Crptocurrency trading made more efficient in the middle east using the cyptosouk platform
The evolution of our generation from the days of analogy to this digital age has brought about a lot of mind-blowing innovation in our time. The usual way of banking has been digitalized where people can trade and bank online. The introduction of cryptocurrency has however been vastly adopted by the world at large. The increase of daily online users trading cryptocurrency has gone from thousands to millions as of the time of writing this.
However, the middle east region has been finding it difficult to join this movement and participate in this burgeoning economic phenomenon due to the lack of this online trading platforms to provide a friendlier environment. The need for a more understandable cryptocurrency platform in the middle east cannot be overemphasized.
This, however, prompted the establishment of cryptosouk to deliver a centralized cryptocurrency exchange to the middle east and the Arabic language as well.
Cryptosouk overview
Cryptosouk was launched with the objective of integrating cryptocurrency and delivering it to the middle east for easier accessibility. Crptosouk users would be able to easily trade cryptocurrency on the platform by the ability of cryptosouk to adapt the knowledge of KYC/AML relevant documentation. Cyrptosouk has the aim to employ regional experience by channelling localized unique digital marketing content via the most optimized channel as well as focusing on education in Arabic. crptosouk was designed to offer a vast region that offers trading in bitcoin, ethereum, litecoin, ripple, dash, and monero respectively.
Cryptosouk platform can also be used to generate income for users using the cryptosouk referral program. Cryptosouk has a simple way of rewarding users. Each user on the crptosouk platform will have their different referral code that can also be shared with others.
The cryptosouk technology is designed towards simplicity, security and a reliable trading platform for users.
Features of crptosouk
Native charting
Multiple integration abilities for KYC/AML and banking
Institutional grade security
Enterprise matching engine with execution ability of 1million transaction per second
Advanced APLs to access or provide liquidity to others
Interoperability with traditional and DLT infrastructure
Challenges
Cryptocurrency trading has so far been rampant yet it takes a lot of qualities and experience for one to successfully trade cypto.
Complexity: trading, buying and holding cryptocurrency is always very complex. The mainstream crypto traders find it really difficult to cope with this new innovation. The already existing crypto trading platforms lack liquidity and market making.
Cases of hacks and frauding: The existing cryptocurrency trading platforms are less secured by the creators. There have been cases of internet fraudsters hacking into user's accounts and making away with a lot of money. These incidents make it difficult for users to freely trade crypto.
Solution
The solution to these errors lies in the establishment of crptosouk, a multi-functional platform that enhances the use of advanced modern technology to bring cryptocurrency trading to the middle east. This platform was launched at the beginning of Q3 2018. Crptosouk exchange also allows for account loading by cryptocurrency or fiat payment.
Conclusion
The full implementation of cryptosouk will enhance a speedy increase of crypto trading within the middle east ecosystem. Crptosouk will automatically integrate crypto trading and make it more accessible and more understandable for the middle east crypto users.
The link below contains more information about cryptosouk
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Username: tochidavid
pofile link:
https://bitcointalk.org/index.php?action=profile;u=2355893
