One of the top cryptocurrency financial derivatives trading platform with its headquarter in Singapore. As a global trading service provider, it aims to provide users the avenue to buy or sell several digital assets on an efficient platform that guarantees top security. Now a part of Hong Kong cryptocurrency exchanges, it was launched in 2019.
Trading view
Different exchanges offer their users different trading views. You can determine on your own which view best suits you. Although, they all have a commonality which is that they display the order book or a part of it, price charts of the desired cryptocurrency, and order history, and have to buy and sell on drop menus. When selecting an exchange to use, look at its trading view to be sure that it fits with you.
Trading fees
Offers the same trading fee of 0.0005 BTC to takers and makers. Note that this only applies to the exchange, as trading fees are usually always expressed as a percentage of the trade’s value. Although it seems cheap, it does have its pro and cons depending on the size of the trade.
Withdrawal fees
Every withdrawal made is subject to a fee of 0.0005 BTC. The fee is approximately 40 percent less than the global industry average at 0.000812 BTC, making it a consumer-friendly platform feature.
Deposit methods available
As an account holder, you can deposit fiat currency via wire transfer, but not with credit cards, which is different from other exchanges. However, since it accepts fiat currency deposits, it could be called a beginner exchange for new cryptocurrency traders taking the first step into the cryptocurrency market.
Business Features and Support Services
It offers several features to make trading convenient for all users. The following are some of the features and support services.
Spot trading
Spot trading is the exchange between cryptocurrencies. On the platform, users can directly exchange Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other major tokens. Listing on the site is also acceptable for qualified projects.
Options
The recently launched American Bitcoin Options charges 0 margin and 0 fees, while also supporting 1,000X leverage. It allows traders to place bets for leveraged profits with little investment, and in 5 minutes, they make up to 200X profits.
Cryptocurrency ETF
This is created and managed by the expert financial team on the exchange. It supports day trading or long-term. With the Automatic Positions Adjusting Mechanism, profits made can be at least 3 times or up to 17 times higher than trading on the spot trading market. As its measurable returns have little or low risks, its annualized returns have won all the significant tokens.
Dual currency
Launched by the exchange, it is a non-principal protected investment product with floating returns. With it, investors do not need to predict the market’s direction as they earn stable returns whether the market pumps or dumps. Aside from that, an average daily return of 0.2 percent to 1 percent is earned. It supports different tenors for account holders to set up a flexible investment plan.
Quantitative investment
Quantitative Fund was launched by the exchange in partnership with Goldman Sachs. It assures the capital and interest to help investors earn a 20 percent fixed annualized yield. With the help of professionals, your asset would grow in a way unlike the traditional way of finance.
Mobile support
It supports the use of mobile if users prefer to use their phones. It has no mobile app, as most cryptocurrency trading is carried out via desktops.
US investors
Supports the trading of investors based in the US. Although, they have to carry out self-assessments of any problems that may arise from their residency or citizenship.
