Blockbid Announces BitSpread as Liquidity Provider
2nd July, 2018 —Melbourne, Australia — Secure cryptocurrency trading platform Blockbid have today announced their partnership with BitSpread as their liquidity provider, ensuring they continue to stand by their vision of ‘Trading with Confidence’. Aligned in their values of transparency and accountability, the partnership is a significant milestone for the trading platform as they look to strengthen their offering and position within the cryptocurrency exchange market.
Working with exchanges that trade blockchain assets, BitSpread are a well-established and successful liquidity provider that acts as a trusted bridge between the trader and the exchange. Providing exclusive trading strategies that generate alpha and beta returns on blockchain assets, BitSpread vets both the exchange providers and traders, to quickly and efficiently identify who is credible and who is not.
BitSpread joins Blockbid’s vision for cultivating and growing a secure trading platform that can be trusted by both traders and investors. By working alongside BitSpread, Blockbid are able to provide a higher level of liquidity which is desirable for everyone, driving down the spread and thus the cost of trading. Through their advisory role to the biggest market, BitSpread provide both liquidity but also necessary risk management.
COO at Blockbid, David Sapper, said: “In order to continue to position ourselves as a leading cryptocurrency exchange, we need to ensure the companies we work with complement our offering and BitSpread do just that. Their wealth of experience adds another layer of expertise to our platform and ensure we adhere to our core messaging of trading with confidence.
The partnership with BitSpread follows the recent announcement made by the trading platform, having joined forces with LexisNexis ThreatMetrix, adding another layer of fraud prevention and authentication security to their platform, as well as KYC processing.
A secure cryptocurrency trading platform, Blockbid uses the latest security protocols and designs. All funds on the platform are secured by multi-signature wallets, as well as having all cryptocurrency assets insured against potential cyberattacks.