BitForex Announces Acquisition of BitStar, Marching Towards Offering Derivatives Trading
NEW YORK, July 12, 2018 (Newswire.com) - The fastest growing one-stop-shop for digital assets exchange BitForex announces its wholly-owned acquisition of BitStar, a digital currency derivative exchange. According to official reports, BitStar is the world’s first exchange to launch ETH and BCH futures contract. It was ranked among the world’s top 10 exchanges only three months after it was launched.
BitForex is officially entering the field of derivatives trading through the acquisition of BitStar. It will launch futures contract trading this month (July 2018) and option trading still this year.
BitForex promises that to keep the current benefits of BitStar’s original users, BitStar users’ accounts migration to BitForex will be completed as soon as possible in a timely manner, and BitStar’s users can log into BitForex.com by using their original BitStar account username and password. Furthermore, for BitStar’s STC holders, BitForex will convert the BitStar platform coin STC to the upcoming platform currency of BitForex (BF Token) in a ratio of 3:1. BitStar will, as a sub-brand of BitForex, make available an open digital currency quantitative trading service supply platform in the near future.
BitForex (www.BitForex.com) is the world's leading digital assets trading platform dedicated to providing users with safe, professional and convenient digital assets trading services. BitForex effectively operates from the user’s point of view and uses its profound knowledge on the Blockchain to select high-quality currencies for global users, leading the trend of blockchain technology. The company is headquartered in Singapore, registered in the Republic of Seychelles, has independent operating teams in Germany, Estonia, Hong Kong, Malaysia, the Philippines and other countries and regions. It has currently users in more than 86 countries.
The core members of the team are all from world-renowned financial and IT companies such as Merrill Lynch, World Bank, McKinsey, Microsoft, Tencent, etc. At the beginning of its establishment, it received an investment of 20 million US dollars. BitForex has created trading pairs for approximately 100 different coins and tokens, among which over 30 are the world’s famous launched projects. BitForex’s great market liquidity and options of currency trading provide its users with an extraordinary trading experience. The continuous airdrops are also highly welcomed among its users. BitForex has risen rapidly in the exchange market. As of July 12, BitForex has been ranked 5th on CoinMarketCap.