Bityard, a digital contract trading platform, has officially launched having received a strategic investment from a US hedge fund worth USD10 million.
Bityard, a digital contract trading platform, has officially launched having received a strategic investment from a US hedge fund worth USD10 million.
Bityard, which was founded in November 2019 and is headquartered in Singapore, is regulated by the American Money Services Businesses, Singaporean Accounting and Corporate Regulatory Authority (ACRA), and the MTR of Estonia for the European Union. In Southeast Asia, Bityard will strive to keep up with local digital asset market demand, especially with regards to government-driven blockchain trends. Not only has Bityard attracted attention with secure, simple, and fast digital contract transaction services, but we have also acquired a Thai boxing champion as a brand ambassador of Bityard. He will continue to set off waves of attention in his home country and beyond.
The more turbulent the years, the more volatile the cryptocurrency market. While everyone was still discussing the third halving of the market, the “black swan” event, coughed forth by the fears of the Coronavirus, ruthlessly cut the price of all cryptocurrencies in half, followed by a quick rebound from the lowest point by more than 60 per cent. Contract purchases inevitably will become this year’s most competitive main battlefield on exchanges. As a new entrant, the founder of Bityard knows clearly that in order to gain a solid placement in the highly competitive contract market, innovation must be achieved.
After much research, it has been found that in the increasingly mature digital currency market, a consumer group with high potential has solidified. They all agree on the concept of contract trading and expect to use leverage to magnify the benefits, but for this group of consumers, contract transactions are complicated. To avoid liquidation, they hesitate to participate in any such transactions. In view of the large number of potential users in the cryptocurrency community craving simple contract transactions and other derivatives, Bityard came in to existence.
Bityard always adheres to the product concept of “complex contracts, simple transactions”, and aims to bring customers the ultimate simple operation experience. Reporters have learned through interviews with product management that the team has done a lot of work to get users up and running quickly.
Opening an account is simple: users only need to register with an email or mobile phone number, and you can become a Bityard user within 30 seconds.
Simplified topping-up: currently bityard supports the use of six mainstream digital currencies as a method of refilling a user’s account.
Additionally, the Renminbi as well as the Vietnamese Dong are both supported, and there are plans to add more FIAT on-ramps in the future. There is also a system in place to allow transferring of funds between superiors and subordinates which is facilitated by agents.
