The market penetration of cryptocurrencies has been significant over the last several years, yet, it is still far from unfolding its true potential. The main reasons for the current barriers to the sector lie within the security and liquidity issues that have been the cause for some major hacker attacks and fraud cases over the last several years.
Lack of security and liquidity
Many exchanges lack proper security and auditing. Big scams like the one pulled off by FTX are evidence of this issue. Furthermore, there have been some notorious cases of account breaches leading to the loss of millions of funds from users’ accounts. This of course causes traders to be careful and suspicious. They only deposit the funds they need for transactions and immediately withdraw them after doing the trades they need. These funds are not available online for the exchange, which makes it more difficult for them to ensure the availability of high liquidity during turbulent market times.
The solution: The VFIN exchange
The VFIN exchange, an aspiring new project expected to launch in 2025, offers a solution to the issues with security and liquidity through several mechanisms. One of these mechanisms is the use of cold storage – only a small portion of the funds will be online, with the rest being stored securely in hardware wallets. In addition, VFIN will be subject to regular security audits to ensure investors that their accounts are safe. These audits are performed by independent, external auditors, with experience and a reputation in auditing.
These mechanisms increase the degree of security and transparency and help investors and traders to build trust.
What is the VFIN Exchange?
The VFIN Exchange is a new crypto exchange that is currently preparing its STO launch and is planning to go live in 2025. The platform is developed by an experienced team with a diverse background and extensive experience in areas such as crypto, web development and finance. The VFIN Exchange has made it its primary goal to resolve some of the most important issues that users such as traders and investors face on current crypto exchanges.
To achieve this goal, the VFIN Exchange has come up with several unique ideas and approaches. In addition, the team developed concepts specifically aimed at improving the user experience. This includes development of an intuitive UI and UX for beginners with little or no experience. Additionally, VFIN introduces some unique features such as advanced interaction possibilities, incentive programs, a way to earn passive income, social trading options and more. An academy based on the concept of L2E (Learn To Earn) will provide traders and investors with a variety of learning resources, which will help them to become better and more successful in what they do. Another big feature that the VFIN exchange offers is the extensive use of AI. This will assist traders with the creation of portfolios and can take control over most of the tedious micromanagement actions.
Recap and Summary
The VFIN exchange has come up with some unique and promising features for traders. By emphasizing security and transparency, the project is addressing two of the major problems crypto exchanges and the market as a whole are facing. The concept should help to build trust and benefit the industry. As such, it’s no surprise that the launch of the project is awaited with huge anticipation.
With the STO launch being on its way and now only a few months away, it will be interesting to see how the platform fits into the market and how the crypto market reacts to this new project and its features. This will be key to determine how the VFIN Exchange will develop until its planned launch in 2025.
To learn more about the VFIN project and its vision for the cryptocurrency market, make sure to visit the project’s website and read the white paper, which provides in-depth information about the scope of functionalities of the exchange: www.vfin.techÂ
