As the cryptocurrency market grows, so does interest in derivatives for digital assets. Experienced bitcoin users are looking for new opportunities that have long been known in traditional financial markets. Increases do not last forever, so it is worth taking a look at the mechanisms that allow you to make money even when the bitcoin exchange rate is falling. The cryptocurrency derivatives market in the past years was dominated by the controversial BitMEX platform - users then did not have much choice. Now the situation has started to change, among others due to Geco.one - a new margin-trading cryptocurrency exchange created by Poles. Geco.one - a safer alternative to BitMEX Considering the issue of security, a better choice than a company registered in the Seychelles will be an entity that has chosen one of the EU countries as its jurisdiction. In terms of cryptocurrency market regulation, Estonia currently leads the way in Europe. Although registering a company in this country requires much more transparency from its owners, more and more exchanges and entities related to the digital assets market are moving here. Such a move provides companies with greater legislative security and users with greater peace of mind about their deposits. This is the assumption of the Geco.one team, among others. In addition to registering in Estonia, Geco One has inaugurated the Polish-Estonian Chamber of Commerce alongside companies such as PZU and Orlen. When thinking about profits, remember about security Although blockchain is called a "trust technology", it alone is not enough to properly secure users' funds. Especially for exchanges that are responsible for user deposits. That's why, Geco.one works with qualified entities, such as BitGo, whose job is to insure deposits. In addition, to increase the level of security, the vast majority of funds are stored in so-called cold wallets, not connected to the Internet, and only the necessary funds remain on the platform itself, used for current transactions. What is the difference between Geco.one and traditional cryptocurrency exchanges? Traditional cryptocurrency exchanges allow you to buy bitcoin and other digital assets at the current rate, depending on the offers available at the time. Profits are made when the exchange rate of the purchased cryptocurrency increases in value and you make a sale. The cryptocurrency market, like other markets, is cyclical in nature, so we can't count on increases to continue indefinitely. Is it impossible to make money on cryptocurrencies during downturns? Not necessarily. Unlike exchanges that offer only simple transactions of buying and selling cryptocurrencies at the current rate, margin-trading exchanges such as Geco.one offer a much wider spectrum of possibilities. What trading opportunities does Geco.one offer? Geco.one provides trading opportunities on the following currency pairs: BTC/USD ETH/USD LTC/USD XRP/USD BCH/USD ADA/USD BNB/USD DOGE/USD DOT/USD LINK/USD UNI/USD XLM/USD ATOM/USD XEM/USD EOS/USD TRON/USD In all 16 markets, users have the ability to trade with leverage as high as 1:100. In addition, users can issue 5 types of orders on the exchange: quick trade, market, stop, limit and OCO (one-cancels-other). To further increase the level of security, the developers have added a negative balance protection mechanism to the platform. When the cryptocurrency market is not conducive to trading, users also have other traditional assets at their disposal. A tribute to the users of Geco.one is the ability to freely configure the platform's interface. Each user can easily arrange the various elements of the exchange according to individual preferences. Compared to other platforms, the platform created by the Polish team is clear and intuitive at first glance. Instead of spending time looking for the functions we need we can simply trade. Margin trading on the bitcoin and cryptocurrency market Margin trading allows us to trade with a larger position size while determining the amount of collateral we are willing to risk. The capital that makes up the increased position size is loaned to the trader, with his original share being used as collateral. For example, John has spare funds in BTC worth $10,000, which he has decided to use for a deposit. In a traditional stock market, if BTC rose 10%, Jan would make a profit of $1,000 (minus transaction fees). However, if Jan was confident based on his own analysis that the bitcoin exchange rate would rise, he could also make leveraged (or so-called leveraged) trades to make more profit. Geco.one allows trades with leverage as high as 100x. But let's say John wants to use 10x leverage, using his $10,000 worth of bitcoin as collateral. In this case the value of
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