“Exchanges that still bet on excessive leverage will not make it through the crypto winter,” says Toya Zhang CMO of Bit.com

The cryptocurrency market is at a turning point. Businesses will either pivot and successfully weather the storm or suffer the consequences. The future format of crypto services will be a combination of Web 2 and Web 3, exchanges must prioritize an aggregate client-centric and on-chain service approach; those who still bet on excessive leverage will not make it through the crypto winter.Toya ZhangCMO of Bit.com.

Bit.com, the comprehensive cryptocurrency exchange suite established as part of the Matrixport ecosystem, participates as a diamond sponsor alongside industry pioneers and biggest players in the crypto options market at the European Blockchain Convention (EBC) 2022, where these topics will be at the heart of the discussions.

The EBC is a 3 day event at Barcelonawhich will see over 1,500 attendees and feature over 120 speakers through a variety of panels, workshops and fireside chats on the current environment of blockchain, crypto, DeFi, NFTs and of Web 3.0.

This event comes at a time when traditional and digital financial markets are in turmoil, with an ongoing conflict in Ukraine and significant market uncertainty. Chaos erased more than 2 trillion dollars in value out of the crypto market, with institutions going bankrupt and retail investors losing their life savings.

With skepticism at an all-time high, the general public lacks trust in those they see as the responsible stewards of their assets. As a result, many companies are taking this time to focus on finding ways to maintain trust with their investors.

“To stand out, exchanges like ours will need to provide real value to consumers with services and tools built with cutting-edge simplicity.” Leslie HsuBit.com

Despite the market upheaval, Goldman Sachs estimates that 16% of adults in the United States have invested, traded or used cryptocurrency. While this means there is greater exposure to market volatility, it also reveals a growing trend that people continue to be interested in learning about and investing in cryptocurrency, especially if the offer is quality, safe and easy to use.

“Clearly there is demand for the industry to continue, but it is likely to become more trade-oriented. Our clients trust us as a self-regulated, risk-advanced firm that is efficiently managed by a portfolio and friendly to options traders. Leslie Hsudirector of business development at Bit.com.

At EBC, Toya Zhang and Leslie Hsuwill further share the ins and outs of how businesses and crypto exchanges will need to adapt to survive these turbulent times.

For more information, please contact:
Cameron Smee – +447436871848 – [email protected]

Photo – https://mma.prnewswire.com/media/1848254/Bitcom_Toya_Zhang.jpg

SOURCE Bit.com