Streamex Platform Takes Crypto Trading to the Next Level
Since the collapse of the crypto market in early 2018, traders have been trying their best to be patient and wait for good opportunities. Although those opportunities have been few and far between, things may be changing. Bitcoin (BTC) has now surged above 5,000 and overall enthusiasm is now slowly creeping back into the market. Traders may start to find juicy trade setups with more frequency. As such, it’s imperative to have a top-of-the-line cryptocurrency trading platform at their disposal. Streamex.io (STE) has developed a platform that meets the demands of even the most sophisticated cryptocurrency traders.
Streamex is a cryptocurrency exchange platform that caters to both entry-level traders as well as trading savants. The platform is able to bridge that gap by offering features that make trading fun, easy to learn, profitable, and sociable.
Problems with Traditional Platforms
Although there are numerous crypto exchanges that each have certain benefits, they all fail to address the community aspect of trading. In an environment where trading opportunities have become fairly hard to find, being a part of a focused crypto trading community is more important than ever. The social aspect has been a critical component of traditional trading (equity, derivatives, and forex) for years so there is no reason why it shouldn’t also become a huge part of crypto trading.
This is especially important given a recent survey conducted by Blockchain Capital. The survey revealed that 30% of people between the ages of 18-34 would rather invest $1,000 in Bitcoin than $1,000 in stocks or bonds. The survey also indicates that while 42% of millennials have heard of Bitcoin, only about 15% of those above the age of 65 have heard of it. Why is all this important? The answer is that millennials love social media. So, if millennials are the future growth driver of Bitcoin and the broader crypto market, including a community aspect could be a game-changing differentiator.
Streamex Value Proposition
As mentioned already, traditional exchange platforms fall short in a few key areas, mainly, advanced trading features and the social aspect. Streamex was developed with those shortcomings in mind. The following are a few of the many features that the platform will offer:
- Community Trading Pools
- Social Trading
- Gamification and Leaderboards
- Fiat to Crypto Trading
- Margin Trading
- Binary Options
- Trade Alerts
- First crypto exchange to offer trade from chart tools
- 24-hour online support
Although all of these features set Streamex apart from its competitors, the first three features are absolute game-changers.
As shown above, community trading pools will be a huge feature of Streamex. With this feature, a verified trader will be able to create a pool in which other traders can make an investment by purchasing pool shares. Each pool creator will be able to create specific guidelines (i.e. time period, profit share, pool size, etc.). This is really pretty ingenious as it will work fairly similar to that of an ICO presale investing pool. And it will give inexperienced traders the opportunity to entrust their funds to a more experienced trader.
In addition to community trading pools, another huge aspect of the platform will be social trading. Each member will have the ability to create a profile page that tracks trading performance such as profit/loss, trading volume, trading history, geographic location, and account level. Members will able to follow traders through social profiles as well. Additionally, members will have the option of paying a fee in exchange for seeing top performing portfolios and/or receiving trade alerts.
Another great way for members to follow traders will be through the Streamex leaderboards. The platform will rank the best traders based on a variety of factors such as time frames, profit/loss, and volume. Members will be able to follow these master traders and receive alerts based on their trades. As the master traders build up a verifiable and profitable trading history, it’s quite possible this will result in attracting beginning traders to the platform. In the end, that’s great for everyone because we all want to trade in a place with large volume (that isn’t a result of wash trading). Streamex can hopefully accomplish that.
Streamex is expected to launch on June 1st and I will certainly be paying attention to future developments. Being able to use a platform that is easy to use, includes a social aspect, and has the advanced trading features that I need for successful trading definitely make for a winning combination.
Featured image courtesy of Shutterstock.