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.”

Suggested articles:

Bitcoin price stability ousted: The downside still beckons


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

The cryptocurrency market resumes the decline, Bitcoin (BTC) dangerously close to $8,000

Bitcoin and major altcoins resumed the decline after a short period of range-bound trading on Wednesday. The total market capitalization retreated to $220 billion, according to CoinMarketCap data. An average daily trading volume stabilized at $52 billion, while Bitcoin’s market settled at 66.3%. 

More Bitcoin News

EOS developer makes blockchain governance proposal

EOS has recovered from the intraday low of $2.81 to trade at $2.97 at the time of writing. Despite the recovery, the coin is still 5% lower from this time on Tuesday.

More EOS News

TRON price analysis: TRX/USD claws back ground after a sharp-sell-off

At the time of writing, TRX/USD is changing hands at $0.0156. The coin has lost over 5% in seven 24 days, and the downside momentum is still strong. 

More Tron News

Ethereum market update: ETH/USD drops below DMA50 amid growing bearish sentiments

ETH created the recent top at $197.80  on October 11 and has been sliding down ever since. The second-largest digital asset retreated below $180.00 during early Asian hours amid the sell-off on the cryptocurrency market.

More Ethereum News


Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast