INTRODUCTION
The buzz around cryptocurrencies is booming and accelerating more quickly than ever, with more major media outlets covering new developments every day. With daily exposure in nearly every leading newspaper and television station, it is clear that cryptocurrency is fast becoming mainstream. Not only is the discussion growing larger, but the market capitalization and trading volumes are skyrocketing at an exponential rate.
On January 1, 2017, roughly two years ago, the market capitalization of all cryptocurrencies was recorded at US$17 billion, with 24-hour global trading volumes peaking at US$292 million. On December 31, 2017, the market cap reached US$610 billion and a 24-hour trading volume of US$33 billion, an increase of 3588% in market cap and over 10000% increase in trading volume in only one year. To put these numbers into perspective, this is the equivalent of Whatsapp (worth US$19 billion) growing its market capitalization to the size of tech powerhouse Apple (worth over US$700 billion). At the current rate of growth, the cryptocurrency market could overtake the market capitalization of every company listed on the Dow Jones by April 2018.
Although this boom creates an amazing opportunity for traders and startup projects, it also uncovers challenges to the cryptocurrency exchange infrastructure that supports them. Frequent outages and trading delays are being seen on exchanges unprepared to deal with swarms of new users, sometimes reaching over 100,000 per day. Trading platforms are also under constant attack from hackers, experience stolen funds, and lack policy transparency, eroding the trust of their users. Just in July of 2017, over US$50 million worth of stolen cryptocurrency was reported, and it can be assumed that that number does not include unreported heists that may be occurring daily.
Additionally, many large cryptocurrency exchanges fail to service both the expert trader as well as the crypto novice, those who are just getting into the market. Simplified retail exchanges exist, but offer poor rates to their customers, and do little to educate their users. Meanwhile, full-featured exchanges are too confusing for a beginner to use.
The problems facing current cryptocurrency exchanges is at an all-time high. BIZTRANEX is recognizing these issues and is positioned to address them head-on. Offering users a choice between advanced and basic trading modes, users of all skill levels are served with an optimal experience. Superb customer service, clear policies, and fully audited security standards create the necessary user trust, and an innovative copy-trading feature allows traders to seamlessly follow the portfolios of others automatically.
The cryptocurrency market today comprises a multi-billion-dollar industry. We established BIZTRANEX because we believe in the potential of cryptocurrency, and that through its application, corporations may find an easy and efficient way of receiving finance for their projects. Right now, we are designing and constantly upgrading a fresh new unique platform with the latest tools for cryptocurrency exchanges, trades and conversions into foreign fiats and vice versa.
Incorporated in Republic of Seychelles, BIZTRANEX is a next-generation cryptocurrency exchange committed to offering a fiat gateway and non-banking asset management solutions outside of traditional financial systems and banking establishments. Unlike these institutions, we place all assets straight into the Blockchain ledger.
Our vision is to become a world’s Top 10 cryptocurrency trading platform within 1 year, fully utilizing the Blockchain technology, delivering propositions for new users of unparalleled value, and offering strong returns for investors.
Think about the current growth of cryptocurrency markets and who it is attracting; primarily users with very little or no background experience in trading or investing. These new users become overwhelmed with information on trading, analysis, and even how to use proper risk and profit management tools on current cryptocurrency exchanges. This is a direct result of a lack of information and outdated tutorials as well as the lack of assistance from the exchanges themselves. The BIZTRANEX platform will offer better strategies, better risk management tools, and highly competitive trade and withdrawal fees. Ultimately, we wish to drive the creation of a new financial ecosystem grounded in the interactions between assets and Blockchain technology.
Our mission is to foster and enhance the adoption of cryptocurrency as a medium of exchange for global stock trading. We will achieve this by increasing awareness and educating the general public on the safety and advantages of utilizing digital currencies and Blockchain technology.
Our goals:
· To provide an exchange platform between fiat, cryptocurrencies and (digital) assets with a large, active and friendly community.
· To provide our users with an efficient platform that can handle significant loads and operate at optimal performance even during peak load times.
· To provide new and prospective projects and their communities with a reliable platform and multiple pairings.
Currently, our platform enables users to sell and purchase digital assets, utilizing bank transfers and cryptocurrencies. BIZTRANEX ensures the safety and security of client funds by utilizing cold storage methodologies, backed by a trustworthy and smart contracts, in which we have very strict rules and guidelines pertaining to seller selection. Thereby, providing buyers with confidence and trust in our services. We believe that our organization can draw significant benefits from the many features that Blockchain technology can offer. Our final objective is to create an exchange platform for businesses, through which shareholders can receive dividends and trade their assets, with a fluid and easy-to-use interface.
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