As the crypto and blockchain industry continues to develop, many would agree that the United Arab Emirates has become a hub of sorts for all things pertaining to cryptocurrencies. After all, Dubai hosted this year’s World Blockchain Summit and even Binance CEO Changpeng Zhao recently moved to Dubai a few weeks ago.
With that in mind, there are all sorts of crypto-oriented projects, businesses and platforms in the UAE, but if there is one exchange that everyone should be keeping an eye on going forward, it’s Billium.
What is Billium?
In a nutshell, Billium may best be described as a crypto platform based in Dubai, UAE. As a cryptocurrency exchange, Billium offers trading capabilities for top cryptocurrencies like Bitcoin, Ethereum, Tether, and more. Most recently, Billium has announced a brand new Copy Trading functionality. Through it, novice traders will no longer have to worry about their lack of expertise or knowledge when it comes to the crypto industry as they can simply ‘copy’ the trading activities of more advanced traders and reap the same rewards.
This is particularly useful for those traders who may not have the time or patience to sit down and learn the ropes of crypto trading but still want to be involved with this rapidly rising digital space. For their part, the advanced traders will receive compensation for their efforts which means that everyone, regardless of their personal experience or background, will be able to benefit from this.
But is Billium safe to use?
Safety is widely considered to be the top priority for any viable crypto exchange as unfortunately, this industry does have a dark side to it which is that hacks and other kinds of explorations have become increasingly commonplace. It wasn’t that long ago that a popular metaverse-based P2E game, Axie Infinity, suffered a massive loss amounting to $600 million after a recent exploit.
Billium has therefore ensured that its customers will always be kept safe thanks to the exchange being fully regulated and because the platform has enabled 2FA via Telegram. There is also a unique code given to the traders which cannot be traced by anyone.
Moreover, apart from the high level of privacy provided to the traders, all funds which are flagged through the exchange’s complex algorithms as well as any and all other external sources shall never be frozen on the platform; instead, they will be refunded to the sender. Billium has a liquidity aggregator and a very high liquid order book because it receives liquidity from top crypto exchanges across the globe, which eliminates the possibility of slippages. The exchange’s scalping and trading strategies are also top-notch and the order execution is regarded to be quite dependable as well along with the advanced API provided for trading robots. Furthermore, Billium’s intricate and user-friendly interface and design increases profitability by enabling customers to gain up to 5x the leverage through the platform.
What is Billium’s overall vision?
Ultimately, Billium aspires to be considered among the top crypto exchanges in the world. Therefore, one of the platform’s main goals for the near future is to reach 100K users in the main regions of Turkey and Russia, in addition to launching the exchange’s native token and obtaining a license in Europe. Once the work is done in the UAE, Billium will then branch out to extend its influence to numerous other areas around the world, and in doing so eventually become a globally-renowned crypto trading platform with innovative copy trading capabilities. Follow Billium’s Twitter and Facebook channels for regular updates.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2022/07/the-uae-continues-to-become-the-worlds-crypto-hub-as-billium-announces-new-copy-trading-service