The tipping of cryptocurrencies as “the future of money” may likely suffer a setback or unless the current challenges faced by the currencies are nipped in the bud. Bitcoin (BTC) had debuted on a good note and soon set the traditional payment industry into a state of quagmire following the announcement of ushering in a decentralized and peer-like model of payments. Indeed, such a proposition didn’t sit down well with the hitherto stakeholders in the global financial industry that had been ripping off the masses.
After the debut of these currencies, many cryptocurrency exchanges and trading platforms were developed to facilitate their transactions. Over the years, these platforms could be said to have "failed woefully” to achieve that purpose despite the conscious efforts to that end. That informs the reason behind the launch of the SynchroBit cryptocurrency trading platform. Some of the market challenges would be highlighted before looking at how SynchroBit can address them.
MARKET CHALLENGES IN THE CRYPTOCURRENCY INDUSTRY
The current cryptocurrency trading industry is faced with many problems, such as hacking. For instance, Coincheck, which is one of Japan’s largest cryptocurrency exchanges, was hacked in the year 2018 with over $530 million belonging to the users lost in the attack.
On the other hand, the popular cryptocurrency trading platform or exchange battle with low liquidity, just as they struggle to handle the thousands of transactions processed by their swarm of users. The market challenges are many but worthy of note is that many cryptocurrency exchanges have advanced trading features that are not fully functional. They also support a few fiat currencies, just as their platforms and mobile applications are not user-friendly.
SETTING THE PACE FOR A PARADIGM SHIFT VIA SYNCHROBIT
The time has come to set the records straight for the available cryptocurrencies and many more to go to boom. The SynchroBit cryptocurrency trading platform has a suite of features and working templates, which, when delegated, would trigger an increase in the fortunes of the global cryptocurrency community.
• Facilitated Transactions
It’s a fact that the hitches in many cryptographic payments are buoyed by many factors, such as the mining process and the low scalability of the cryptocurrency exchange. Such wouldn’t be the case when using SynchroBit.
Instead, the platform (SynchroBit) promises to facilitate transactions of up to 1 million transactions throughput per every 40 Nanoseconds. Aside from that, it looks at the reduction of fees, which would be facilitated by the use of the SynchroBit Token (SNB).
• Improved User Experience
Cryptocurrency traders, who also double as the primary users of the SynchroBit platform are set to derive maximum benefits from their trades. The platform (SynchroBit) offers them live phone support, assigned account managers, and provided varieties of content in the forms of videos, podcasts, and articles to help them scale through the crypto market without hassles.
• Diversified Cryptocurrency Markets
Think of the massive income accruable to you when your assets are diversified. The SynchroBit cryptocurrency trading platform makes that possible through the diversified cryptocurrency markets that include popular cryptocurrencies like BTC, XRP, LTC, ETH, BCH, USDT, and ZEC. Users can also enjoy other markets like XLM, Fiat currencies like EURO, GBP, and USD; and SNB markets, which comprise all the crypto coins and tokens that are paired with the SynchroBit Token (SNB).
TRADE ON SYNCHROBIT
It’s evident that the formulations of the SynchroBit cryptocurrency trading platform are borne out of the quest to offer immeasurable value to the end-users and cryptocurrency traders. So, sign up for a SynchroBit account today and start trading on your favourite crypto coins, crypto tokens, and their fiat and digital asset pairs.
USEFUL LINKS
Website: https://snbtoken.io/
Whitepaper: https://snbtoken.io/images/wp.pdf
Telegram: https://t.me/Synchronium
Twitter: https://twitter.com/SynchroniumLtd
Facebook: https://www.facebook.com/synchrobit.exchange
AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971