Quick Summary
- BKEX is a modern platform for digital assets with centers all over the world. BKEX offers its users many features like OTC & spot trading, staking, pool mining, hierarchical liquidation mechanism and much more.
People can trade, invest, send and receive cryptocurrencies through different wallets or exchanges. There are many centralized exchanges at the moment, but one is currently leading in numerous directions. That exchange is called BKEX.
BKEX is a global digital asset financial service platform that focuses on the mining and absorption of high-quality assets, as well as an innovative international station of digital assets for global users, offering trading and investment services across a wide range of digital assets. Let’s have a closer look at BKEX.
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What’s BKEX
BKEX is the world’s leading digital asset financial service platform launched in June 2018. It has independent trading operations centers in Hong Kong, China, Japan, Singapore, the United States, Korea, and other countries and regions. BKEX is a global leader in technology platforms, product branch lines, security risk control systems, operations, and customer service systems.
BKEX acquired more than 8 million users since its establishment and it has a multi-billion dollar trading volume on a daily basis. BKEX product matrix covers contract trading, spot trading, OTC trading, cloud mining service, wealth management and other sections.
Main Features Of BKEX
The BKEX contract supports ten transaction currencies: BTC, ETH, EOS, LTC, BCH, XRP, DOT, LINK, UNI, and FIL, and provides users with a 1–100 times leverage. Users can assign and select the leverage multiplier flexibly based on their own positions. The crypto market is very volatile, and users can make use of BKEX’s preset stop order, market-add, reverse-open, and other features to deal with huge market fluctuations.
There are over 1000+ quality cryptocurrency pairs supported by BKEX. The platform supports fiat currency trading in THB and it will soon add trading with USD, EUR, GBP, AUD, RUB, etc. Users can trade leveraged ETPs (BTC5L, BTC5S, ETH5L, etc.) as well as perpetual contracts for BTC, ETH, LTC, BCH, EOS, XRP and dozens of other cryptos.
BKEX also supports market orders, limit orders, and trigger orders to adapt various transaction styles. Furthermore, when opening trade on BKEX, traders can choose two modes, called double position and multiple positions.
If you don’t want to trade, you can still use BKEX for their project mining pools. It’s possible to lock your digital assets and receive APY up to 35%! You can also stake certain cryptocurrencies with flexible unlocking and receive competitive APY as well.
BKEX Hierarchical Liquidation Mechanism
When users enter a leveraged trade and it goes against them, the trade will be liquidated and the trader loses all funds in the position. However, BKEX is using a hierarchical liquidation mechanism that will cut your position gradually. When it reaches its minimum balance, the position gets completely liquidated. This can greatly reduce losses and improve the trading experience for users.
Token Information (BKK)
BKEX’s token BKK has been launched in early 2020 and it has an $8.5 million market cap at the moment. There’s a max supply of 164 million BKK tokens and there is a consistent trading volume on this cryptocurrency. Currently, BKK is listed only on their exchange BKEX and CoinEx. BKK probably needs other listings in the future to start rising more.
Conclusion
BKEX is a modern trading platform that is keeping up with trends and it’s digging in the popular topics like DeFi, Metaverse, NFTs, etc. It wants to continue to absorb and update high-quality projects that will be suitable for their platform. BKEX is definitely an innovative exchange that is here to stay and grow! The only question left is, how high?!
Follow BKEX here: Website | Medium | Twitter | Telegram | Instagram |
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sources: bkex, medium, coinmarketcap,
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
