BitZ

BitZ was founded in 2016 in Hong Kong and is the platform for trade in assets of a blockchain, for January, 2020 it has branches in ten countries and regions, including Singapore, Japan and South Korea. The mission of BitZ - to provide safe and effective services.

Performance Indicators

2020: the 24-hour trading volume in 10 days was $1.75 billion

On April 1, 2020 the BitZ company reported that for the last several days traffic on the official site and in applications grew in comparison with a previous period, and the trading volume remained at the high level. It is an evident indicator of growth of the cryptocurrency market. So, as of March 31, 2020 the total 24-hour trading volume of BitZ for the last 10 days was $1.75 billion, and daily average indicators of each of trading days were similar, the last acute fluctuations of a rate of bitcoin are recorded on March 15, 2020. The similar trend is noted also by other Chinese cryptocurrency exchanges: Huobi, Binance, OKEx.

During the last 10 days the BitZ exchange started a number of contract campaigns in the Chinese and Russian markets and also a number of projects with nonbasic cryptocurrencies, such as Dynamite (DYNMT), SENbit Global Token (SGT) and Russell Coin (RC) in which a large number of users trades. Growth of the market of cryptocurrencies is also promoted by activity of cryptocurrency community of China: many Chinese users are ready to participate in the AMA-sessions (Ask Me Anything) of the different cryptoexchanges for information exchange about trade in cryptocurrencies.

Most the Chinese exchanges implemented trade methods with leverage and futures contracts that users could earn money on volatility of the market. For example, BitZ started a credit product with a zero interest rate and constantly optimizes the contract products to satisfy the growing requests of users, told Chiang Shun, the founder and the CEO of the BitZ cryptoexchange

On growth of the world cryptocurrency markets including Chinese, the situation in the traditional markets, including gold and oil substantially influences. So, on March 31, 2020 the spot gold price rose sharply by 5% up to $1629.85 for ounce, and futures for gold in the USA rose in price for 5.95%, up to $1660.80 for ounce. The reason of such growth – the shortage of liquidity in world financial markets. And after the declaration on March 23, 2020 the U.S. Federal Reserve about unlimited quantitative easing and buying up in the unprecedented volume of treasury and mortgage bonds, many investors switched to cryptocurrencies, the price of bitcoin punched a level in $6900 and was stabilized above.

Increase in the trading volumes in China will cause growth of other regional cryptomarkets. The cryptocurrency is the decentralized global industry, and growth of trade volumes at the Chinese exchanges will influence indirectly world price fluctuations of principal currencies – bitcoin and air. Mood of investors in the cryptocurrency market quiet and weighed. Many users of BitZ could earn from the long and short positions at the futures trading during the last cycle of market fluctuations. The situation in the Chinese market to some extent reflects the relation and moods of the main investment groups on cryptocurrency.

2019: In May the trading volume exceeded $ 1.9 billion in 24 hours

According to data of the information platform of digital assets of CoinMarKetCap, in May, 2019 the trading volume on BitZ in 24 hours exceeded $ 1.9 billion, thus, the exchange became the fifth in the world on this indicator. According to forecasts of BitZ in 2020 the daily turnover of the platform taking into account the Russian transactions will exceed $2.2 billion.

Business in Russia

2020: Opening of representation in St. Petersburg

On January 21, 2020 the cryptoexchange from Hong Kong of BitZ announced TAdviser that it opens the representation in St. Petersburg.

BitZ for January, 2020 already works in China, Japan, South Korea, Singapore, Australia, countries of Eastern Europe, the Middle East, North Africa. BitZ also has the license for operations of digital exchange in the USA, Estonia and Malaysia. To opening representations in Russia preparatory work of a command preceded  within half a year. Investments into the Russian project at the first stage made near $5 million.

Investments were directed to preparation of infrastructure, including, to purchase local servers, and on cooperation with the key companies in the market and also on branding, formation and training of a local command. It is supposed that Russia will become the next area of growth.

The Russian market will become an object of long-term investments of the company, and these investments will not be are limited money. The cryptoexchange forms the team consisting of Russian and Chinese specialists who will be engaged in marketing, BD and customer service in Russia. Also the convenience of work to the Russian users will provide the technical BitZ command numbering more than 50 people for January 21, 2020.

In Russia BitZ is going to be focused on cryptocurrency funds and brokers, the cryptocurrencies providing services in exchange at the expense of the OTC platform. Special focus on close cooperation with private investors and traders. The cryptoexchange supports over 200 cryptocurrencies and more than 400 trade pairs. To  On February 7 the first 77 users from Russia will receive into the account 10 USDT, still 699 will receive 20 BZ. In total in the world for the beginning of 2020 there are about 3.5  million users BitZ cryptoexchanges.

In addition to trade in cryptocurrency the BitZ exchange carries out off-exchange transactions, exercises asset management using borrowed funds. BitZ provides financial services, such as transactions with Fiat, digital currency, trade using leverage, transactions with futures and services in financial management. The volume of transactions with fiat currency exceeds 300 million yuans in a day.

Technical support 24/7 is rendered by the professional command which managed in 2016-2019 to protect investments of the users from the hacker attacks.

BitZ long time studied the Russian market. In 2019 the market of Russia was entered by many international exchanges. We analyzed their success story or failures and found out that the Russian users trading in cryptocurrency also willingly invest in development of cryptocurrencies. The industry develops very quickly here. According to BDCenter, traders of cryptocurrencies in Russia make 15% of the total number of global users, ceding only the USA. Their number is even higher than a total quantity of users from China and Vietnam. Besides, Russia is rich with the technical personnel, in the country there are a lot of good cryptocurrency infrastructures, such as Telegram,