BITFYE launches cryptocurrency derivative exchanges with third-generation matching engine

Recently, BITFYE Ltd announced the launch of, the third generation cryptocurrency derivatives exchange with powerful matching engine, which has been in development for three years.

According to the official website, Bitfye’s third-generation high-performance matching engine, which can support over 2 million matches per second, is at the top of the industry. As the core technology of the exchange, a powerful matching engine implies a quality trading experience. The performance of the matching engine determines the stability of the trading market and thus the price advantage over others, especially in heavily fluctuating market conditions the liquidation risk. With core team members, senior executives, from well-known cryptocurrency exchanges, Bitfye is backed by Spark Capital, Parallel Ventures and other leading VCs in the blockchain industry.

Bitfye has launched a variety of cryptocurrency perpetual contracts such as BTC, ETH, XRP, and LTC with a maximum leverage of 100X, and users are free to choose between cross and isolated margin modes. To meet users’ demands for opening and closing positions quickly, Bitfye supports both Market Orders and Flash Close to ensure users can close their positions when the market is volatile. In addition, the Stop Loss and Take Profit feature, which is very important for users, has been introduced, which allows users to take profit or stop loss before or after opening a position. The Stop Loss and Take Profit feature frees users from constantly staring at the screen and automatically triggers a trade when a preset price is reached.

In terms of asset security, Bitfye has always adhered to the reserve ratio of 100% to ensure users’ assets can be redeemed permanently and rigidly. At the same time, assets are managed separately in hot and cold wallets with multiple signatures to avoid hacking or risk of funds from a single node.

Every customer is a VIP in Bitfye

Bitfye supports 24/7 multilingual customer service, users can ask any questions through online or community customer service to ensure users enjoy the highest level of customer service in the industry on top of their trading experience.

Bran regularly reminds the team of this. “Every user is a VIP and hopefully we can embed that in our minds and hearts and make it a part of the team culture.”

With its good trading experience and customer service, Bitfye now has a group of loyal users in Asian countries including Japan, Vietnam, India, Indonesia and South Korea, and continuously updates its products based on user feedback. We believe Bitfye will stand out from the rest of the exchanges in the future and become the new industry leader.

media contact

Company name: Bitfye
Contact: Bran Guo
Country, City: Singapore
E-mail:[email protected]

Company name: Spark Capital
Contact: Leon Hu
E-mail:[email protected]

Company name: Parallel Ventures
Contact: Selina Zhou
E-mail:[email protected]

media contact
Name of the company: Bitfye
E-mail: Send e-mail
Country: Singapore

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