Why South Africa?
As the industries surrounding blockchain and cryptocurrencies become increasingly visible, many countries have taken steps towards regulating financial claims and usage of these digital assets through the implementation of laws and regulations. In light of this, Bithemoth will be completely compliant with all laws and regulations in its respective operational jurisdictions. This aspect of governance has progressively formed a complex legal bubble around the formation and operation of cryptocurrency exchanges resulting in many exchanges that continue to remain non-compliant.
With respect to the legalities mentioned, this is why Bithemoth has chosen South Africa as its country of incorporation. Operating in South Africa allows Bithemoth to function with no issues on the legal side. We do however plan to expand on a global scale as we begin to dominate the entire continent of Africa. With that in mind, the platform will be available worldwide upon release.
The lack of adequacy from current South African exchanges is another element that brought us to our decision of incorporating Bithemoth in this market. Luno and AltCoin Trader being the most notable competitors, lack the necessary features to allow seamless trading. Located below is a competitive analysis in table form outlining the key differentiating factors between Bithemoth, Luno, and AltCoin Trader.
As you can see, there are many factors separating our exchanges. From lower fees, improvement of already available attributes, to the implementation of never before seen features, we position our-self to be the dominant player in the crypto-sphere.
Interested in learning more about Bithemoth? Check out our website and whitepaper located at: https://bithemoth.com/
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