BitMax.io is global operator of innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients.
With its relentless focus on transparency, reliability and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. Leveraging their quant trading background and deep knowledge of the capital market, the team is working on introducing the transaction-fee based “Trans-Fee Mining” model that would distribute back the transaction fees to traders in the form of the exchange’s own tokens. The more traders trade, the more tokens they receive, hence the term “mining”.
BitMax successfully held a conference entitled “The Future of Blockchain & Cryptocurrencies” in New Delhi on October 20. The conference brought together a wide range of experts and industry leaders, including George Cao, the Founder & CEO of BitMax and a Ph.D in Computer Science from the University of Chicago, Alok Kothari, Co-founder at Harmony Protocol and a graduate of Carnegie Mellon University, Rajdeep Singh, the CEO of Coindelta and a serial entrepreneur, and Bibin Babu, the CEO of BlockSpace.
During the conference, the guest speakers delivered talks on numerous topics of interest in the blockchain and cryptocurrency spaces, including the challenges of high performance blockchains in the world ahead, the debate between blockchain vs. crypto, the rise of blockchain in the new era, and the global trend of regulatory and legal oversight in cryptocurrency.
In addition to these talks, Mr. George Cao made a major announcement regarding BitMax and the larger Indian cryptocurrency space: BitMax has formally entered into a partnership with two popular Indian cryptocurrency exchanges, Giottus and Coindelta.
Giottus is a popular Indian cryptocurrency exchange that aims to make crypto trade and investment easy and comfortable to do, for both beginners as well as veteran traders. They focus on providing reliable, trustworthy, zero-downtime services whileadhering to the highest compliance and cyber-security standards to protect customers and their crypto-assets.
Coindelta features hassle-free onboarding of new customers, support for numerous coins and tokens, incredibly simple and functional features, and offline cold storage coupled with multifactor authentication for impenetrable wallet security.
Mr. Cao announced that the trading order books of these two exchanges will be imported into the BitMax.io platform for matching and execution, allowing the three companies to provide better, more powerful, more efficient cryptocurrency services to a larger and more diverse customer base. Doing this will not only improve liquidity across the board for all customers, but it will enable the three exchanges to manage larger orders without the problem of slippage or price changes during trades. Slippage is a major concern for many crypto traders, and by forming an alliance with Giottus and Coindelta, BitMax will help to protect buyers and sellers in the future from price fluctuations that occur during the actual execution of trades.
BitMax has quickly risen to prominence in the crypto space. Not only does it provide traders with revenue-generating trading models via transaction mining, but it also provides high levels of transparency and performance thanks to the real-time settlement of trades and institutional-grade trading architecture that comes with high-end technology design. In addition to this, BitMax also provides users with multi-level firewall and segmentation, real-time system monitoring, multi-signature requirements, and high liquidity to ensure that traders have as easy and cost-effective trading experiences as possible.
Many global players had already seen the promise of the BitMax project and invested in the exchange and have helped grow it to where it is today. Some of these high-level investors and supporters include BitMain, FBG Capital, Danhua Capital, Python Capital, BA Capital, Perseverance Capital, and MW Partners.
BitMax has been successful in delivering safe, performant, and easy-to-use trading and investment services thanks to the deep experience and technical proficiency of the BitMax team, which is made up of former Wall Street executives, regulation professionals from Morgan Stanley and Goldman Sachs, and highly technical developers and tech leads with expertise in the fields of trading, order management, financial planning. The founding team also has academic credentials from world-renowned universities including the University of Chicago, Columbia University, Peking University, and Tsinghua University, which is a further testament to their abilities and potential.
The new partnerships with Giottus and Coindelta show that BitMax can and will continue to grow its industry presence and that it can do so while continuing to provide efficient, reliable, and secure services to its global customer base of cryptocurrency traders and investors. With new inroads to the Indian market, coupled with robust growth and secure backing from truly global financial investors, BitMax is setting a very high bar for other exchanges to emulate, and we can expect the exchange to make steady progress and to strike future partnerships in the months to come.