Top 5 Crypto Exchange Products Breaking Into Global Market

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The numbers don’t lie; more and more people are getting into cryptocurrency than ever before - Naturally, this means more people are trading on exchanges and exploring the ever-expanding list of investment methods, on varying protocols, and with traditional or innovative approaches. This has given rise to a new crop of crypto exchange products that push the boundaries of how cryptocurrency can be leveraged whilst offering more convenient ways to trade crypto and make a profit.

While the crypto exchange sector is currently going through a metamorphosis, some exchange products that have dominated local markets are now aiming at taking center stage and breaking out into the global market, with their eyes set on world domination! Here are the top 5 crypto exchange products to keep an eye out for this summer, which might soon be household names…

  1. Bit2Me

These days, consumers have to manage multiple apps, platforms, and wallets and keep ahead of regulatory and legislative changes. To this end, Spain’s largest Crypto Exchange & Service Platform Bit2Me help any entity in the blockchain universe to access and use crypto more efficiently. Moreover, Bit2Me’s principal objective is to render the traditional finance sector obsolete through the use of technology. Offering products such as the Bit2me Wallet, Academy, Card, OTC, and Trade, Bit2Me is a one-stop solution that is more than just an exchange - it is an ecosystem.

Bit2Me tops this list as they are currently running their ICO of their internal utility token B2M, which will give users unparalleled benefits across Bit2Me’s suite of services. Bit2Me’s goal is to break out onto the global stage with their fundraising, which will begin the Public Sale phase 1 on 6th September. B2M will also list on Bittrex in the coming months, improving global access to Bit2Me’s platform.

  1. ADAX.Pro

Perhaps the only thing that has grown in popularity as fast as cryptocurrency itself is decentralized finance (DeFi), which has given crypto users access to more instant liquidity and control than ever before. This is the principle on which ADAX.Pro was founded.

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ADAX.Pro is both a non-custodial and decentralized protocol, meaning that users can trade tokens without having to give up their private keys or access to their tokens. Additionally, no order books are used on ADAX.Pro with one of its biggest priorities being the elimination of middlemen from all transactions. The platform works exclusively on the Cardano ecosystem and uses a Cardano ERC20 converter to make sure that tokens can be converted with ease. ADAX launched their own token recently, which is now trading on ExMarkets.

  1. Bancor

When it comes to trading strategies through using decentralized exchanges, a lot of the focus is on trading tokens and making a profit when the market rallies. Bancor, while it allows users to trade tokens with no sign-up or registration, also enables users to stay long in their tokens by staking them in liquidity mining pools. This involves the user voluntarily depositing their tokens for a certain amount of time and earning not only trading fees, but also rewards, while being protected against impermanent loss.

Bancor is open-source which means that there are no barriers to entry, it’s easier to use, has audited contracts and helps users remain anonymous (given the lack of need to sign up or register on the platform). This is indicative of the market’s current trajectory — where we see users frequent decentralized exchanges over centralized ones for control and utility of their tokens.

  1. Viridian Exchange

People have been trading physical collectible cards for decades now but Viridian exchange is taking things a step further by tapping into the power of blockchain technology, specifically non-fungible tokens, which are very popular at the moment.

All users need to do is snap and ship their cards to the exchange’s warehouse facility. Then a digital representation of the card (and NFT) is created and can be bought and sold online. This not only ensures the authenticity of the asset being traded but also warrants proper storage and delivery of the asset when the time comes. Viridian Exchange is ultimately working to blend the old with the new.

  1. Delta Exchange

Crypto derivatives trading is getting an upgrade with Delta Exchange and its host of trading options including perpetual swaps, futures, options, Calendar Spreads, and Interest Rate Swaps. With over 70 tokens in its roster including bitcoin and ether and up to 100 times leverage, all your derivatives trading needs can be met in one place. You don’t need to be a master trader to get started on Delta Exchange thanks to their robot trading strategies which include Momentum Strategies, Arbitrage Strategies, and AMM (Automated Market Makers) strategies. You only need to deploy your crypto and watch your yield grow over time.

For those who are more interested in options-based yield strategies, the exchange offers Enhanced Yield BTC, Enhanced Yield ETH, and Enhanced Yield USDT. And with 24/7 customer support, you’ll never be left without guidance or help.

Image by Sergei Tokmakov Terms.Law from Pixabay

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One decentralized exchange is positioning itself as the UniSwap of Cardano with a suite of Cardano-tailored DeFi solutions

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As concerns around the use of the Ethereum blockchain rise, many have turned to the Cardano Ecosystem as a solution to the increasing fees and slower transactions that have resulted from the influx of users. ADAX founders have recognized Cardano for its scientific approach to smart contracts, which are believed to redefine the future of DeFi, with a new approach to doing business.

As a result, ADAX is stepping up to provide a suite of Cardano-tailored DeFi solutions and a trading venue that facilitates token swaps, NFT trading and more.

