CoinDeal takes over the derivative market on its platform

CoinDeal, cryptocurrency exchange with Polish pedigree, made another strategic move to develop its cryptocurrency ecosystem and give its users a complete set of tools to multiply their capital. The stock market already has a wide range of services offered. It has, among others: OTC trading, advanced PRO platform with Social Insight tools and a staking platform. There is also a wide range of active markets available on a user-friendly panel. To this whole set, a cryptocurrency derivatives exchange platform has been added.

UPDATE: COINDEAL EXCHANGE ENDS OPERATION ON FEBRUARY 19, 2023

Derivatives in CoinDeal

By taking over the platform BBOD, CoinDeal provides a comprehensive environment for trading digital currencies, enabling users not only to actively participate in trading digital currencies and multiplying capital, but also opens the door to the world of derivatives. The user gets the opportunity to generate positive rates of return both on increases,  as well as price drops, and for  with the help of leverage (max. 1:50) it can increase the allocation to invested assets while requiring a relatively smaller deposit.

takeover Blockchain Board of Derivatives (BBOD Exchange) offers wide possibilities of trading on cryptocurrency derivatives, thanks to which the user can:

• diversifying your portfolio,
• taking advantage of more investment opportunities (earning on increases and decreases),
• obtaining above average profits by using leverage,
• wallet hedge
• access to a large number of assets with greater liquidity.

Alex Strzesniewski, COO CoinDeal, said:

“The crypto derivatives market is currently booming. We are seeing a drastic increase in the volume of trading in the crypto derivatives markets compared to the spot markets. If this trend continues, the vast majority of volume will come from the derivative markets. BBOD has developed an amazing platform and we are all excited to be working with them. "

Kuba Ruczyński, BBOD CEO, added:

“Our goal is to provide the user with simple and convenient derivatives trading solutions and to integrate our unique technology with CoinDeal's huge customer base. We are proud to have the opportunity to cooperate with one of the fastest growing cryptocurrency exchanges ”.

The BBOD platform also has its own token - BBD Token - which is already available on the CoinDeal exchange. It can be traded in tandem with Bitcoin. BBD Token gives the user many opportunities that they can use on the platform. These include, among others, reductions in transaction fees, a chance to participate in trading competitions and many more.

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