Why do Crypto Exchanges Need Mobile Apps?

Smartphones have changed the way we play the game called life. Ever since the inception of the innovative iPhone, people had the world at their fingertips; a world of endless opportunities and information.

Globalization hit the accelerator, interconnectivity and communication were enhanced to levels previously thought unachievable. The power of having the internet and its abundant offerings so easily accessible brought mobile applications to life which only augmented over the years.

In the world of crypto, mobile applications leveraged the capabilities of traders, crypto exchanges and other service providers entrenched within the realm of digital assets, such as digital wallets and currency-converters. More importantly, crypto exchanges like BITmarkets have gone mobile as it’s necessary to meet the high expectations of crypto traders, investors and speculators.

A crypto exchange can bring a lot to the table on desktop, but it will fail to cater to the demands of a colossal market segment if its services aren’t available on a user-friendly, ingenious and clever mobile app.

Having an easily-accessible and utilitarian mobile application is a must for crypto exchanges, as crypto fanatics are all about rapid access to data. Whether you’re on-the-go or in bed, you want to be the first to know the latest news & information of the assets you trade, or at least those which you’re following.

It’s information which moves financial markets, and crypto markets are no exception. The trends of the round-the-clock cryptocurrency markets are heavily driven by information and statistics, in the form of fundamental news, technical readings and captivating sentiments.

As the world is rapidly evolving and is in constant motion, information spreads within seconds and markets subsequently move. A crypto app with live price feeds and fresh revelations will provide traders with valuable insights that’ll allow them to ride the wave of profitability.

Not just that, but crypto apps are mandatory for crypto exchanges with regards to the practical availability of the services themselves. Let’s say that you’ve just read a tweet from Elon Musk which is encouraging users to buy Dogecoin for some reason, perhaps because it will actually go to the moon this time.

Given the volatile nature of cryptocurrencies, it’s more likely than unlikely that the price of Dogecoin will soar, but then, traders will cash-out.What if you didn’t have a mobile application where you can quickly deposit some cash and buy Dogecoin in a matter of minutes? You’ll become at risk of missing the short-lived opportunities which arise in crypto markets, and these opportunities can come & go in a flash.

Therefore, crypto exchanges must have a handy mobile application where users can easily maneuver through it and take advantage of the lucrative opportunities that emerge.

One more reason, folks, and this is in favor of the exchange itself. Day-by-day mobile users are undoubtedly increasing, and having a mobile application for the crypto exchange will attract more users. Increasing the user-base and user activity of a trustworthy application will ultimately boost brand reputation, as more users are enjoying the top-tier services of the exchange.

BITmarkets provides a mobile application which guarantees speed, simplicity and the utmost levels of security. Available on Android & iOS-powered devices, the industry-leading BITmarkets app provides the platform to engage in seamless spot, futures and margin trading in over 100 cryptocurrencies.

On the advanced BITmarkets application, users can easily deposit & withdraw money, conveniently trade, convert and hold cryptocurrencies, alongside access to other ingenious services such as the All-in-one Order Book which promises deeper liquidity, fairer pricing and a larger variety of selection.

Pair that with top-tier client support, and viola! You have the perfect crypto trading experience. BITmarkets’ support is indeed unmatched. It was awarded with the Best Crypto Exchange for Customer Service accolade at the Crypto Expo Dubai in 2022.

Join the BITmarkets community today and enjoy the intuitive services our traders adore.

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Ali Daylami

Head of Data Analytics at BITmarkets