Cryptocurrency trading platform Blockbid has announced newest exchange that would allow the trading of many cryptocurrencies using one single login, CoinSpeaker reported.
“Blockbid was able to identify a huge need in this market for a trading platform that would allow the trading of many types of cryptocurrencies,” said Emma Hoffman, Blockbid’s CMO.
The Blockbid cryptocurrency exchange will operate on Australia’s fastest exchange network, with direct datalink connecting over 180 co-location facilities on 5 continents.
A user-friendly front-end enables users to engage in cryptocurrency trading on the same user interface designs used by Facebook (XETRA: FB2A), Netflix (NASDAQ: NFLX), and Dropbox, while back-end interfaces are similar to those implemented by websites such as PayPal (NASDAQ: PYPL), eBay (NASDAQ: EBAY) and LinkedIn.
“Blockbid is being designed to help traders overcome three main issues; the inconvenience of needing to sign up to multiple exchanges, the unease associated with having coins scattered across multiple (and potentially untrustworthy) exchanges, and missed investment opportunities”, the company statement reads.
Blockbid plans to raise money through anticipated ICO that will start on October 22, 2017. Tokens are exchanged at current market rates (one Ether = 300 blockbid tokens) available through a commission-free marketplace. The buyer receives a 100% discount off the 0.1% flat fee in the first year, and 50% discount thereafter for each purchased token. Early ICO participants will also receive a minimum 8% – 20% bonus Blockbid tokens.