{"id":11474,"date":"2018-12-21T00:00:00","date_gmt":"2018-12-21T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/12\/21\/btcex-exchange-is-re-launching-through-its-ico\/"},"modified":"2018-12-21T00:00:00","modified_gmt":"2018-12-21T00:00:00","slug":"btcex-exchange-is-re-launching-through-its-ico","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/btcex-exchange-is-re-launching-through-its-ico\/","title":{"rendered":"BtcEX Exchange is re-launching through its ICO"},"content":{"rendered":"

Introduction<\/strong><\/h2>\n

Cryptocurrency exchanges have often suffered from two main challenges, namely security and liquidity. The security of an exchange involves the safety of assets under custody of the exchange while liquidity relates to the ease of access to different trading pairs as well as how easy it is to convert those assets into fiat. The Coinmarketcap data aggregation website lists more than 200 cryptocurrency exchanges as of the time of writing and most of these record less than $50 million adjusted trade volume within a 30-day trading period.<\/p>\n

Cryptocurrencies have been around for less than a decade but most of the initially established cryptocurrency exchanges failed due to lack of proper asset management techniques and failure to implement the right security procedures. The most prominent example being the fall of Mt. Gox<\/a><\/strong> Bitcoin exchange back in 2014 after it reported losing 800,000 BTC supposedly to hackers.<\/p>\n

To avoid such an unfortunate scenario, a \u2018new\u2019 cryptocurrency exchange \u2013 BtcEX<\/a> <\/strong>is proposing a new method of conducting business. BtcEX is not exactly a new exchange per se because it was previously launched in 2016 but fell victim of cyber hacking in 2017 where it lost all funds and had to close shop. In its previous iteration, BtcEX only offered one product where it allowed its clients to exchange crypto. Now, the exchange plans on integrating more services including leveraged trading and P2P lending.<\/strong><\/p>\n

What\u2019s its selling proposition this time? BtcEX claims that it has learned from its past mistakes.<\/strong> According to its whitepaper, several exchanges in the market fail to implement effective safety procedures to safeguard customer funds while also providing the needed liquidity needed by most traders. Finally, several competitors in the market do not comply with the necessary legal provisions. BtcEX feels that it has the best proposition in the market.<\/strong><\/p>\n

Features<\/strong><\/h2>\n

BtcEX features revolve around three prominent challenges that face cryptocurrency exchanges and these are providing traders with a deep liquidity platform, efficient channel to transfer assets between fiat banking systems and blockchains through integration with traditional banking systems and finally offering safety and security from cyber threats.<\/p>\n

The BtcEX exchange platform will comprise the following main components:<\/p>\n