Bitmart is a cryptocurrency trading platform that allows users to buy, sell digital currencies, NFTs and earn income on their crypto assets held. Founded in 2017 by Sheldon Xia in the Cayman Islands, this trading platform is present in South Korea, China and the United States. It went public on March 30, 2018 and has obtained a money service license under FinCEN in the United States.
Bitmart’s offers: Trading, Lending and Saving in crypto
Like most cryptocurrency trading platforms, Bitmart offers a variety of products such as margin trading, futures trading, derivative contracts, spot trading options, lending and crypto savings products. In addition, Bitmart launched its own token, the Bitmart Token (BMX) in 2018, which offers holders discounts on trading fees and other exchange-specific benefits.
Bitmart and its global community
With over 9 million users worldwide, Bitmart was recently ranked by CoinGecko as one of the best exchange platforms for cryptocurrency trading training.
Security at Bitmart
Regarding its security, Bitmart faced a major challenge in 2021 when it lost over $196 million in user funds due to a security breach targeting traders’ private keys. In response, Bitmart founder Sheldon Xia assured affected users that the platform would reimburse them.
Bitmart’s unique features
BitMart Token (BMX)
The BitMart Token (BMX) is the token of the BitMart platform. It operates on the Ethereum blockchain and follows the ERC-20 standard. BMX holders benefit from reduced transaction fees, regardless of the cryptocurrencies they trade.
Bitmart Earn
Bitmart Earn is a unique solution for BitMart users who want to earn passive income with their cryptocurrencies. It offers a host of products for earning crypto rewards.
BitMart Elite
Bitmart Elite is a Web3 NFT-based monthly membership program that gives members exclusive benefits and a premium experience on BitMart.
Bitmart and cryptocurrency support
BitMart supports over 1,000 cryptocurrencies, including Bitcoin, Ethereum, Shiba Inu, Dogecoin, Baby Doge, Tether, Floki Inu, Polygon, Litecoin, ApeCoin, USD Coin, Aave, Hedera Hashgraph, Filecoin, Avalanche, etc.
