Cryptocurrency Derivatives Exchange BitOrb Opens for Public Registrations

5 mins read

September 6, 2020 – Established in 2018 with a successful ORBYT token listing in 2019, BitOrb aims to provide a fair, intuitive and easy-to-use experience for all levels of traders and investors alike. Users around the world can now register and get the edge in crypto derivatives trading with its sophisticated features, including the never before seen and patent-pending innovation, the Orchestrator. The soft launch period will include an exclusive promotion to reward users for their journey in the crypto derivatives exchange.

BitOrb was developed from a team of professionals around the world in derivatives trading, mining, hedge funds, audit, banking and martech. The founders of BitOrb envisioned to bring forth intuitive and enhanced solutions to traders, whether professional or novice, while remaining transparent and pro-regulation.

Hoong-Teng Lim, CEO of BitOrb, noted, “the future has arrived. There hasn’t been much fanfare about it and many are still unaware of its existence, and few understand its implications. Blockchain technology is revolutionising the way we transact assets of paper and physical form. It is an age of finance we have never seen before. Full digitisation and representation of any asset in an immutable and secure form, and the freedom to transact peer-to-peer. “

“The BitOrb Exchange enables users to trade futures contracts in an environment that is 100% safe and assured; safe by way of insurance coverage of all users funds held in BitGo custodian services. Assured by the audit of its accounts conducted by BDO, one of the top audit and assurance companies in the world,” he continued to add.

The team built the exchange from ground up with features that tackle key concerns that crypto derivatives traders, from all levels of experiences, have today.

Firstly, BitOrb has a built-in tool called the Orchestrator that has never been made before in the derivatives market. Users can make automated executable strategies by creating orders that are carried out when conditions and trading indicators set by the users are met. This helps them to conduct higher frequency and rule-based trading 24/7 without implementing any programmatic trading tool.

Another key feature that BitOrb offers is the ability to open long and short contracts simultaneously which eliminates the need to do “multi account.” This helps traders to hold longer term positions while taking advantages of moves on a smaller time frame.

Lastly, users who have limited experiences in trading can skip the complexities of a trading interface and complete a trade in 3 easy steps due to the intuitive and easy-to-use design.

Non-trading users can also leverage on BitOrb’s native token, ORBYT, which was built using the TomoZ protocol as part of the long-term partnership with one of the world’s largest blockchain provider, TomoChain. By staking ORBYT tokens onto the exchange, users can access to the company’s profit share, referral commissions and competitive trading fee discounts up to 30% off taker fees. The more tokens they stake, the more amount of benefits they can enjoy.

“At BitOrb, we are very excited to move into the next chapter and drive fundamental value for our shareholders and ORBYT token holder,” said Joel Ives, CFO of BitOrb.

He added, “investors and traders can acquire ORBYT tokens on the Hotbit exchange as well as Tomomango DEX. We look forward to providing investors with financial updates and potential further listings for the ORBYT token.”

The trading platform currently supports Bitcoin (BTC) contract and will be adding new products in the near future including Ether (ETH) and other commodities to attract retail users outside the cryptocurrency market.

In the meantime, users can create a BitOrb account and get rewarded with exclusive prizes for their exchange journey with the soft launch promotion. These prizes include monthly giveways of Bitcoin trading bonuses, ORBYT tokens and trading fee discounts.