Bitcoin (BTC): WCX trading platform rides on BTC for global financial markets access
|- WCK platform gives 125,000 users access to global markets using BTC.
- “People love how easy and fast it is to trade using Bitcoin rather than non-programmable money like the dollar,” WCK co-founder Soyonobu.
Traditional market customers can now access the stock markets on the WCK trading platform using Bitcoin. This platform gives users the opportunity to either go long or short for over 100 markers. At the same time, all profits and the losses made are processed in BTC.
This is great news for Bitcoin as it gets addition real-world uses cases. The asset has existed for more than a decade now and still blamed for not having for not having utility by solving real-world problems.
WCX was created by a former software manager at Apple, Amatsu Soyonobu in collaboration with his colleague, Tagawa Hayashida. The system does not need one to have users have fiat currencies in order to access the global financial markets.
“Think of us as a stock brokerage, except instead of depositing fiat, you deposit Bitcoin,” explains Soyonobu.
WCX is only a few months old since it was launched in October 2018. However, it has been gaining traction tremendous having already registered more than 125,000 traders spanning 189 countries. Its trading volume has already surpassed the $1 billion mark,
“There’s obviously something here. People love how easy and fast it is to trade using Bitcoin rather than non-programmable money like the dollar,” Soyonobu adds.
As opposed to the common knowledge that Bitcoin transactions are slow, the founder, Mr. Soyonobu says that BTC allows them to process both deposits and withdrawals almost instantly. In addition to that, users are able to access markers on an international level. The journey has not been smooth for WCX but Mr. Soyonobu reckons that:
“Security is our top priority. We use the most tested and secure wallet architecture, which includes cold/hot wallet segregation. We keep 98% of customer funds in cold offline wallets, out of reach from attackers. Hot wallets are used to process withdrawals quickly. They’re protected with state of the art security and insured against theft.”
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