The Future of Centralised Exchanges - TOKEN2049 London 2022
In an insightful discussion during TOKEN2049 London 2022, the talk "The Future of Centralized Exchanges" shed light on the dynamic landscape of cryptocurrency exchanges. Hosted by representatives from BitMax, the session addressed the challenges and strategies central exchanges face amidst market turbulence.
The conversation opened with a reassuring note about user asset security, emphasizing that BitMax has maintained robust protection measures since its inception in 2014. Attendees learned about the importance of proof of liabilities in addition to proof of reserves, a practice established by BitMax ahead of industry peers. Notably, the company confirmed it had no exposure to recent financial crashes like those involving FTX or Alameda Research.
Spotlighting BitMax's forward-thinking roadmap, the talk highlighted the introduction of their BMX token, asserting their commitment to rewarding loyal traders. Additionally, the team discussed their decision to stay focused on derivatives while adapting to market demands by launching new products like Perpetual swaps and forthcoming interest rate swaps.
This engaging presentation from TOKEN2049 not only offered a glimpse into BitMax's strategic planning but also encouraged traders and industry enthusiasts to align with their vision of a secure and innovative trading platform.
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