As Leading Enterprises Gather at 2018 SFBW, BitAsset and Other Blockchain Giants Projects the Future Development of Cryptocurrency
BitAsset Believes that Combining Digital Assets and Traditional Finance May Create a New Blue Ocean Within the Cryptocurrency Market
The bear market situation in the overall economy has gradually extended to the cryptocurrency market. And according to statistics of Coinmarketcap, there is an increasing number of trading platforms, with active registrations of more than 2,000 institutions. Yet despite the adversity, BitAsset is breaking through the existing market and creating a new opportunity within the cryptocurrency market by combining digital assets with traditional finance. Through the exposure of online promotion and education, and simultaneously expanding their financial landing strategy with offline services, they are redirecting the cryptocurrency market towards alternative O2O and becoming the next unicorn in the blockchain industry.
BitAsset co-founder Robert explained: “To reduce investment risk by putting together a high-quality project portfolio and establishing a data-based reward mechanism, the investment concept of the cryptocurrency market is similar to that of traditional financing. Then when trading becomes mining, and the effect of online promotional strategies like new user perks and currency dividends become gradually limited, the traditional financial approach combined with an offline sales service team will have the potential to break through the new blue ocean.”
The feedback for such a new operation has been quite positive. In addition to localized teams set in Taiwan, China, Hong Kong, South Korea and North America markets, BitAsset continues to recruit customer management teams in key global financial markets such as the United States, South Korea and Japan. A more professional and efficient service system will be established to meet the diversified asset planning needs of general investors to high net worth clients and fund institutions.
In Addition to Cryptocurrency Trading, BitAsset has Recently Made Financial Derivatives Available Online and Continue to Actively Participate in the Financial Market
Futures trading has also made an appearance at blockchain’s highlight events of the year. Goldman Sachs and other Wall Street investment banks have launched bitcoin futures commodities (NDF), demonstrating that cryptocurrency financial derivatives have gradually gained market attention. This year, BitAsset will also launch the layout of private banking-style financial management services and financial derivatives in cryptocurrency, including ETF index funds, margin financing and securities, and futures. After the introduction of financial derivatives, it will attract more investment users to enter the cryptocurrency market and expand market ecology and depth. It is expected that the futures simulation market will be launched in the second half of this month, and long-term operation will likely be comprehensive.
BitAsset co-founder Robert said: “Although the trading market for digital financial derivatives is still nascent, the market sentiment of digital assets continues to grow over time. Investor focus and interest are projected to extend from cryptocurrency to futures trading and other commodities, making these a major investment target.”
As blockchain technology and understanding the local market go hand in hand, BitAsset is firmly taking its first step towards the global financial market
To businesses that involve many different partners in nature like cross-border payment, large-volume e-commerce, insurance charity, etc., highly efficient and reliable records are extremely vital. Blockchain’s decentralized characteristics helps shorten temporal and special distance between investors and invested businesses. Furthermore, businesses can take this opportunity to adopt new mechanisms and mindset, and with tokenization on the top layer, high fluidity digital asset is thus created.
Of course, being a member of such a new industry, we think it is important to have sufficient communication with local legislative and financial institutions. However, sales teams in many countries have observed that many users, business, and even governmental agencies still do not know how blockchain and digital assets work. Therefore, BitAsset will shoulder the responsibility of industry education and realization of blockchain application in daily life, and promote the correct concepts of safe digital asset trading as our first step moving into the global financial market.
First group of investment institutions have joined us; our next goal: to become the world’s top 20 trading platform
Since BitAsset’s official launch this August, we have successfully pushed our platform into the market by having 5 investment institutions on our platform. We are currently working towards adding institutions worldwide, and partners that have signed collaboration agreement with us, namely AMBER AI, ChaiNext, Lingjun Investment, etc. will share resources and technology mutually with BitAsset. BitAsset and its partners will also make decisions and manage our businesses together. In addition, we will start working with Consensys, which we announced our collaboration at SFBW, to plan for future developments in the digital finance industry.
Other than including more institutions on our platform, BitAsset is also delving into investors and the general public market by holding debugging rewards and team trading competitions. We have also actively participated in various blockchain and digital asset forums — SFBW and Consensus: Singapore 2018 — at home and abroad, to gain exposure as the industry’s unicorn.
In addition to existing resource, Robert, BitAsset’s co-founder, thinks future potential increase in trading volume lies in offline traders, overseas users, and high net worth investors and institutions. “As we get to know our customers, we discovered that family funds and high net worth investors are much more knowledgeable and devoted into the crypto market than we have imagined, so now we are seeking collaboration among such groups.”
Currently, BitAsset is focused on ranking in the top 20 trading platforms on Coinmarketcap, and a daily average transaction volume target of 90 million USD. Having digital financial service platform as our building block, we will incorporate AI and Big Data to provide fintech solutions such as cross-border payment, supply chain finance in the future, and gradually form a complete supply chain at global level.