Bitcoin exchanges and cryptocurrencies around the world are competing to offer various features to make it easier for users and investors to trade. BiUP, headquartered in Malta, Europe, for example, recently introduced the Integrated Crypto IEO Trading Zone service.
This feature allows users to trade crypto from all Initial Exchange Offering (IEO) projects worldwide. IEO is the latest phenomenon in the world of cryptocurrencies as a way to raise investment funds from the public, aka crowdfunding. Before IEO, what was phenomenal was the Initial Coin Offering (ICO) which is now starting to fade.
If ICO is held directly between the issuer of crypto assets with the public, then IEO is held through a third party, namely through an exchanger alias the crypto-asset exchange.
In this way, the level of public trust is higher, because the stock manager will first filter out the crypto that is about to be offered to the public. In fact, the public can play a role by giving votes.
IEO is more competitive with securities-based Security Token Offering (STO) such as stocks, bonds or mutual funds. The difference is that the STO screening process is carried out by an official state institution, then the IEO is conducted by the crypto exchange together with the crypto ecosystem itself.
BiUP in its official statement said the Integrated Crypto IEO Trading Zone feature is the first in the world because it can integrate all the IEO available on other crypto exchanges in one BiUP.com platform. Interestingly, BiUP users who use this feature are free of charge.
“New users only need to register with BiUP. Then they can directly use the Integrated Crypto IEO Trading Zone feature to trade IEO crypto cross-exchanges at no charge. If users want to participate in the IEO cross-exchange event, they can use the IEO Quick Snap and One-Stop Snap functions. at BiUP.com, “BiUP CEO Patrick Liu said in a press release launched on Tuesday (9/4/2019).
The popularity of IEO is not a figment. Through the Binance Launchpad feature in Binance, which is the largest crypto exchange in the world, after BitTorrent crypto ( BTT) was traded, within 3 minutes, the price was immediately hoisted up to 20%.In the same exchange, there were also crypto FETs which also received great attention from investors.
Crypto Celer, which was recently launched at Binance Launchpad, is provided at BiUP. The price also increased to 3.5 times, from USD0.0067 to USD0.04.
At present, BiUP serves users from Asia, Europe, and North America. Especially in China, South Korea, Indonesia, and Vietnam, as the largest market share.