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Whaleclub, the Etrade of Bitcoin, Crosses $1 Billion in Volume Traded

Whaleclub, a service that allows users to trade the financial markets using just their bitcoin, today announced that it hit $1 Billion in total trading volume amid a surge in demand.

"Whaleclub started with the idea that a trading platform powered entirely by digital currency can operate at significantly less cost,” said Perry Steegen, Whaleclub’s CEO. "These cost savings can then be passed on to customers in the form of low spreads and zero execution fees."

The Hong Kong based company offers its users access to a wide array of markets like EUR/USD, BTC/USD, Gold, Oil, and Apple – completely outside the traditional financial system. By using digital currency instead of fiat and by running on technology built from the ground up, Whaleclub resolves some of the major bottlenecks tied to current trading platforms.

“People just love how quick and easy it is to start trading. All you need is bitcoin,” said Petar Zivkovski, COO at Whaleclub. "Compare that with traditional financial services which can take days to process transactions through obsolete fiat systems. Bitcoin enables a global, low-cost, fast, and private trading experience."

Whaleclub recently announced major updates to its platform with features such as instant 0-confirmation deposits, buy and sell stop orders, and public market sentiment data.

“We couldn’t be happier with the response from the community so far,” said Jessica Lee, Whaleclub’s CMO. “These updates bring a wide range of new and highly requested features to both novice and advanced traders. And we have incredible new features in the pipeline we think customers will love."

“Whaleclub has become an indispensable part of my trading, for me and the traders I work with,” said Paul Gomez, a forex and equities trader from Spain. "I’m thrilled to see the new features and continuous innovation.”

When it comes to security, Whaleclub stores all customer deposits in offline cold wallets, out-of-reach from attackers, and uses high-grade encryption to protect sensitive information. Customers can choose to enable 2-factor authentication for an extra layer of security.

Trading with real funds on Whaleclub is currently not available to residents of the United States. Whaleclub offers demo trading that is available globally.

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Jeudi 16 Février 2017