BBOD Trading platfotm! Blockchain board of derivatives

emilyearl (45)in #bbod • 4 years ago

About BBOD Trading Platform

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BBOD stands for Blockchain Board of Derivatives. BBOD is a trading platform comprising of both leverage and margin trade platform. Here by leverage traders are allowed to open big lots as high as 25 – 33X of their trading capital. By leverage, this is the ability of a trader to have a large trade size lot higher than his capital. Trading leverage allows a trader to make trades, take profits which his capital cannot be able to trade. For example, in leverage trading, a trader can open a lot size trade of $1000 on a leverage of 25x. An important point to note while trading leverage is that there is a close point where every trade is either closed or liquidated. If a traders’ leverage holds, the trade is closed in his favour if his trades doesn’t hold, the trade is liquidated by the exchange. Also margin trade gives traders the opportunity to make trades when they are short of funds. Blockchain board of directives offers margin trades for users to utilize and trade more.

BBOD has various lists of altcoin futures which can be traded against the TUSD. BitMex offers low leverage cost on some selected altcoins listed on her futures, with BBOD it is different as they are offering as high as 20-33x leverage on altcoins futures. Here is a list of altcoins futures that will be listed on the trading platform: BBOD currently have the following active markets all in TUSD peg: BTC/TUSD, ETH/TUSD, XRP/TUSD, LTC/TUSD, EOS/TUSD, XLM/TUSD, ADA/TUSD, XMR/TUSD, IOT/TUSD, NEO/TUSD, BNB/TUSD, LINK/TUSD, ATOM/TUSD, DASH/TUSD, XTZ/TUSD, VET/TSUD, VET/TUSD, BCH/TUSD Here/ When compared to other derivatives exchange, FTX has higher futures than BBOD followed by BBOD as BBOD offers 17 futures while BitMex offers just 9.

BBOD brings high level of security to combat the recent hacks seen in some high profile cryptocurrency exchange. Blockchain board of directives uses a measure which ensures funds are controlled by those who own it. During one of my interactions in the group, a core team member by name highlighted that funds will be connected from individual Ethereum wallet to the exchange. He went ahead to point out that no funds will be stored on the BBOD exchange, rather there will be use of something called contracts between users and the exchange for swift transaction between individual wallet and the exchange itself, private key won’t be required during this and as such there won’t be any issue or news of hack.

In conclusion, BBOD derivatives exchange, offers what other similar exchange has not been able to offer especially in the listing of altcoin futures despite the high volatility seen in these altcoins as well as high security measures against hack of funds. This is a new approach to enhancing the sphere and making room for more improved experience