Categories: Bitcoin Business

ETHBITS Breaks $1 Million Barrier for New P2P Cryptocurrency Exchange

Click here to view original web page at news.bitcoin.com

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Cryptocurrency exchange provider Ethbits has broken the $1M barrier in the crowdsale of it’s ETB token. The blockchain startup is building Ethbits Local, an exchange, currently in beta, that facilitates secure trades between people from bank accounts to cryptocurrency. Following the crowdsale success, Ethbits Local will expand it’s offering with iTrade, a new peer-to-peer social trading platform that offers copy trading across 15 new cryptocurrency pairs. Traders can learn from their peers and experienced traders can earn rewards for growing a follower base.

To date, 570 participants have contributed more than 11,400 ETH to see the platform developed. ETB tokens will play an essential role on the trading platform in the form of exchange fees. Participants will also qualify for quarterly dividend payouts of at least 11% of profits. Ethbits CMO and co-founder Matt Radbourne had this to say;

‘We are completely humbled by the support for Ethbits – to raise $1M with still one week left to go on the crowdsale puts us in a great position, we are excited to now be able to bring our vision for Ethbits to life. The pre-sale of ETB tokens has raised much needed funds for development and launch of the platform’

Ethbits Local is readying itself for launch immediately after the sale ends on 13th May. The addition of iTrade will take a little longer to develop and is slated for release at the end of the year. iTrade will enable face-to-face trades across a range of cryptocurrencies. To help facilitate this feature, Ethbits recently partnered with BCB ATM – an expanding Bitcoin ATM service based in the UK. Ethbits iTrade platform will be linked to BCB ATM’s to help people find crypto traders in their local area.

There is still a week to run on the crowdsale and with every 1000 ETH raised, Ethbits will provide token holders an additional 1% in dividends. The crowdfund will run until 13th May at 5pm UTC. To get involved see https://ico.ethbits.com.

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

  • Bitcoin Business

HALVING ‘MYTH’: Is everyone wrong about the Bitcoin halving?

HALVING ‘MYTH’: Why everyone's wrong about Bitcoin’s halving price spike Miners are accumulating and retail investors are piling in, in… Read More

1 hour ago
  • Bitcoin Business

Is Coin Market Cap STILL Providing False Volume Data?

Coin Market Cap , one of the most popular cryptocurrency analysis sites around, is allegedly reporting fake volumes all over… Read More

1 hour ago
  • Bitcoin Business

Crypto Base Scanner Team Releases An Ultimate Trading Software Service – The altrady Application

altrady is an online cryptocurrency trading application that provides a convenient platform for traders to buy and sell Bitcoin and… Read More

1 hour ago
  • Bitcoin Business

Tron Price Crashes by 20% as Justin Sun Stands Warren Buffet up

Today is not a great day for all of the Tron holder sin the cryptocurrency industry. Although this altcoin still… Read More

1 hour ago
  • Bitcoin Business

Bitcoin Hyper Launches the World’s Fastest Bitcoin, a Cryptocurrency for Real World Use

SLIEMA, Malta, July 23, 2019 /PRNewswire/ -- Bitcoin Hyper ("BHY"), an innovative new cryptocurrency that provides consumers with the ability… Read More

1 hour ago
  • Bitcoin Business

The Libra’s Cold Reception from Congress Shows Why We Need Bitcoin

Photo by André François McKenzie on Unsplash The hostile receptions Facebook's Libra coin received should be viewed as a validation… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More