How Important exchange role in digital asset ecosystem?
The digital assets ecosystem is evolving fast and the roles of each institution play key role in this ecosystem. Exchange is the most important factor when it comes to digital assets. And today's exchanges are not just focusing on creating a platform for trading but they are establishing the one-stop destination with many options such as exchange, clearing & settlement, and depository operations.
But is this enough? What if the projects don't provide proper information to the exchange when it comes to token supply, keeps exchange in the dark regarding the same. How exchange can deal with such cases and save traders from such manipulation?
A realistic perspective must be maintained on the influence that a trading platform or any Liquidity Specialist can have on an asset’s price insofar that neither is engaging in manipulative tactics
Shane Molidor, Global Head of Business Development at BitMax & GDM shed light on the digital assets ecosystem and exchanges. Also what BitMax focusing on
Please visit the below article, Shane Molidor given more information on current issues and BitMax approach to tackle with such cases
https://www.coinspeaker.com/exchanges-evolving-role/#respond
I went through the article written by Shane Molidor and must confess that it was quite explanatory and gave a vivid description of the roles of trading platforms as well as the liquidity specialists.
Yeah. The content is good. Well explained points. Enough to enlighten the public on what they are about to do.
It’s a known fact, BitMax has been a transparent exchange. I think it’s the right time for other exchanges to follow suit. Best practices would be to educate the public about your every move.
Yes you are absolutely right, Bit max has glassiness property of exchange. Enables people to know on what they are going to do.
no shady activities it definitely what investors need and i commend them for that
Truely bitmax brings transparency in the cryptocurrency exchange and time's come for others exchange to follow the same.
I have been using BitMax, and read most articles published on the official medium page, but I haven’t read a very detailed article like this one. With every new listing, the role played by an exchange grows.
The cryptocurrency ecosystem would be better if every exchange play fair.
BitMax has indeed been very transparent in its disposition towards investors and developers which has led to increasing support of the platform. Other exchanges should be encouraged to do the same to get maximum support from their community.
Well. We all know the very importance of exchange platform and also the fact that today's crypto world can't do without exchange. Howbeit I still feel this article targets and address the old issue with $Deep token
I think it’s all about BitMax team trying to be transparent. They’re saying, these are the reasons we are the best exchange in the world, we don’t list crap tokens who don’t meet our requirements.
BitMax is making their mark as being a transparent token, and it’s going to work out great for them.
Well fact says none of the listed tokens on Bitmax performed really well. I'm not blaming on them don't get me wrong but I'm just speaking outta observations
Guess its all about what the listed projects have to offer than the platform itself, though they still need to indulge in massive promotion which they have been doing
and i believe it really helping them get solid audience
Bitmax for me use to be my beacon of hope and shinning example and light to exchange platform that exist today in the blockchain. It was discouraging not to see this happen. Glad you're back.
Yea, come to think of it, their periodic AMAs have proved to be very successful in the growth of the brand
I believe using of ama session actually helps maintain the transparency in regards to the project .
I love the approach bitmax are taking to solve this problems. I love the fact that they are trying to do more.
Yes it’s actually team is working hard and i wishes team to have success and achieve their remarkable target.
They have actually sold themselves to the public with the case between them and the deepcloud brand, showcasing transparency, that speaks a lot about them
well transparency is what crypto exchange platform should seek to get and bitmax are doing a great job
they obviously want to be the exchange of the future i really believe they are doing a great job
This article has given me a very clear insight as to how an exchange is run and the various parties that are involved in the buying and selling of cryptocurrencies on an exchange. It's awesome to know that cryptocurrency exchange or trading is only a feature of the BitMax platform.
The article didn't specifically said bitmax is going to go into other features. @ least what I read is Shane on personal take on the whole exchange thingy.
I can see you misunderstood my view. I was only saying that an exchange has several line of business which are not limited to trading. As indicated on the first paragraph of this article an exchange is a ''one-stop destination with many options such as exchange, clearing & settlement, and depository operations.''
BitMax has some of the best Primary listings. They seem to be doing so well, even after listing on other exchanges. I think it just comes down to being transparent.
They really secured themselves a good spot in the mind of investors during their initial launching process
The world of cryptocurrency is the new generation hope for the economic development. For this a transparent exchange is required and offcourse Bitmax has shown really remarkably better platform.