What makes Geco.one different from traditional cryptocurrency exchanges? An interview with CEO Marcin Wituś.

The Geco.one platform could soon become one of the biggest players in the market for leveraged instruments for cryptocurrencies. In terms of UX [...] https://www.pinterest.com/pin/1085437947660215829/

Soon, the Geco.one platform may become one of the biggest players on the market of leveraged instruments for cryptocurrencies. In terms of UX it is already ahead of the current segment leader - BitMEX. One of the founders and CEO of Geco.one is Marcin Wituś, who for 10 years has been involved in the investment industry on the traditional market. He became interested in cryptocurrencies in 2017. Already then he knew that digital assets are the future and will interest even the biggest investors. That's also when he noticed a niche in this market, which was the lack of leveraged products. At the time, the only major entity that offered Bitcoin leverage was BitMEX. Outside of BitMEX, there were literally a handful of entities providing similar services in 2017. This was undoubtedly an opportunity for us," says Marcin Wituś. This is how the idea for Geco.one was born. The experience Marcin gained on the traditional market allowed him to transfer some of the proven solutions to the world of digital assets. All he needed were investors who would believe in the platform. The first one knocked on the door himself. As a trader in a bank, I served clients in FX, options, and dual currency investments. At the time, my client was Rafał Kołakowski, who proposed that we jointly implement a project on the topic of digital assets. Thanks to his capital and experience we could start our project. He was the first investor without whom Geco One OU would never have been created. He is still a shareholder today and supports us with his business experience. Geco.one is not a SPOT exchange, where an average person goes to buy their first Bitcoin. First of all it is a margin platform for the user who has Bitcoin, knowledge about trading and experience in this area. Trading on crypto pairs is only enabled by a Bitcoin deposit. This includes pairs such as BTC/USD. Users who do not want to exchange BTC for FIAT currencies can use Geco.one to enter a short position and thus hedge their long position in BTC - a rather innovative solution. What else makes Geco.one different from spot exchanges? SPOT exchanges very often lack such tools as Take Profit or Stop Loss. The spot exchanges also don't have as advanced order types as geco.one. We have moved a lot of essential trading tools for the crypto world, which were not known to cryptocurrency users until recently, claims the CEO. Geco.one, or the Hammer on BitMEX After raising funds to build the platform and the right people to join the team, it was time to conquer the cryptocurrency market. Geco.one consistently built a position as a secure and intuitive platform, while around BitMEX, more and more controversy began to grow. In 2019, user data from the BitMEX database was leaked. - In terms of security, Geco.one relies primarily on "cold wallets" such as Ledger or TREZOR. As much as 98 percent of our funds are stored on hardware wallets. Geco.one uses BITGO solutions, which are used by many large and well-known SPOT exchanges," says Marcin Wituś. In practice, this means that the digital assets of Geco.one are stored by specialists on dedicated infrastructure that is not connected to the Internet. Such a mechanism makes it impossible for hackers to steal cryptocurrencies, even if by some miracle they manage to break into the platform. Another asset of Geco.one that encouraged users was its UX. We wanted to transfer the solutions we knew from the traditional market. We modelled ourselves primarily on the Saxo Bank platform. For example, all sheets or charts are fluid and we have the ability to move or pin them freely. We have also made the multi-screen function available from the level of the Internet browser that enables the users to browse the stock exchange on many windows or monitors at the same time - adds Marcin. The platform has also created its own GEC token, which allows to reduce transaction costs and provides some Geco.one functions only to its holders. It was modeled on Binance Coin. The token is also deflationary - every time it is used on the platform it will be destroyed. GEC will soon be listed on Coineal and LAToken exchanges. It has already become so popular that Geco.one has been approached by other exchanges that also want to have it with them. The future of Geco.one is PAMM service Geco.one is not idle, constantly expanding the possibilities of the platform. Soon PAMM service (social trading) accounts will be introduced, which will allow newcomers to enter the world of investment. Amateurs who own Bitcoin will be able to successfully multiply their profits by copying experienced players. We want Geco.one to be friendly to both experienced and novice users. The platform is exclusively for Bitcoin holders. Its deposit allows you to take long and short positions on all