Introducing an intuitive trading system designed simplify leveraged (geared) trading.
Our model
Our platform is designed to allow the trading of bitcoin using bitcoin without the involvement of fiat.
Long and Short?
Yes that is correct, for both long and short positions to be opened, no USD or Fiat is required. This was done to take the headache out of managing multiple currency accounts and removes the risk of fiat transfers or holdings.
How is that possible?
When a position is opened, a deposit is taken (this acts as collateral). Our trading engine will then place a leveraged open market order.
Upon liquidation, PnL will be calculated on the (closed) market order automatically. The deposit will be returned on close and profits paid out (or losses deducted).
Free trading for day traders
Trades opened and closed within 24 hours will not be charged. Funding is charged at a daily rate for every subsequent 24 hour period.
Who's behind it?
A number of individuals helped create the algorithms required to place open market orders without the dependency on CFDs or futures using a privately traded reserve. Most of the coding was done by myself. See our press release here. Each of us brings a wealth of experience in finance (retail and investment banking), regulation and accounting.
Security
No bitcoins or bitcoin private keys are held on our server.
Withdrawals are handled from an offline wallet after daily reconciliations are performed against each and every account.
Funding
BTC.sx is funded by $150,000 of private equity. Crunchbase.
Fractional Reserve
We do not operate on a fractional reserve banking model.
Tier 1 Capital
BTC.sx is funded privately. We operate with a tier 1 total capital ratio level of 100% minimum.
Where?
Visit BTC.sx.
*Update* - 5th June 2013 - Private beta has ended. Regular account sign-ups welcome.
Our model
Our platform is designed to allow the trading of bitcoin using bitcoin without the involvement of fiat.
Long and Short?
Yes that is correct, for both long and short positions to be opened, no USD or Fiat is required. This was done to take the headache out of managing multiple currency accounts and removes the risk of fiat transfers or holdings.
How is that possible?
When a position is opened, a deposit is taken (this acts as collateral). Our trading engine will then place a leveraged open market order.
Upon liquidation, PnL will be calculated on the (closed) market order automatically. The deposit will be returned on close and profits paid out (or losses deducted).
Free trading for day traders
Trades opened and closed within 24 hours will not be charged. Funding is charged at a daily rate for every subsequent 24 hour period.
Who's behind it?
A number of individuals helped create the algorithms required to place open market orders without the dependency on CFDs or futures using a privately traded reserve. Most of the coding was done by myself. See our press release here. Each of us brings a wealth of experience in finance (retail and investment banking), regulation and accounting.
Security
No bitcoins or bitcoin private keys are held on our server.
Withdrawals are handled from an offline wallet after daily reconciliations are performed against each and every account.
Funding
BTC.sx is funded by $150,000 of private equity. Crunchbase.
Fractional Reserve
We do not operate on a fractional reserve banking model.
Tier 1 Capital
BTC.sx is funded privately. We operate with a tier 1 total capital ratio level of 100% minimum.
Where?
Visit BTC.sx.
*Update* - 5th June 2013 - Private beta has ended. Regular account sign-ups welcome.