Instant Crypto Exchange Launches Pro Platform as Market ‘Matures’

Published at: July 30, 2020

An instant crypto exchange says it has launched a new platform that aims to help newcomers bridge the gap between basic investing and active trading.

Changelly PRO’s objective is to deliver simplicity to crypto trading — as well as competitive fees and 24/7 support.

The new product comes five years after Changelly’s launch. Since 2015, the company has gone from strength to strength. Now, its exchange has over 160 cryptocurrencies listed.

Eric Benz, the CEO of Changelly, described PRO as a “natural progression” for the brand’s product portfolio, adding: “Five years ago, our target audience included mainly crypto newcomers that chose to swap a few crypto pairs several times a month gaining on volatility of the market. Since then, the audience and the market have significantly matured.”

“A full-featured trading platform”

Changelly notes that those who use its PRO platform will unlock access to a range of features. As well as access to dozens of markets, they’ll benefit from an interactive and customizable terminal that can be configured in line with their personal preferences. Coins can be stored securely in a multicurrency wallet, and low withdrawal fees are offered across the most popular cryptocurrencies. Better still, the registration process is simple — with customer service and educational resources provided.

PRO’s launch comes after customer research by the platform showed that 50% of its customers use custodial exchanges for short-term trading. That’s a substantial rise from the 10% reported in 2015, which was when Changelly first launched.

“Launching our own spot exchange answers the demands of our community who has been clearly requesting more advanced trading services,” Benz explained.

More insights from Changelly here

According to Changelly, its goal has been to provide a one-stop-shop for everyone engaging with crypto — irrespective of whether they’re inexperienced users or seasoned traders. The company’s core product serves as an intermediary between exchanges and users, so dozens of digital assets can be swapped with ease in under 10 minutes. This service is available on the go through the specially created Changelly app, alongside an intuitive website for desktop users.

PRO is described as a fully compliant, regulated and easy-to-use platform where the customer’s needs come first. High limits remove any unnecessary hurdles for those who wish to place large orders — and fast execution means trades are settled in line with their expectations.

Exciting partnerships

Over the years, Changelly has gotten into business with a series of crypto brands. As reported by Cointelegraph, one such partnership came in June when the company teamed up with Freewallet to ensure that crypto transactions could be completed in under three minutes — irrespective of how much congestion there is on the network.

Back in April, Changelly also announced plans to launch a fiat-to-crypto marketplace that enables users to handpick offers from reputable fiat providers, meaning they can snap up digital assets at the best possible rate in three short, simple steps. This innovation was driven by a belief that needless complications and high fees may actually have been putting off people from getting involved.

As Benz explained at the time: “Changelly’s mission has always been to provide customers with the easiest and fastest way to buy and swap crypto. Two years ago, we became the first to introduce credit and debit cards to purchase crypto and, in so doing, paved the way for others to launch similar services. With the more fiat options becoming available we felt it best for our customers to have a tool, which provides all the best rates from different fiat partners we work with.”

Learn more about Changelly

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Tags
Related Posts
Diminishing returns: Is Bitcoin underperforming compared with altcoins?
The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader market trends. With hopes still high that another bull …
Bitcoin / Sept. 24, 2021
Bitcoin made up 97% of total crypto inflows in 2021
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan. 25 report by digital asset investing company CoinShares. Bitcoin comprises 83% of digital asset investment products under management, while BTC investment products represent just 6.5% of total Bitcoin trading turnover. Amid a major cryptocurrency bull run in January, daily BTC trading volumes have massively surged so far this year, increasing from an average of $2.2 billion in 2020 to $12.3 billion …
Technology / Jan. 26, 2021
Cryptocurrency: The future of futures?
Many traders entering cryptocurrency markets from traditional finance may look to derivatives as vehicles for price speculation and hedging. There are plenty of choices when it comes to exchanges and instruments; however, traders should consider a few key differences between crypto futures and traditional futures before dipping a toe into this rapidly growing market. Related: 3 things every crypto trader should know about derivatives exchanges Different instruments Traders entering cryptocurrency from the traditional markets will be accustomed to futures contracts with a fixed expiration date. Although fixed expiration contracts can be found in cryptocurrency markets, a significant proportion of crypto …
Technology / June 26, 2021
Exchange OKEx Launches Data Analytics Platform for Derivatives Trading
Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives. According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH and XRP. The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used. As per the announcement, the goal of this platform — …
Bitcoin / Aug. 3, 2019
Bitcoin price strength intensifies as risk-loving traders bring volume back to the crypto market
The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction in Bitcoin Fear and Greed index to neutral is possibly driven by volume increases, Bitcoin on-chain data and BTC price decoupling from equities markets. While not all analysts believe a market bottom is in, let’s dive into the data. Trading volume and volatility return Bitcoin’s …
Bitcoin / Jan. 17, 2023