BarterTrade a crypto asset exchanged under Blockchain Company Primafelicitas will be launching its operation in the UAE in DMCC (Dubai Multi Commodities Center). According to statements from the parent company of Bartertrade, Primafelicitas, “The exchange is in the process of being incorporated into the DMCC servicing the MENA region, while our parent company is being housed in ADGM ( Abu Dhabi Global Market) in Abu Dhabi
As per the Bartertrade website, the platform is an easy, smart, social and gamified way to trade and spend crypto. Bartertrade is working to be a complete ecosystem for traders. According to Anurag Yadav, Chief Executive Officer of PrimaFelicitas stated, “Bartertrade is a revolutionary trading platform that aims to widely bring cryptocurrencies and other blockchain assets to people through an efficiently designed user-friendly platform. Bartertrade is an Easy, Smart, Social, and Gamified way to trade cryptocurrencies. We pride ourselves in aiming to be the people’s exchange. For us, this means a dedicated focus on 3 pillars: Security, transparency, and efficiency.”
In addition Bartertrade will be the first exchange to introduce Algo trading in the crypto market space. Algo trading will allow users to customize their bots according to their trading indicators through a simple and easy to use interface (i.e. without coding anything). The scripts will execute buy, sell and stop loss orders for the user as per the conditions set in the script. Sometimes the crypto markets can be too volatile and it can also be humanly impossible to be fast enough when placing orders manually. Thus they can easily miss out on a buy order or locking in profits in fast moving conditions.