By
Chimamanda U. Martha
April 19th, 2024
With the aim to make financial freedom for everyone in the world, Bit2Me has effectively positioned itself as the bridge between fiat and cryptocurrencies.
The boost in the mainstream adoption of digital currencies has put an overwhelming demand on cryptocurrency exchanges across the board. The existing centralized and decentralized exchanges have proven incapable to support the influx of global crypto enthusiasts, a situation that calls for self-introspection amongst key stakeholders.
Despite the obvious flaws of these trading platforms, there has been an increase in competition, especially amongst decentralized exchanges. Coupled with the infrastructural deficit in the industry which threatens the mainstream adoption of crypto, innovations have continued to pour in due to the need for exchanges to outpace one another.
It is also a known fact that the enterprise adoption of cryptocurrencies is at a low ebb due to the infrastructural deficit. To address the common ecosystem gap, the Bit2Me exchange was launched. The trading platform is built with advanced infrastructural technology to help cushion the pressure the industry is experiencing in onboarding retail and institutional investors alike. Bit2Me is the largest regulated Spanish exchange, and it has many missions including helping to establish a safe cryptocurrency exchange industry.
An Industry Under Pressure
The growing inflow of new funds into the digital currency industry has seen the influx of big names such as electric automaker, Tesla Inc (NASDAQ: TSLA) who invested $1.5 billion into Bitcoin (BTC) back in February. Software intelligence firm, MicroStrategy Incorporated (NASDAQ: MSTR) is also amongst the biggest Wall Street firms with considerable investment in BTC. The funds seen have pushed Bitcoin to become a $935.8 billion asset with the overall crypto industry capitalization coming in at $2.28 trillion.
Whether the funds flow into the cryptocurrency industry through these big-money players, or through retail traders, the primary channel to gain exposure to crypto is via cryptocurrency exchanges. This reality begs the need for high liquidity which most exchanges lack. The inflow of funds and the mania which often arises in purchasing digital assets has been proven to cause a shut down in most exchanges including the biggest players such Coinbase Global Inc (NASDAQ: COIN) and Binance respectively.
As a switch, many traders are beginning to explore the potential offerings on offer by decentralized exchanges (DEXs). However, there is a great deal of complexity in using these platforms, compounded by high network or transaction fees. The steep learning curve makes embracing DEX a long shot in addressing the needs of the industry.
Amidst the competition around, the Bit2Me ecosystem is growing, and thriving accordingly.
A Spanish Giant Emerges
Bit2Me is an exchange that came into the limelight in 2014 as a financial technology company. The startup was created as an outfit with a working knowledge of the blockchain and the digital currency ecosystem. As an exchange, Bit2Me helps individuals, other trading platforms, mining pools, token issuers, investment funds, governments, and institutions to access, trade, and manage cryptocurrencies and digital assets optimally.
The exchange was created with a mission to “provide financial freedom so that people can save, send and receive money without complications. Even in countries where disposing of what one has earned through work is difficult.” Since its inception, the exchange has done just this, harnessing its strong human relationships expertise with its diverse clients.
With the aim to make financial freedom for everyone in the world, Bit2Me has effectively positioned itself as the bridge between fiat and cryptocurrencies. The platform aims to further build on the broad-based freedom through its proposed native token, the B2M.
The B2M token is a rewards-based token that is designed to introduce additional value to the platform’s existing broad-based offerings. The token will aid holders to access more discounts for products or services purchased on the platform. The B2M token will also introduce decentralized finance (DeFi) functions while notably serving as the platform’s governance token. The B2M token will further enhance the positive outlook of Bit2Me’s ecosystem.
Adoption, Adoption, Adoption
There is no doubt that the digital currency ecosystem has caught the attention of even the most detractors. Today, there are over 774k active Bitcoin addresses, according to data from BitInfoCharts, a figure which, though is below the All-Time High (ATH) figure showcases the growing embrace of Bitcoin and cryptocurrencies as both an asset for safeguarding against inflation, as well as for crypto payments.
In all, the entire industry is advancing with more use cases being introduced on a daily basis. The challenge of regulation might be impeding this progress, however, the industry is seeking to rise above these challenges by working closely with regulators.
Bit2Me has thrived in this regard, as its positive standing with regulators around the world has pitched it as a vital global exchange to do all things crypto. Through its close ties with regulators, the exchange seeks to continue in its strides of working to advance the adoption of blockchain and cryptocurrencies as a whole.
To gain a first-hand insight into how Bit2Me is championing this crypto adoption drive globally, visit their website following the link.