BITmarkets Delivers its Crypto Message in Singapore

BITmarkets Chief Operating Officer Peter Sumer has relentlessly took the crypto show on the road. This time, he represented BITmarkets at the largest largest event of its kind on the Asian sub-continent: Crypto Expo Asia!

The exchange’s Singapore presence follows on the heels of Crypto Expo Dubai held earlier this year. BITmarkets COO Sumer took the stage, sharing his views on the hot topics as decentralized finance (DeFi), smart contracts and margin trading. 

When asked by reporters about what BITmarkets brings to the table in the crypto world, Sumer reiterated the company mission which is to continually strive towards making cryptocurrencies accessible to all, and systematically growing the listing of cryptocurrencies that can be traded.

Singapore – Best Crypto Exchange 2023

We were honored to get recognized for our efforts. In the words of Sumer: “The award is as much of an obligation as it is an award and we will not sleep on our laurels, keep pushing to get the word on crypto out there into the world”.

In addition to that, Sumer added that BITmarkets has "a support framework in place for traders who are just starting out. We walk them through the process by giving them free access to the latest news and crypto trends and a host of educational resources with our Academy.”

Key takeaways from COO stage time

- Decentralization of finance brings several key advantages to clients in the market for lending and borrowing services. For one, these types of transactions come with no maturity of loan repayment. Then, there is the potential to draw leveraged loans.

- Collateralization is commonly used by borrowers to reduce credit risk for the creditor and enhance the loan’s credit rating. Over-collateralization is a real thing in DeFi transactions, whereby an asset value used as a collateral on a loan exceeds the loan value.

- Flash loans come with the unique benefit of being able to borrow money from the smart contract without any collateral. These loans can be used to jump on a quick investment opportunity on the crypto market and generate profit.

- Margin trading allows for traders to benefit from spot and margin valuations of their favorite digital currencies. For their trades, borrowers get access to instant credit. To secure a loan, they have the option to choose from multiple assets for the loan collateral.

Last but least, borrowers in the DeFi system can look forward to benefiting from great leverage flexibility.

Dive deeper into the topics shaping the world of crypto:

Video recording on decentralized finance, margin trading and more!

Informative blog on decentralized transactions and effective lending & borrowing.