News

Bitcoin-Based Stock Trading: A New Usage Example for Bitcoin?

WCX, a trading platform that enables people to access global financial markets using only Bitcoin, allows its users to trade in more than 100 markets in any short or long time with all the profits and losses paid in Bitcoin.

The team also includes Amatsu Soyonobu, a former Apple software manager and financier. In 2017, Soyoobu's current job; he left to make a service he believed would provide one of the first concrete use cases. Soyonobu, along with Tagawa Hayashida, founded WCX, a trading platform that allows people to access the global financial markets only with Bitcoin.

Soyonobu, SoThink of us as a normal place where you can buy and sell stocks, you only deposit Bitcoin instead of depositing money" says. WCX users may take longer or shorter than 100 markets, with all profits and losses paid in Bitcoin, benefiting from rising and falling prices.

The WCX was opened to the public in October. Since its opening, more than 125,000 traders from 189 countries have attracted more than $ 1 billion in trading volume. According to the statement of Soyonobu, people see how easy and fast it is to trade using Bitcoin instead of the non-programmable currency like the Dollar.

Çekme Deposits, withdrawals and % of transactionsWe can charge 0 because we did not say no to the authority. We regard Bitcoin as our competitive advantage. "

He added that the use of Bitcoin allows the company to access markets from a wide range of countries, as well as close deposits and withdrawals. However, this does not happen in a sector that, in particular, is disturbed by crypto-money hackers, without their challenges.

Dir Security is our priority. We use the most secure wallet architecture with cold / hot wallet separation. 98% of customer funds are cold offline we keep it in the wallet, out of reach of the attackers. They are protected by the latest technology and insured against theft. "

WCX is obliged to comply with the laws of the KYC in order to collect the information of its customers. The platform uses industry-leading commercial activity monitoring systems to detect and report suspicious transactions.

"Users of our The feedbacks we received were incredibly positive. They feel how easy it is to get started and how fast and fluent the experience is. We think that stock trading with BTC is a new use case for Bitcoin. Ile

Source: coinspeak is

Related Topics:Bitcoin Btcoin news Coin News Stocks

Up Next

Bitcoin Friendly 'Cash App in Passes PayPal at Google Play Store

Don't Miss

Payments in UK Parliament to Pay with Bitcoin

Yunus Emre Ünal

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph