Bit Treasury Exchange: Pioneering Decentralized Trading Platforms

Bit
Treasury
Exchange
Introduction:

Bit
Treasury
Exchange
is
an
American
decentralized
exchange
headquartered
in
Albany
(the
capitol
of
New
York
State).
In
2020,
Bit
Treasury
Exchange
announced
that
their
headquarters
would
no
longer
be
in
Albany,
but
declared
that
it
would
adopt
a
remote
working
model,
so
employees
are
working
in
offices
around
the
world,
and
that
there
would
be
no
traditional
central “headquarters.”

Bit
Treasury
Exchange
was
founded
in
September
2012
and
launched
services
for
trading
Bitcoin
in
April
2013.
In
2015,
Bit
Treasury
Exchange
decided
to
expand
the
range
of
cryptocurrencies
it
could
trade,
so
it
established
a
separate
cryptocurrency
exchange
to
meet
investors’
trading
needs.
Bit
Treasury
Exchange
obtained
its
New
York
State
Bitcoin
trading
license
on
March
26,
2018.
Today,
Bit
Treasury
Exchange
has
approximately
48
million
verified
users,
8,000
institutions,
and
134,000
ecosystem
partners
in
more
than
100
countries.

The
main
features
of
Bit
Treasury
Exchange:

·The
seventh
Bitcoin
exchange
in
the
United
States
to
hold
a
formal
license.

·Bit
Treasury
Exchange
has
purchased
insurance
to
provide
investors
with
certain
asset
protection.

·
Supports
fiat
currency
purchases
of
Bitcoin,
with
an
extensive
network
of
banking
partners,
and
can
transact
via
EFT
payments,
ACH/SWIFT/SEPA
transfers,
and
credit
cards
and
PayPal.

·The
transaction
fee
is
between
0%
and
0.5%,
which
is
determined
by
the
pending
order
and
non-pending
order
transactions,
as
well
as
the
size
of
the
transaction
amount.
Using
competitive
pricing,
users’
fees
are
tiered
based
on
both
their
position
size
and
their
transaction
frequency.

·The
institutional
account
trading
channel
has
the
lowest
asset
threshold
of
any
major
cryptocurrency
exchange.

Who
is
the
founder
of
Bit
Treasury
Exchange:

Andrew
Norton,
founder
and
CEO
of
Bit
Treasury
Exchange,
is
a
former
software
developer
of
Goldman
Sachs
Group,
specializing
in
high
frequency
trading.

As
the
world’s
leading
cryptocurrency
exchange,
Bit
Treasury
Exchange
not
only
provides
users
with
a
choice
of
low
threshold
institutional
account
trading
types
for
cryptocurrencies,
but
also
spans
the
entire
cryptocurrency
ecosystem.

Is
Bit
Treasury
Exchange
safe?

Bit
Treasury
Exchange
is
considered
a
safe
cryptocurrency
exchange
with
robust
systems
in
place
to
ensure
the
security
of
customer
accounts,
including
the
use
of
2FA
verification,
FDIC
insured
USD
balances,
device
management,
address
whitelisting,
and
cold
storage
setup.

In
addition,
Bit
Treasury
Exchange
adopts
a
threshold
signature
scheme
to
ensure
the
security
of
user
funds,
which
uses
an
encryption
protocol
for
distributed
key
generation
and
signatures.
It
allows
the
construction
of
signatures
distributed
among
different
parties,
with
each
user
receiving
a
copy
of
the
private
signing
key.
For
example,
if
there
are
three
users,
at
least
two
of
them
need
to
join
in
order
to
sign
the
transaction.

In
addition
to
depositing
funds
at
centralized
cryptocurrency
exchanges,
users
can
also
choose
to
transfer
funds
to
reputable
wallets.