The team behind ADAX shares that the end goal of this project “is simply to create a benchmark of a liquidity/swapping solution that the Cardano community could easily adopt and re-used for future projects.

Providing a full suite of features

The platform aims to achieve this vision by using a trustless protocol to conduct censorship-resistant token swaps while leveraging social-sentiment-based trading tools.

Since the platform is fully decentralized, users also maintain full control of their tokens. This feature can be compared to a centralized exchange, where users must give up their private keys to be managed by the platform.

Other features the ADAX founders highlight are:

User experience

The ADAX platform strives to follow industry best practices to ensure the user experience is frictionless and easy to use.

Token swaps

ADAX enables users to execute smart contract-based trades both instantly and cheaper than the Ethereum network. Without using an order book, the platform removes all intermediaries and complex procedures from the process.

Social Sentiment Trading Tools

A partnership with Stockgeist.AI, a market sentiment monitoring platform, allows ADAX traders to adjust investments based on early signs of social sentiment. Data is collected from social media sites like Twitter and Discord to determine which tokens are gaining traction and which are losing.

Wallet integrations

Widespread wallet integrations include the full support of Yoroi, GeroWallet and CardsWallet, and several additional API-based integrations on the horizon.

Liquidity pools

Compared to most liquidity pools, the ones on ADAX do not rely on constantly shifting ratios, with impermanent loss common in low-volume assets. These factors result in undercutting early liquidity providers' risk and reward-based justification.

More information on ADAX here

The Future of ADAX

The ADAX initial exchange offering (IEO) occurred in June 2021 on ExMarkets.com, one of the first platforms to implement Cardano native token support. The team shares that this IEO was “tremendously successful,” as was their oversubscribed private sale.

More is in store for the platform, as ADAX continues to leverage strategic partnerships, working with Mate Tokey, one of the co-founders of Bitcoin.com, and Roger Ver, who many know as ‘Bitcoin Jesus.’ Other efforts to increase the platform’s reach have included partnerships with Black Dragon and Charli3, the decentralized open-source oracle for Cardano. These partners have acted as marketing, innovation and technological partners.

Other notable relationships include GeroWallet, a Cardano WAllet, and MELD, a non-custodial banking protocol.

Learn more about ADAX

Three Key Metrics Suggest Bitcoin Could Dip to $40,000

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Key Takeaways Bitcoin recently bounced off support to hit a high of $48,500.

Regardless of the upswing, on-chain metrics hint at a bull trap.

A sustained close outside of the $46,000 to $51,000 range will determine where BTC is heading next.

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Bitcoin’s network activity suggests that a spike in profit-taking is imminent. Still, only a decisive break of the $46,000 support level is likely to lead to a steep decline.

Bitcoin On-Chain Metrics Turn Bearish

Bitcoin could soon experience a retrace.

The leading crypto asset has rebounded by nearly 4.6% over the last few hours after hitting a low of $46,300 on Aug. 26. The sudden upswing has caught investors by surprise, generating over $64 million worth of long position liquidations across the board.

Despite the recent spike in volatility, several on-chain metrics suggest that a sell-off could be be underway.

Behavior analytics platform Santiment recently recorded one of the most significant Bitcoin inflows to exchanges in over two years. Roughly 1.68 million BTC were transferred to trading platforms, which “tied for the largest inflow day of all-time.” Such market behavior coincides with a steady increase of more than 60,000 BTC held on trading platforms since Aug. 3.

The rising Bitcoin supply on exchanges suggests that investors could be preparing to realize profits soon, igniting a sell-off that pushes prices lower.

When considering the decreasing number of daily active addresses on the Bitcoin network, the inflow activity on exchanges becomes even more concerning.

Twitter user Nebraskan Gooner maintains that an influx of buyers is usually determined by a spike in the number of new addresses being created. But when this on-chain metric is declining, it suggests less interest from retail investors. He wrote:

“[In 2018,] we never saw a large influx of active wallets until we finally reached the bottom. Address activity dropped, fewer new market participants were getting involved (along with old), and volatility dropped as BTC went sideways/corrected,”

Now, the analyst believes that those who wanted to unload their Bitcoin on the market could have already done so and are now “waiting for lower prices like in 2018.”

Another sign that shows that investors could be cashing out is the rising supply of stablecoins on exchanges, which recently hit a new all-time high at around $19.22 billion. Some market participants may argue that such an important spike is positive as it signals more dry powder in the system that could flow into Bitcoin.

Still, given the increase in BTC supply on exchanges, the data suggests that investors are converting their holdings into cash.

While it’s still unclear where Bitcoin is heading next, it is crucial to pay attention to the $46,000 support level and the $51,000 resistance barrier. A decisive daily candlestick close below the underlying demand wall could lead to a downswing toward $40,000, while a sustained move above the overhead supply could lead to a rise to $57,000.

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