Big news! Bitcoin trading network BtcTrade platform launches Ethereum (ETH) trading

BtcTrade, one of the three well-known Bitcoin exchanges in China, announced today (August 22) that it will launch Ethereum (ETH) trading. ETH is the world's second largest digital currency by market value, second only to Bitcoin.

Why did btctrade.com launch Ethereum?

Zhang Shousong, CEO of Bitcoin exchange BtcTrade, told reporters that Bitcoin exchange has always been open to excellent digital currencies and pays more attention to the technical aspects of digital currencies. It hopes to increase market attention to and application of Ethereum by supporting Ethereum transactions.

So, what is Ethereum?

Ether (ETH) is a digital token of Ethereum. Developers need to pay Ether (ETH) to support the operation of applications. Ether, like other digital currencies, can be bought and sold on trading platforms. In layman's terms, Ethereum is an open source platform digital currency and blockchain platform that provides developers with a platform to build and publish applications on the blockchain. Ethereum can be used to program, decentralize, guarantee and trade anything, including voting, domain names, financial exchanges, crowdfunding, company management, contracts and most agreements, intellectual property rights, and smart assets that benefit from hardware integration. If you imagine Ethereum as a new world, then Ether is the currency that flows in this new world, supporting the operation of this new world, and can be used to pay utility bills and purchase services. It is also the financial blood of the entire new world.

Does BtcTrade charge fees for listing Ethereum (ETH)?

The reporter learned that Ethereum (ETH), which will soon be launched on the BtcTrade platform, will not charge transaction fees, just like Bitcoin.

Can ETH be leveraged?

It is reported that the Bitcoin trading network BtcTrade platform supports Ethereum's financing and currency lending functions. Ordinary users support triple leverage, and VIP users are open to quadruple leverage. In simple terms, it supports both long and short positions.

The launch of Ethereum trading on a well-known domestic Bitcoin trading platform is a great thing for investors in terms of trading experience, user demand and security.

Bitcoin trading network: btctrade.com