Home › Forums › Default Forum 1 › BitYard Integrates 80 Chainlink Price Feeds for Enhanced Price Accuracy and.
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Friday, August 19, 2022 at 8:42 am #7293sylvesterkochParticipant
The platform makes crypto trading simple for newcomers by providing an intuitive user experience. BitYard offers more than 300 spot trading pairs, as well as CFDs, perpetual, FX, commodities, and copy-trading. BitYard is a renowned cryptocurrency exchange that operates in over 150 countries and provides crypto asset trading services.
With the new corporate slogan “Grow Your Future in the Yard” BitYard will continue to help investors around the world to achieve their goals through providing one-stop financial trading services. As one of the fastest-growing exchanges, BitYard has continuously optimized and upgraded the platform and has brought many quality trading services to users worldwide. Founded in late 2019 and headquartered in Singapore, BitYard is a leading global cryptocurrency derivatives exchange.
Vladimir Putin isn’t as hawkish on cryptocurrencies as his nation’s Central Bank authorities. Internal Division Putin aired his thoughts on the matter in a government meeting on Wednesday. “We have certain competitive advantages here, especially in the so-called mining,” he… He began the discussion by addressing the regulation of cryptocurrencies, which he called an “issue in the spotlight”. The Russian president recently stated that Bitcoin mining could be “advantageous” to Russia, casting doubt on any ban-like approaches to the sector.
A lot of indicators are suggesting that we’re nowhere near the end of the cycle and considering that the crypto market overall slowed down considerably towards the end of the year, I think we will likely see this cycle extending into the second half of 2022 and possibly even 2023. Bitcoin did reach a new all-time high of almost 70k in early November, it also pulled back considerably since then.
It will come, I have no doubt about it, but I think it may still take a few months. If the market picks up overall, we will likely see Cardano going up as well but the true parabolic move up will likely happen only after the whole ecosystem properly launches. Although we’ve seen a bit of a breakout in the last few days, I think we will see a continuation of this general downtrend (or sideways movement) until we start seeing some true utility in the Cardano ecosystem. Cardano (ADA) has been on a downtrend since the release of smart contracts in early September.
In Simply one yr since its institution, BitYard has raised the Quantity of listed cryptoforeign money pairs from 30 to Greater than 150 And might proceed So as to add extra cryptocurrencies Finally So as that clients Throughout the globe can commerce their favourite cash.
BitYard’s current frameworks benefit from Chainlink Price Feeds since they allow us to provide more exact and transparent pricing for ideal spot trade executions. To ensure its price are as accurate & reliable as possible, Bityard integrates more than 80 Chainlink so price feeds. BitYard now has access to decentralized pricing feeds for key spot trading pairs thanks to its integration with the industry-leading decentralized oracle network, with plans to add more feeds in the future.
The following licenses are regulating the exchange activity: the Singapore’s ACRA (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), Estonia’s MTR (Register of Economic Activity) for the European Union, and the Australian Transaction Reports and Analysis Centre (AUSTRAC) Bityard is the world leading cryptocurrency derivatives exchange, fully regulated and compliant with international laws, with the main activity in cryptocurrency contracts with leverage and derivatives exchange. Bityard operates with licenses from four different countries: The USA, Australia, Singapore, and Estonia.
The 0.05% fee was added to the order. As the price continued to rise, the contract was losing value. Once confirmed, the ATOM contract was visible in the dashboard. The contract details will include the name of the cryptocurrency, the leverage, the chosen margin, opening price and opening time. For this transaction I set the leverage at 20x, using 6 USDT for this contract.
With a trading fee set at 0.05%, bityard bitcoin order book history timeline has trading fees lower than the industry’s average. It involves leverage and therefore the traders are not buying or selling the asset, only speculating on the price movement. The Contract trading is different from spot trading. The trading instrument called contract allows the investor to trade on the price movement of the cryptocurrency, at a future date or and at the desired price.
Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. About Chainlink Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
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