Review on BitMax by toan van
BitMax emerging exchange with unique mechanism
BitMax is a cryptocurrency exchange invested by many of the largest Blockchain institutions and organizations in the Blockchain industry, with prominent names: Bitmain, FPG Capital, GBIC, DAHUA Capital. Bitmax focuses on transparency, reliability and product quality so it has attracted a large number of users to use the platform. The exchange used to trade more than 10 billion dollars (including derivatives) on Coinmarketcap, surpassing the big names like Binance and Huobi. In addition to spot trading, BitMax also features margin trading and futures contracts.
BTMX is an ERC20 standard token created by the exchange with a reward mechanism for users when trading on it.
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Pros
- Strong team and investment from large funds like Bitmain
- Users will be rewarded with BTMX for trades on BITMAX
- Diverse ecosystem with spot products and derivative products
- Very large trading volume
- Support trading BTC, ETH, DOGE and many Alts
Cons
- After gaining a user base, it seems that BitMax has grown slowly
