chosen partners to help them deliver both the exchange platform, liquidity on their exchange and a breadth of funding options.

CryptoSouk Advantages

CryptoSouk believes that they will be able to continue to grow in the region based on the following competitive factors.

1. They think that being able to transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critical. To that end we plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy.

2. They believes that, though not all crypto assets are worthy of listing on our exchange, that the diversity of trading pairs and crypto assets will be an important factor that customers will look to when they choose a preferred exchange.

3. They believes that higher touch customer service is critical in this region so we plan to invest in customer service to be able to provide a more human touch at scale while doing so efficiently and profitably.

4. The teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and frictionless user experience.

The top 10 crypto exchanges in the world are on track to generate more than $1 billion dollars in fees on an annual basis according to Bloomberg’s analysis of the market. Simply put, the size of the entire cryptocurrency marketing is growing exponentially with strong signs of underlying fundamental expected ratios. The opportunity for exchanges around the world to acquire market share in a fast growing market is hard to understate.

For More Information

Facebook: http://fb.me/CryptoSouk.io

Twitter: https://twitter.com/CryptoSouk

Telegram Group: https://t.me/cryptosouk_community_en

Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf

Website: https://cryptosouk.io/en/ico

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4515317

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The bitcointalk username: Infra Trigger

The bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2377670

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