The influx of investors into the cryptocurrency market is pushing more mainstream interest in the industry. With a 400% rise in volume in January alone, market prices of all tokens are in a state of flux, but generally on the increase.
\r\nThis, in turn, attracts more investors, and Bit-Z, a China-based digital currency exchange, has been fortunate recently to acquire $10m worth of venture capital investment from three major international institutions. Bit-Z, which has been in operation since 2016, is a trading platform offering a number of global exchange services, including crypto-to-crypto and \"Over the Counter\" trading.
\r\nThis service allows platform users to trade directly with each other, either on the phone or in person, without the need for an intermediary. Such transactions carry more risks of hacking or fraud, so a trading platform which is backed up by the substantial credit of capital investment is a more attractive prospect. Bit-Z, like some of the other major exchanges, now have this backing, giving their asset portfolios additional strength and security.
\r\nAlong with many other trading platforms, Bit-Z\'s customer base has grown substantially, and includes a high ratio of international users, from the UK and US as well as Brazil, Spain, France and many South East Asian countries.
The blockchain industry has grown exponentially, disrupting traditional markets and creating new opportunities for innovation.
MoreThe UAE has amassed $40 billion in Bitcoin, solidifying its ambition to become a global cryptocurrency hub.
MoreAustralian Computer Scientist Craig Wright Found in Contempt by UK High Court
MoreIn a bold move reinforcing its commitment to cryptocurrency, MicroStrategy announced the acquisition of 5,262 bitcoins for $561 million, elevating its total Bitcoin holdings to an impressive 444,262 BTC, valued at approximately $42.1 billion.
More