In the zero-sum game of the capital markets, the "smoke and mirrors" of the digital asset exchanges never seem to cease. User assets are stolen, liquidations occur without reason, and exchange exits remain rampant.
Once again, the issue of asset security in exchanges is in the spotlight. The fundamental reason for this problem lies in the excessive homogenization and weak security measures in centralized exchanges, leaving user funds inadequately protected. In the competitive world of digital asset trading, where there are more "referees" than "athletes," investors find it challenging to distinguish between different exchanges and assess their security levels. This situation can easily lead to losses for users and a significant outflow of exchange traffic.
How to stand out in a highly homogeneous exchange landscape and ensure user fund security has become a crucial topic in the post-cryptocurrency market. As a next-generation digital asset trading platform, BiKing has spent several years doing research and here’s the response to the challenges of our time.
A risk guarantee fund of 50,000,000 USDT, forming the foundation of a secure trading ecosystem.
In the cryptocurrency industry, various types of hacking and security incidents have been on the rise, affecting both major exchanges and smaller players. Incidents ranging from coin theft to system outages and other security issues are constant threats in the world of cryptocurrencies. Even renowned international exchanges like Binance and OKex have experienced unexpected events. From its inception, BiKing has been committed to "ultimate security" as the cornerstone of its ecosystem. With security as its anchor, it has built a robust system for cryptocurrency financial derivatives trading, significantly mitigating potential risks and vulnerabilities.
Compared to other cryptocurrency exchanges, BiKing has established a risk reserve fund of 50,000,000 USDT to compensate users in the event of exchange security incidents, providing a "double insurance" for the safety of users' assets.
Furthermore, BiKing keeps pace with the trends of the times and, in response to market demands, flexibly optimizes and iterates on its products to strengthen the fundamental security of its ecosystem. It offers a variety of contract products, including perpetual contracts, bonus contracts and other financial derivatives, providing users with convenient options.
Additionally, considering the influx of novice users in the cryptocurrency space who may lack pro-trading knowledge, BiKing has introduced an innovative community copy trading mode. This feature involves top-level traders providing online guidance to users. Users can select one or more experienced traders within the community interface to follow their trading strategies. This allows users to combine their own judgment with the professional experience of traders, thereby avoiding missing out on cryptocurrency opportunities and achieving precise value capture.
Priors security as the foundation, building a one-stop trading ecosystem
BiKing places security as its cornerstone and is committed to expanding its product offerings to not only ensure a "secured trading environment" but also guarantee "safety of trading behavior" for users.
During the process of contract trading, if users encounter highly volatile market conditions, some exchanges may experience issues like order insertion delays, system outages, and price distortions. These problems can directly impact users' trading orders, leading to situations where many users are liquidated involuntarily in such volatile market conditions.
·Creating an innovative exchange with the least risk of liquidation.
BiKing ensures "safety of trading behavior" for users by introducing a minimum 10% position risk rate. This approach not only maximizes the value of users' funds but also significantly lowers the liquidation threshold compared to typical market conditions on other platforms. This increase in "fault tolerance" allows users to have a better chance of recovery, whether they encounter volatile market conditions or make operational errors.
The "dual safety system" of trading environment and trading behavior established by BiKing provides users with a more reliable financial derivatives service.
Building a global cryptocurrency asset trading ecosystem to explore the future blue oceans of digital value.
Looking back at the iterative development of the cryptocurrency industry, the pace of exchange development has been continuously accelerating. BiKing has come a long way, making a leap from an ordinary exchange to becoming one of the world's top exchanges. This transformation has given rise to an international trading ecosystem centered around BiKing.
·Creating BiKing on-chain trading ecosystem
BiKing has chosen CEX trading as its entry point and is endeavoring to create an on-chain trading ecosystem platform. This initiative aims to address the cons within BiKing's CEX while actively seeking collaborations to establish a trading ecosystem alliance circle. This approach fills the application gaps within the on-chain ecosystem and provides users with a one-stop trading service system that encompasses both on-chain and off-chain trading.
·Deepening influences internationally
Throughout the development, BiKing has consistently adhered to an "international operation" development strategy. While providing an ultimate secure trading ecosystem, we also expanded our presence to more countries and regions, thus broadening its global influence. After several years of dedicated efforts, BiKing has gained the favor of millions of users worldwide, with a presence in over 40 countries.
Acts proactively，BiKing began the horn of CEX transformation.
With the continuous optimization of BiKing's trading ecosystem and financial derivatives, we have now established a diverse cryptocurrency trading ecosystem with a wide range of product lines. This ecosystem offers nearly a hundred high-quality blockchain asset trading and investment services for global users. Our comprehensive strength places us firmly within the top 10 global exchanges. These achievements were recognition to BiKing's steadfast approach to development.
Years of dedicated effort have shaped the current success of BiKing. In the future, we will continue to innovate and never rest, maintaining our development style of having an attitude and substantial capabilities. BiKing is set to go further in the cryptocurrency industry's development journey.