A new cryptocurrency exchange is going to be entering the crypto industry soon which promises to provide one of the biggest liquidity pools on the market. LYOTRADE will be launching on 21 February 2022 and will be available both on their website lyotrade.com and as a mobile application.
Linked to Top 300 Exchanges
After being in development for almost a year now, the new cryptocurrency exchange promises to draw in numerous subscribers as it boasts high liquidity on the exchange. It is linked to the top 300 exchanges in the world and will provide liquidity for all stages of a token. On the exchange, you will be able to trade between almost 800 tokens, one of the largest number of tokens available on any exchange.
The exchange will allow you to do trade in Swap, Margin, Fiat, and Futures. LYOTRADE will also support different types of wallets on the exchange including digital, over-the-counter, contract, and balance of margin accounts.
Solving Liquidity Issues
LYOTRADE says it will be solving many liquidity problems for mainstream and existing cryptocurrency pairs. It will offer the best price in swapping, lower and more specific spreads with better price mark up, better depth, will provide K line and stop profit management, and the ability to prepare reports.
As LYOTRADE derives its liquidity from the top 300 exchanges, it will be providing many other functionalities from these exchanges including interface integration, a real-time liquidity display, risk control services, monitoring services, providing tools for the operation, and an overall stable system.
Features
Some of the most important features required for a successful exchange have been included in LYOTRADE. These features allow users to make the best of the exchange and get the best prices for their currencies.
Highly Secure Exchange
LYOTRADE is a highly secure exchange with 30 risk control mechanisms implemented, such as transaction risk control, position risk control, and DDoS protection.
Tiered Trading Fee
The trading fee is offered in a tiered manner with 10 tiers based on the volume traded. The tier-based fee system allows LYOTRADE to offer an ultra-low fee, better pricing for the sector, good order book spreads, and lower risk hedging.
Supports Most Crypto Pairs
LYOTRADE supports trading pairs of most cryptocurrencies on the market with newer pairs being set up frequently.
Spot, ETF, Swap, and Fiat Liquidity
Being an exchange that offers high liquidity, LYOTRADE has high liquidity in different trading types including Spot, Exchange-traded Funds (ETF), Swap, and Fiat. You can expect the exchange to have some of the shortest times for conversion into different currencies.
Spot liquidity is one of the most important types of liquidity that an exchange has, and LYOTRADE has some of the fastest. On LYOTRADE, you will be able to convert fiat into cryptocurrencies and vice versa in the shortest amount of time.
For expert and newbie
LYOTRADE will be available in two versions — Desktop and Mobile app. Both desktop and mobile versions will be available in two colors: light and dark.
On the basis of functionality, users will have the option to choose between basic and advanced versions.
If you’re a newbie to the trading scene, the basic version will give you all the essential details for you to start trading on the platform and buy and sell your coins with ease.
If you’re a veteran and like to take on the slightest margins and highest risks on the different types of trades available, then the advanced version will give you more information to be able to make the best decisions.
We’re very excited about the launch of the new exchange as it boasts some impressive features both for new and old traders. There really is something for everyone on LYOTRADE, even if you’re just starting out with cryptocurrencies or want to make more nuanced trading. This new exchange is a great point to start getting into trading cryptocurrencies if you haven’t already. So check out the exchange when it launches and start trading!
To learn more about the launch of LYOTRADE, go to their website or check out LYOPAY’s social media pages to keep up with the updates.
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