BIKA is a crypto asset trading platform that aims to create a smooth and secure trading experience for its users. The company’s goal is to become the industry standard in the cryptocurrency industry. BIKA is also committed to advancing the development of consensus in blockchain technology and crypto-digital assets.
Challenges: crypto trading
Crypto trading platforms hold large amounts of cryptocurrency and other valuable assets and they are prime targets for hackers. Consequently, ensuring the platform’s security is essential, and trading platforms must implement stringent security measures such as multi-factor authentication, encryption, and cold storage to safeguard user funds.
Compared to traditional financial markets, cryptocurrency markets are still relatively small, which can lead to liquidity issues on trading platforms. This can make it difficult for users to purchase or sell cryptocurrency at the desired price, and it can also lead to increased volatility and price manipulation.
Trading platforms are complex software systems that require constant maintenance and updates to ensure they run smoothly. Technical issues such as downtime, slow performance, or bugs can cause significant disruptions to trading activity and erode user confidence.
The regulatory landscape around cryptocurrency is still evolving, and trading platforms may face legal challenges or regulatory hurdles as governments and financial authorities seek to bring the industry under greater oversight. This can lead to increased compliance costs and uncertainty regarding the legality of specific activities.
Trading cryptocurrencies can be difficult and perplexing for many users, especially those who are new to the industry. Trading platforms must offer an intuitive interface that makes it simple for users to buy and sell cryptocurrency, track their portfolios, and access pertinent information and resources. A negative user experience can result in user frustration.
BIKA trading platform
BIKA is a crypto asset trading platform that aims to create a new Web 3.0 trading world.
The platform is designed to provide users with a secure and smooth trading experience. The platform provides a variety of products, such as trading, swapping, savings, mining, and IEO.
BIKA is dedicated to becoming the industry standard in the cryptocurrency industry. The platform is continuously enhancing its service system and introducing new products in order to provide users with higher-quality product experiences. The platform intends to construct an ecosystem for cryptocurrencies that includes derivatives, spot trading, project incubation, and more.
Future BIKA infrastructure is a trading-based, one-stop asset management platform. Future development of BIKA is centered on constructing a crypto ecosystem with BIKA at its center via multi-party asset management, media association, public chain ecology, and the addition of more partners.
BIKA has achieved several milestones, such as obtaining an MSB license and launching the BIKA 1.0 and 2.0 trading systems.
In December 2021, it achieved the goal of 2 million registered users and became the fastest-growing exchange in the world.
In May 2022, it launched the BIKA 3.0 trading system, which is a comprehensive optimization of the trading building.
With the growth of user volume and BIKA gaining support from users all over the world, BIKA will continue to promote the upgrade of its service system, which includes customer service experience, product experience, security experience, and risk control management.
The market for crypto asset trading platforms is extremely competitive, with new exchanges regularly entering the market. Established exchanges like Binance, Coinbase, and Kraken continue to dominate the market, but smaller exchanges are gaining ground in niche markets or geographic regions.
According to CoinGecko data, the total daily trading volume on cryptocurrency exchanges will reach a record high of more than $1.7 trillion in May 2021. The daily trading volume was only in the tens of billions of dollars just a few years ago.
The increasing institutional adoption of cryptocurrencies contributes to the expansion of the market for crypto asset trading platforms. In recent years, large financial institutions such as Goldman Sachs, JPMorgan, and Fidelity have entered the cryptocurrency market, and many use crypto asset trading platforms to gain access to the market and manage their investments.
BIKA has been growing rapidly in recent years. BIKA has a large number of users, with over 5 billion transactions and over 20,000 people trading every day. BIKA’s trading platform is ranked 19th in the global crypto trading platform.
BIKA’s current market trend is to continue promoting the upgrade of its service system and launching more integrated products such as trading, swap, savings, mining, IEO, etc.
BIKA has launched several trading systems, including BIKA 1.0, BIKA 2.0, and BIKA 3.0, which have made trading easier and provided a comprehensive optimization of the trading experience.
On December 9, 2022, BIKA announced that it will initiate a brand new upgrade on December 16, “ZimaBlue,” which will open the Web3.0 portal and achieve the official launch of NFT.
BIKA’s future plans include launching more products to provide users with more quality product experiences. As a crypto trading platform, BIKA’s products are becoming more integrated, and trading, swap, savings, mining, IEO, and other products will be added to BIKA’s products one after another. BIKA’s future infrastructure is a one-stop asset management platform based on trading, and a larger ecosystem will be derived from this foundation.
BIKA has raised a total of $10M in funding over a Series A round, which was raised on Mar 8, 2023.
BIKA is funded by Bank Champs.
Augustin is Founder.
Augustin is CEO.