A REVIEW ON BASEFEX EXCHANGE

INTRODUCTION

Cryptocurrency has continued to evolve as the day goes by, since the inception of bitcoin in the year 2009, it has made a tremendous change in all sectors of life such as health care, e-commerce, the human resource as well as financial sector. In the financial sector, it has helped fix the issue of trust, insecurity, middlemen, etc.

BaseFEX is a cryptocurrency exchange that enables its users to successfully buy and sell any cryptocurrency notwithstanding the market condition. BaseFEX came into existence in order to solve the current issues faced by today exchange, the exchange is developed by professionals using cutting-edge technologies from the ever-evolving internet industry, which outperforms decades-old technical solutions commonly used in the financial industry. The main objective of basefex exchange is to provide a smooth, transparent, trustworthy platform for its users. The exchange leverages on the existing protocol of blockchain industry. It is an exchange built with the aim of innovating the traditional financial system. The basefex exchange is user-friendly with a high-security rate. The basefex exchange focuses more on the future of bitcoin, it is worthy to note that BaseFEX exchange allows the trading of Bitcoin futures and all profits and losses incurred are paid off with Bitcoin. In years to come, basefex will innovate and add more features in other to meet the needs of its users, more cryptocurrency altcoins and trading tools will be added, in other to meet the needs of the user. The basefex exchange provides a high level of influence on altcoin and leverages up to 100x on bitcoin and this cannot be found in the existing traditional exchange

The components of Futures Market

The components of future contract market consist the following:

Multiplier

Position Marking.

Initial and Maintenance Margin

Settlement

Basis

The basefex cryptocurrency exchange is based in Tokyo and was launched last year by a team of professionals led by Jesse Wu and Isaac Zeng. Both are a well re-known personality in the cryptocurrency field.

to know more about basefex visit the links below

Website => https://www.basefex.com/

Twitter => https://twitter.com/BaseFEX

Telegram => https://t.me/BaseFEX_Trading

Telegram => https://t.me/BaseFEX_Trading

Medium => https://medium.com/@basefex