PRESS RELEASE. BKEX (Chinese name: 币客) is a global cryptocurrency exchange that offers trading services for over 1,000 cryptocurrencies (such as Bitcoin, Ethereum, etc.). BKEX, founded in 2018 in the British Virgin Islands, is considered to be the best cryptocurrency exchange in terms of service. Its core philosophy is user-first and user-centric.
Chinese name: 币客
English name: BKEX
Establishment time: 2018
Established in: British Virgin Islands
Slogan: Make cryptocurrency circulation more valuable
Business scope: Blockchain digital asset transaction Cryptocurrency transaction
BKEX acquired more than 8 million users since its establishment and it has a multi-billion dollar trading volume on a daily basis. BKEX product matrix covers contract trading, spot trading, OTC trading, cloud mining service, wealth management and other sections.
Main Features Of BKEX
The BKEX contract supports ten transaction currencies: BTC, ETH, EOS, LTC, BCH, XRP, DOT, LINK, UNI, and FIL, and provides users with a 1–100 times leverage. Users can assign and select the leverage multiplier flexibly based on their own positions. The crypto market is very volatile, and users can take use of BKEX’s preset stop order, market-add, reverse-open, and other features to deal with huge market fluctuations.
There are over 1000+ quality cryptocurrency pairs supported by BKEX. The platform supports fiat currency trading in THB and it will soon add trading with USD, EUR, GBP, AUD, RUB, etc. Users can trade leveraged ETPs (BTC5L, BTC5S, ETH5L,etc.) as well as perpetual contracts for BTC, ETH, LTC, BCH, EOS, XRP and dozens of other cryptos.
BKEX also supports market orders, limit orders, and trigger orders to adapt various transaction styles. Furthermore, when opening a trade on BKEX, traders can choose two modes, called double position and multiple position.
If you don’t want to trade, you can still use BKEX for their project mining pools. It’s possible to lock your digital assets and receive APY up to 35%! You can also stake certain cryptocurrencies with flexible unlocking and receive competitive APY as well.
BKEX Hierarchical Liquidation Mechanism
When users enter a leveraged trade and it goes against them, the trade will be liquidated and the trader loses all funds in the position. However, BKEX is using a hierarchical liquidation mechanism that will cut your position gradually. When it reaches its minimum balance, the position gets completely liquidated. This can greatly reduce losses and improve the trading experience for users.
Token Information (BKK)
BKEX’s token BKK has been launched in early 2020 and it has an $8.5 million market cap at the moment. There’s a max supply of 164 million BKK tokens and there is a consistent trading volume on this cryptocurrency. Currently, BKK is listed only on their exchange BKEX and CoinEx.
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