BitMart

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BitMart
IndustryFinancial Services
Founded2017; 7 years ago (2017)
FounderSheldon Xia
HeadquartersCayman Islands
Websitebitmart.com/en-US

BitMart is a global cryptocurrency exchange that provides a secure and user-friendly platform for trading and investing in various crypto assets. 'The exchange allows individuals from all corners of the world to participate in the exciting world of cryptocurrencies.[1] It lets people from all over the world trade and invest in crypto assets.[2] BitMart offers staking, lending, savings products, derivative contracts, futures trading, margin trading, and spot trading options.[3] The platform has more than 9 million users worldwide and has been ranked as one of the best places for cryptocurrency training by CoinGecko.[4]

History

BitMart was founded in 2017 by Sheldon Xia, headquartered in the Cayman Islands, and has offices in the United States, China, and South Korea.[5] In March 2018, the exchange went public and was formally registered as a Money Services Business in the United States.[6][7]

BitMart launched BMX, an ERC-20-compliant investment token, in 2018.[8][9]

In 2019, BitMart established BitMart Labs and started investing in investment and educational projects.[10] With pre-A funding from Fenbushi Capital, the platform secured collaborations with industry giants such as CertiK, Yanda, Shrimpy, Genesis Block, and Paxful.[11][12]

In 2020, by forming strategic alliances with SlowMist and Hacken, BitMart enhanced trading and network security.[13] With the assistance of Canaan Blockchain and CasperLabs, it improved its services to include staking and cloud-based computing mining power.[14]

In 2021, BitMart listed 585 new tokens and launched BitMart Earn with four variable savings packages and fixed savings products. By the end of the year, the exchange had nine million users with complete integration into major sidechain networks such as Avalanche, Polygon, Solana, and NEAR Protocol. BitMart secured Series B investment of $300 million from Alexander Capital Ventures.[15]

In 2022, BitMart created an NFT marketplace, offered margin trading services to boost futures and spot trading, and formed strategic alliances with several industry leaders in the Defi, GameFi, and Metaverse sectors.[16] In addition, the company attended several conferences, including Bitcoin 2022 in Miami and Consenses 2022 in Austin.[17]

Platform

BitMart's trading services are available in more than 180 countries. BitMart is prohibited in several nations, including Afghanistan, Iran, Iraq, Eritrea, the Democratic People's Republic of Korea (DPRK), Japan, Ivory Coast, Lebanon, Kyrgyzstan, Libya, Congo, Sudan, and South Sudan, as well as in several U.S. states, including Connecticut, New Mexico, Georgia, Washington, New York, and Hawaii.[18]

The network has implemented a multi-layer and multi-cluster system architecture that increases operational security, stability, and scalability.[19] The platform offers over a thousand crypto assets and over 700 trading pairs, including major coins such as BTC, ETH, AVAX, BNB, DOGE, LTC, SAND, SHIB, and SOL.[20] The platform's cost structure is tiered and is dependent on trading volume and holding balance. The greater your position or volume, the lower your cost.[21]

Products

  • Spot
  • Futures
  • Earn
  • Launchpad
  • NFT
  • API
  • BMX

In the media

     

References

  1. ↑ "BitMart trade volume and market listings". CoinMarketCap. Retrieved 27 December 2022.
  2. ↑ Exchange, BitMart (20 July 2021). "BitMart Announces New Integration with the Polygon Ecosystem". GlobeNewswire News Room (in français). Retrieved 27 December 2022.
  3. ↑ Exchange, BitMart (15 March 2022). "BitMart Turns Four, and It's Time to Celebrate!". GlobeNewswire News Room (in français). Retrieved 27 December 2022.
  4. ↑ Sigalos, MacKenzie. "BitMart says it will compensate victims of $196 million hack and restore trading by Tuesday". CNBC. Retrieved 27 December 2022.
  5. ↑ "Free Cryptocurrency Tutorial - How To Trade Cryptocurrencies on BitMart Exchange". Udemy. Retrieved 27 December 2022.
  6. ↑ "BitMart: Buy Bitcoin & Crypto – Apps on Google Play". play.google.com. Retrieved 27 December 2022.
  7. ↑ "IMPT 2023 price pump looks promising with the new BitMart listing". techreport.com. Retrieved 27 December 2022.
  8. ↑ Thuo, Charles (23 December 2022). "Metacade signs terms to list on BitMart". CoinJournal. Retrieved 27 December 2022.
  9. ↑ Exchange, BitMart (26 July 2021). "BitMart Officially Integrates with the Avalanche Blockchain". GlobeNewswire News Room. Retrieved 27 December 2022.
  10. ↑ Exchange, BitMart (21 September 2022). "BitMart Innovates with Exclusive "Vote to Earn" NFT". GlobeNewswire News Room. Retrieved 27 December 2022.
  11. ↑ "‎BitMart: Trade BTC, ETH, SHIB". App Store. Retrieved 27 December 2022.
  12. ↑ Exchange, BitMart (28 July 2021). "BitMart Officially Integrates with the NEAR Protocol". GlobeNewswire News Room. Retrieved 27 December 2022.
  13. ↑ Exchange, BitMart (22 July 2022). "BitMart Elite NFT-Based Membership Program Launches". GlobeNewswire News Room. Retrieved 27 December 2022.
  14. ↑ Butt, Arslan (25 December 2022). "Bitmart Exchange to List a New Coin on December 28 - IMPT Token". Business 2 Community. Retrieved 27 December 2022.
  15. ↑ "New Coin Listing on Bitmart Exchange Dec 28 - IMPT Token". cryptonews.com. Retrieved 27 December 2022.
  16. ↑ "Storx Network (SRX) Now Listed on Bitmart Exchange". finance.yahoo.com. Retrieved 27 December 2022.
  17. ↑ "Press Release Distribution and Management". www.globenewswire.com. Retrieved 27 December 2022.
  18. ↑ "BitMart. Trade Volume, Trade Pairs and Info". BeInCrypto. Retrieved 27 December 2022.
  19. ↑ "Metacade token MCADE to list on BitMart". Invezz. 23 December 2022. Retrieved 27 December 2022.
  20. ↑ Exchange, BitMart (3 July 2021). "AXIA Coin, the First Asset-Supported Global Currency, to Be Listed on BitMart Exchange". GlobeNewswire News Room. Retrieved 27 December 2022.
  21. ↑ "BitMart Trading Volume, Stats & News". Forbes. Retrieved 27 December 2022.

External links

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