PROBIT DIGITAL CURRENCY EXCHANGE: New Korean Exchange

Few things have imploded in global adoption at the scale witnessed by the crypto market.

To accommodate the growth in adoption, and to handle the trade demands of the community, exchanges have launched all over the world. However, the vast portion of exchange developments have been concentrated from the US and China. It’s in the best interest of the community that a decentralized infrastructure is accommodated by a network of exchanges that is well-spread across the world.

A vast portion of exchanges have come out of US and China due to the high Crypto interest rooted in the countries. Interestingly, despite Korea having one of the highest national Crypto trade interest, there’s a limited number of major exchanges from the country; in fact, the highest spot currently held by a Korean exchange is on the 11th spot (by trade volume ranking).

A newly launched Korean exchange, ProBit, aims to diversify exchange presence across the globe, starting with Korea

The Strategy

ProBit Exchange intends to offer over 150 cryptocurrencies. What’s more, this exchange does not accept listing fees from projects. Any project worthy enough to pass ProBit Exchange’s requirements, may list.

This policy will actively protect users from scam projects and hit and runs. A cryptocurrency exchange having no listing fee is very rare – it ensures that the exchange has no conflict of interest in listing projects and aim to list only the very best for its users.

While bitcoin volume is certainly the crown of the market, token trading has seen substantial growth. Thus, exchanges that are friendlier to new cryptocurrencies have a good chance of capturing the one section of the market volume that is still increasing.

Kairotic Power
Sometimes, timing is everything. ProBit has a record-strong matching engine and well-established security measures so it doesn’t need to rely on timely launch benefits to have an edge. Nonetheless, the Korean government remains poised to soon relinquish pressures on the Crypto market. As regulation become ICO-friendly to domestic blockchain startups, an exchange that aims to aggressively extend its token menu will have a strategic benefit in Korea. Newly launched ICOs within the country would gladly welcome a domestic partner.

This isn’t the only kairotic benefit ProBit has.

Just earlier this year, one of the major Korean exchanges was hacked and suffered a major loss in user base. As a vast number of Korean traders have abandoned Bithumb, a new exchange could stand to be their new home.
Given that ProBit gives extra focus on security, it seems that it has placed the set of measures Korean traders will seek.

Global Presence
While ProBit stands to have a competitive advantage within the Korean market as it can create pathos appeal to traders of its own country, it intends to be a global institution.

The exchange is going to allow all holders of PROB tokens to vote on listings. Thus, anyone from anywhere can make an impact on the listings that take place on ProBit, thereby allowing people from all over the world to decide the direction ProBit takes. Also, holders of the exchange’s PROB tokens will allow market-makers to pay fees as low as 0.025%.

This is a record-low fee that will greatly appeal to traders from any country. On another note, given that the trading pairs are not linked to fiat, ProBit doesn’t limit itself to a specific country’s traders. Being friendly to a large amount of cryptocurrencies means the exchange welcomes listings of projects from across the world.

ProBit will first start off with a focus in South Korea and to the other major markets globally. There’s a need for more exchanges from countries other than China and the US as that’s in the best interest of a system that prides itself on decentralization. While the exchange makes a great effort to spread awareness of its developments, it has a strict policy of never paying for marketing with PROB tokens.

Reasons why Investing in Cryptocurrencies is a Must?

Reasons why Investing in Cryptocurrencies is a must?

In 1987, they predicted that the Soviet Union would collapse and a few years later, that’s exactly what happened.On 26th of December 1991, Soviet Union collapse into 15 independent republics, a result of the declaration number 142-Н of the Supreme Soviet of the Soviet Union.

In 1989, they predicted that the Japanese stock long running bull market in Tokyo may be nearing an end. Months later, the Japanese asset price bubble’s collapse in late 1991 and early 1992. And it has never recovered!

In 2000, they predicted the dot com bubble will explode and at the same year, NASDAQ began a two year, 77% decline.

In early 2006, they predicted the crash of the housing bubble along with lender Fannie Mae and Freddie Mac. And a few months later the it’s happened, where according to reports the housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.

And now they predicting the next great world shift will be happened in America. And they believe that it already passed the point of no return. Which means that a crisis is now inevitable and unstoppable.

It will start in the banks, ATM machine or credit card and find that it isn’t working or gone offline, which I experience many times now. And if you made a call to your bank, you will get a prerecorded message from some agency you don’t recognize.

What people don’t see in the 1950’s, the United States began switching over to a new kind of economic system. Which ends the gold standard in 1970’s. The new system made America’s economy what it is. If you’ve ever wondered how America managed to keep going despite every sign pointing to coming collapse.

The trouble is that over three decades ago, there is a fatal flaw in the current system. And as this system keeps growing, so too, does the flaw. When the fiat currency collapse a systemic shock will disrupt live in ways you never imagine possible.

You will suddenly be locked out of your own bank account. Unable to withdraw cash or deposit a check. The stock market will swing wildly out of control. You won’t even be able to access your social security fund.

Like a virus it will affect and spread to the food supply chain, causing massive shortages. The same thing will happen to other industrial networks. And one by one, every service you’ve come to depend on from bank, grocery store, to government agency will shutdown.

You won’t be able to get cash, and without cash you won’t be able to buy food or all other basic needs. And what happen to you then?

Disclaimer:
This is not an investment or financial advice. All views expressed on this site are my own and do not represent the opinions of any entity.

List of Philippines digital currency exchange.

philippines cryptocurrency and digital asset exchanges

As of the writing, there are already three crypto currency or digital assets exchange in the Philippines. One is already live for trading to the public (COINS PRO), while the other two are still on there private beta testing (PDAX & Citadax).

COINS PRO

coinspro digital asset exchange philippines
The Philippines first digital currency exchange exclusive for coins.ph users. Therefore, if you want to trade Philippine peso into cryptocurrency here in the Philippines, you need to have a verified coins.ph account first.

As of the writing, coins.pro offer following trading pairs;

Philippine Peso Trading Pairs
PHP/BTC, PHP/ETH, PHP/BCH, and PHP/XRP

Bitcoin Trading Pairs
BTC/PHP, BTC/ETH, BTC/BCH, and BTC/XRP

Ethereum Trading Pairs
ETH/PHP, ETH/BTC, ETH/BCH, and ETH/XRP

Bitcoin Cash Trading Pairs
BCH/PHP, BCH/BTC, BCH/ETH, and BCH/XRP

Ripple Trading Pairs
XRP/PHP, XRP/BTC, XRP/ETH, and XRP/BCH

How to trade using Coins Pro?
Once your funds are in your Coins Pro account, you can begin trading. Go to the Dashboard and follow these steps:

1. Select the trading pair you wish to trade.
2. Click on Buy or Sell
3. Select the order type.
4. Enter in the amount you wish to Buy or Sell, along with price information, depending on your order type
5. Place your order!

 

PDAX

PDAX digital and cryptocurrency exchange in the philippines
As of the writing, PDAX is still on there private beta testing. As promiss, when it go live PDAX lets you buy, sell and manage crypto currency, utilitytokens, and other digital assets in ther there secure platform. Probably PDAX will carry Bitcoin, Ripple, Ethereum, Bitcoin Cash and Litecoin.

CITADAX

CITADAX digital currency and asset trading platform philippines
As of the writing, CITADAX is still on there private beta testing. But unlike the other, in CITADAX we don’t have any idea what cryptocurrency they will go into.

Conclusion:
Cryptocurrency are years away from mass adoption but one thing I am sure, the masses will be here at some point. They will not stay away forever.