Biki.com, the digital assets trading platform has announced it is venturing into new territories. 2019 has seen the young exchange expanding in Southeast Asia, Asia, the Western regions as well as Russia. It now makes its first foray into Latin America and the United Arab Emirates (UAE) regions to undertake the market needs of these regions. As one of the top 20 crypto exchanges worldwide, its entrance into the UAE is an example of the interest the region is showing as well as the potential this market holds.
“We are venturing into these markets as the market is still very fresh and untapped,” said Ethan Ng, CEO of Biki.com SEA. “The people have many needs but few venues are serving them. We are there to learn about the market conditions and to cater and adapt our services and products to fit their needs. I believe that these areas could be the first to bring cryptocurrency to mainstream usage, followed by other countries. So we want to ensure they have a good experience trading crypto.”
With the exception of Bolivia which banned crypto in 2014, Latin America generally embraces cryptocurrency use and blockchain technology. BiKi.com will be forming partnerships and relationships to develop its presence in the region. Rocked by currency volatility in countries such as Venezuela, Argentina, and with the rising inflation in Brazil, there has been strong interest in Bitcoin and cryptocurrencies, interest that is on the rise. Long known to be a community-driven exchange, BiKi wants to understand the pain points the Latin American community is facing and cater to their needs. The press release states, “With the Dubai government in the midst of implementing Dubai Blockchain Strategy 2020, an initiative which is deemed to usher in economic and investment opportunity for the city, the resulting growth in these sectors will inevitably drive up even more demand for cryptocurrency and trading services, an opportunity that BiKi is more than ready to tap into.”
Alongside the exchange’s globalization initiatives, BiKi has also been driving ecosystem developments and platform upgrades, such as the launch of the BiKi Research Institute, the BiKi Mining Pool as well as new products on its platform such as lending, leverage, BiKi Fund and Incubator, not to mention a future financial public chain in 2020.