Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.
In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.
For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750.
Beyond leverage, Wisebitcoin additionally offers a simple and intuitive user interface as well as a mobile app that enables users to easily and quickly trade while on the move. These features make Wisebitcoin an appealing option for traders of all experience levels.
The technology enabling Wisebitcoin to offer such a high quality user experience is integration with the cloud, which anchors the most popular coins from other major cryptocurrency exchanges around the world rather than limiting the exchange to only its own coin offerings.
At the time of writing, Wisebitcoin already offers over 50 cryptocurrencies for spot trading, including the most liquid coins such as BTC, USDT, and ETH. The platform also features perpetual trading for USDT swaps and coin swaps in the futures exchange, and offers over 100 trading pairs and over 30 cryptocurrency deposits and withdrawals including BTC, ETH, and USDT.
The exchange headquarters are located in Singapore, one of the biggest hubs for finance and tech in Asia. That being said, Wisebitcoin has a culturally diverse and decentralized team of 50+ specialists that provide 24/7 live phone support. Wisebitcoin offers an extremely lucrative affiliate program that pays larger commissions than other margin trading platforms around the industry.
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