Top 5 Cryptocurrency Companies (Globally and in Thailand)
Cryptocurrency is the most popular digital asset of 2021 with a constant influx of new investors. At this time, the value of the crypto market is up to a trillion dollars. Today GetLinks gathers 5 famous and reliable companies both nationally and globally to traders who are starting to invest in this kind of assets to learn more.
Global:
1. Binance
“Binance” is a global cryptocurrency trading platform with the highest trading volume in the world which traders can buy or sell cryptocurrency in Thai baht. However, before becoming number 1 in the world, it was not a bed of roses for them, and here is the story. Changpeng Zhao (CZ) the founder and his first-generation colleagues faced challenges when the value of Binance had to re-organize by CZ leading the way in transforming Binance into decentralized operations with his global team. He also changed Binance into a high-volume exchange with Low fees and offered clear benefits to the users. Within 6 months after launching, Binance became number 1 in the cryptocurrency exchange market and remains in the position to this day.
The highlight of Binance is they offer very low fees. The users have to pay a fee of just 0.1% each time they use Binance’s platform. Moreover, the higher the volume, the cheaper fee they will pay. BNB coin which is one of the world’s top standard exchanges can also be used as a 10% discount on its fee.
Binance is one of the big players that there are over 2 billion dollars in transactions on Binance from around the world every day. Therefore, their credibility is no doubt.
Source :
https://www.binance.com, https://www.liketradeforex.com
2. coinbase
“coinbase” is a platform for trading cryptocurrencies which is the first listed company on the stock exchange. Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam, with up to 150,000 USD in funding from Goldman Sachs.
In late 2012, the company launched a Bitcoin trading service via bank transfer but the concept of cryptocurrency has not yet been popular back then causing the company’s performance to be not good from too few users. However, coinbase is known as one of the most famous unicorns in the StartUp industry and they received funding continuously
The turning point of the company was in early 2018 when Bitcoin started to be popular. That caused the company to start earning more income by changing more than 50 million users worldwide with more than 300 billion dollars in trading volume per quarter into Digital Wallet. Moreover, they tried changing their concept from the trading website to the ecosystem of the cryptocurrency platform. As a result, coinbase generates 1.8 billion dollars in revenue from this operation. By the ultimate goal of this unicorn was they transformed into a ‘Public Company’ on the stock exchange since April 14, 2021.
Coinbase’s strength is its easy-to-use platform. They are one of the leaders in the industry with very high trading liquidity. Including their IPO in the US stock market make them the ecosystem of cryptocurrencies that provides services such as asset retention, payments, savings, and lending make up 86% of the company’s total revenue.
Source: https://www.stock2morrow.com
3. Bitfinex
Bitfinex is one of the leading cryptocurrency exchange platforms. They started their service in December 2012 and have met their customers’ needs well. Initially, Bitfinex was a peer-to-peer margin lending platform for Bitcoin only. Then, more service for cryptocurrency has been provided by allowing the exchange of EOS, Ethereum, Ripple, Litecoin, NEO, Bitcoin, and other digital assets. Once, Bitcoin used by Bitfinex is severely damaged due to a security breach. Since then, the company’s technology is stronger and more secure
Bitfinex stands out as the fastest and most efficient trading platform. Trading on this platform is most comfortable as compared to other websites with 24/7 support and services. Their service is for those who looking for advanced trading tools with efficiency, privacy, and security. Since Bitfinex is one of the largest trading and investment companies, so for best security, their regulations need to be followed.
Source: https://www.trusted-broker-reviews.com
Thai:
4. Bitkub
Bitkub is a new generation of Exchange Platform for trading digital assets established in February 2018. They provide superior service to normal people to be able to buy, sell and store their digital assets as needed. The company is legally registered with 290 million baht of registered capital. The headquarter office is in Bangkok, Thailand.
Bitkub aims are to connect and integrate blockchain and cryptocurrency with credible and easy-to-use services. This is the first time the Exchange Platform provides a Cryptocurrency and Multi-currency wallet with the technical analysis tools. There is also a service for businesses looking to develop a payment processing system.
Due to the trading websites on Cryptocurrency exchanges compete for a larger number of traders. So, Bitkub highlight service was designed to be easy to use to facilitate traders. In addition, Bitkub’s team has a 24/7 support service to help resolve user problems by their motto is “Our first priority is you” to guarantee of fast deposit/withdrawal which is the service that traders looking for.
Source:
https://www.topicbitcoin.com
https://www.bitkub.com
5. Dopple Finance
Dopple Finance is a platform that primarily operates to exchange Stablecoin which is a stable coin in cryptocurrency because it is based on the price of US Dollar which is an important coin used in large platforms such as Binance, Pancakeswap, DeFi. Dopple Finance also has the best stablecoin exchange rate at the moment with only 0.045% of fee transactions.
The highlight of Dopple Finance is that trading on Dopple Finance can be exchanged for USDT, BUSD, DAI, USDC, UST. The system will show the price comparing Dopple’s rate to the others make it comfortable and easy to use. Yield Farming on Dopple is $DOP has the potential to be higher in value. As well as having a fair amount of stablecoin yield farming that may help to avoid losing of Impermanent Loss and the returns are quite satisfying.
Source: https://gelending.com/dopple-finance
These are 5 companies that offer services for trading cryptocurrencies. These companies are reputable and reliable both in Thailand and abroad. Traders can consider and decide which companies they can trust and use as their trading platform to achieve their investment goals including the expected return. However, traders should study the information carefully before starting to invest.