As an exchange that offers professional crypto trading services, Bityard has been focusing on the fast-changing market as well as the increasing needs of global investors. In 2020, Bityard, with Binance as the liquidity supplier, started offering crypto spot trading services with more than 30 types of trading pairs.
Moreover, Bityard also launched “Grayscale Zone” recently to let its users to trade coins related to Grayscale investment trusts, which is a friendly design for both experienced investors and crypto beginners. Compared to some risky altcoins, the assets in the “Grayscale Zone” would be better options for crypto beginners since Grayscale has created investment trusts for those assets.
In addition, on Bityard, the fee of spot trading is only 10%, which is much lower than most crypto exchanges in the market. Bityard is committed to bringing a reliable and easy-to-understand trading platform to crypto beginners around the world, and plans to offer more advanced trading services to its users.
Grayscale, a subsidiary of the Digital Currency Group, is the world’s largest crypto asset manager, and has created investment trusts for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Horizen, Litecoin, Stellar, XRP, and Zcash. According to Grayscale’s official Twitter on January 29, 2020, the company’s total crypto assets under management (AUM) was above $27 billion.
When Grayscale increases the investment funds for a certain crypto asset, the asset price has a chance to go up, which also brings the potential for individual investors to gain profits from the price change. Hence, most investors consider the assets that Grayscale has created investment trusts for types of indicators or hints in order to construct proper investing strategies.