BiFinance: Paving the Way for Global Cryptocurrency Adoption

The cryptocurrency industry has changed by leaps and bounds throughout the past couple of years.

This is partly due to the fact that the market went through a parabolic rally that sent crypto into the mainstream and put it in front of the eyes of anyone who hadn’t heard about it before.

This includes institutions. Many are already involved, but the fact of the matter is that most of them are merely dipping their toes in the industry.

The reasons for that are multifold, but undoubtedly a contributing factor is the lack of precise infrastructure that’s both convenient and safe.

It’s also true that many retail traders are experiencing issues with finding a solution that is a one-stop shop and covers all of their crypto requirements.

This is where BiFinance steps into the picture.

What is BiFinance?

BiFinance puts forward an institutional-grade digital asset trading platform that unravels a multitude of high-quality digital asset targets and innovative investments while also focusing on research audit standards.

The company is operated by a team of very experienced professionals who’ve tried and tested the waters in both traditional finance and crypto for many years. This has put them in a leading position in terms of technology, abundant product lines, appropriate security risk control integrations, and maintenance systems.

In general, the team is laser-focused on its mission, which is to solve the problem of solving difficulties for small as well as medium-sized enterprises.

The platform offers a myriad of products but perhaps etched into the spotlight are its spot and derivatives trading offerings.

Spot Crypto Trading

The exchange offers spot cryptocurrency transactions for its users globally. They can buy various coins with a simple click and sell them just as easily.

Mainstream cryptocurrencies such as BTC and ETH are supported, as well as a range of others. The team at BiFinance puts a lot of effort into discovering new opportunities while also retaining its high level of integrity.

Derivatives Crypto Trading

Traders are able to develop and expand the depth of their derivatives trading with BiFinance’s products. The choices are multiple and versatile.

It’s worth noting that the exchange is also conducting compliance development when it comes to its derivatives trading. This includes perpetual contracts and futures. Moreover, the platform also plans to launch stable income products, which include deposits, interest-bearing instruments, and others.

That’s far from the only thing that the platform is offering, though. Users can also expect:

• Launchpad
• DeFi Asset management
• BiFinance earn

The Exciting Road Ahead

Despite having developed a robust set of products already, the team at BiFinance is nowhere near being done.

Just recently, in April, BiFinance obtained permission for the US MSB license and is now officially holding this license. The registration serial number is 31000241154611. The company is also registered as a monetary service business entity in the US Bank of Constitution (BSA) 31CFR1022.380 (A)-(F).

In addition, the team participated in the Wikiexpo event held in Singapore and conducted multiple roadshows in the city-state.

In June, BiFinance officially submitted its application for a VASP license in Hong Kong.

It’s also worth noting that the company will start its Series B financing in August. Keep in mind that BiFinance was successful in holding a Series A, raising a total of $7.5 million.

Last but not least, the exchange will also be launching its very own native token called BFT. The launch is planned for the third quarter of this year, so stay tuned.

To find out more about BiFinance and start trading, please take a look at the official website.