BTCNEXT Exchange Weekly Update #4
The transition to the new BTCNEXT Exchange core is done! We have been waiting for this day long enough and now we are proud to provide traders with a qualitatively new level of user experience. Stock markets are beginning to recover after the shock of two weeks ago, though there is the risk of an aggravated situation. Read about all the events of the week right now.
One of the most successful weeks for the US stock market in the last few months is ending. The S&P 500 rose about 15% over the week. Futures for US indices traded mostly neutral in the morning hours. On the other side of the globe, Asian platforms continue to trade in the green zone and the interest for risky assets remains stable, despite the still increasing rate of the coronavirus spread.
Nevertheless, the situation with the virus remains uncertain, the global economy continues to plunge into recession, negative sentiment could return to the financial markets and the observed optimism may be short-lived.
The US is trying to keep the situation under control but the usual tools are not working effectively. The adoption of an incentive package, which will cost about $2 trillion, is inevitable. Perhaps this step will turn out to be a solution for long-term prospects.
Last week was pretty calm, the market showed moderate growth of about 5%. The leader this week was XMR, which rose in price by 20%. The loser was XEM, the coin lost 2% of the price.
Bitcoin has been moving sideways for the past 4 days, although before that the price fell below $6,000. Now the BTC has returned to the $6,700-6,800 range. The altcoin market, for the most part, is also moving sideways. Coins such as BNX, QDAO and NOAHP are again demonstrating enviable stability and are confidently holding their ground.
The BTCNEXT Exchange
The main task of the BTCNEXT team is security and the comfortable user conditions of the exchange. We’ve always tried to optimize the existing core but it has been impossible to bring it back to perfect conditions. Therefore, we have been developing a new core for a long time. Last week, we finally presented the results of our hard work.
The new core of the BTCNEXT exchange will allow traders to have a completely new user experience. The performance and stability of the exchange are significantly increased. Now shutdowns on maintenance will occur much less frequently. The functionality of the exchange has increased and six new tools have been added to meet the needs of professional traders. These tools are:
- Dynamic layout
- Market Depth
- Grouping of volumes
- Withdrawal address whitelist
We have also finished the BTCNEXT Broker promo finished in a few days; 500 traders received $10 on their live accounts.
They have already started trading and are making a profit, do not miss this unique chance to earn money and join them. Read our educational section and become a professional trader!
BTCNEXT Exchange trading volumes:
- BTC has traditionally become the leader in terms of volume, with an average daily turnover of more than $1.7 million.
- ETH, with its $1.2 million daily volume, is in second place.
- All other pairs have a volume of less than a million dollars a day.
- BNX — $2,500.
- NOAHP — $10,000.
- QDAO — $7,000.
The number of trading pairs has been expanded, we’ve added: ZEC/USDT, ZEC/BTC, LTC/USDT, LTC/BTC, NEO/USDT, NEO/BTC, BCH/USDT, BCH/BTC.
That’s it for this week. We hope you are just as excited about the BTCNEXT Exchange global updates as we are. We invite you to check them out personally and come back in precisely one week.