On March 29, 2021, US payments firm Visa announced that it is planning to allow the use of the cryptocurrency USD Coin to settle transactions on its payment platform. This is not the first mainstream payment platform that enables crypto transaction. In 2020, PayPal, an American online payment company, began to let its users invest cryptocurrencies on its platform. The fact that more and more big online payment firms offer crypto transaction services indicates the huge potentials of cryptocurrencies. The increasing popularity of cryptocurrency has led to growing need of crypto trading from global investors. Bityard, a Singapore based crypto derivative exchange, hence, focuses on creating safe and reliable access for those investors to trade crypto assets.
Bityard, founded in 2020, provides professional crypto contract for difference (CFD) and spot trading services in more than 150 countries, including Thailand. People can easily buy and sell Bitcoin as well as other types of altcoins on Bityard.
In 2020, before the bull market started, Bityard keeps improving its CFD trading service, bringing popular coin trading pairs to its users. For most investors and traders, it is possible to earn money in both bull and bear market with a proper trading strategy.
At the end of 2020, Grayscale, a cryptocurrency investment company, started to buy and hold significant amount of Bitcoin, which partly caused the rise of Bitcoin bull market. When Bitcoin got close to $20,000, the need of spot trading increased, and Bityard, therefore, launched its crypto spot trading service to meet the need.
Furthermore, Bityard has developed a convenient system which allows every user to copy experienced traders on its platform. The system is called Copy Trade. On Bityard, traders with good performance can apply to become listed. Once getting listed, other Bityard users can follow and copy the trading activities of the experienced traders, which will benefit crypto newcomers in many ways.
Right now, Bitcoin has been back to above $55,000, and the bull market shows no sign to end. Bityard, at the same time, is working on optimizing its services, hoping to bring its users a better trading experience.