|Brief||Biki is the centralized cryptocurrency exchange that is headquartered in the High Street Center in Singapore.|
|Last updated:||Saturday, January 16, 2021 12:00:03AM UTC|
|Volume 24 hours, USD:||923 387 342|
General Biki facts, technical details and general information about Biki exchange
Biki is the centralized cryptocurrency exchange that is headquartered in the High Street Center in Singapore. Du Jun, a decorated Chinese crypto entrepreneur who is also known as the co-founder of Huobi Global and the CEO of Node Capital and Jinse, has also co-founded Biki and even made a strategic investment of $5 million at the inception of this platform.
Since its launch in June 2018, Biki has been growing at a rapid pace which allowed it to get on the list of Top 30 exchanges by reported trading volume, with the daily volume being around $650,000, reaching $14 million on a monthly time frame. When it comes to the adjusted trading volume, Biki’s showings remain unchanged to a large extent, being the following:
This volume has been relatively stable throughout this year, with the exception of two unnaturally high spikes which occurred in July and August, which were most likely caused by some pump and dump schemes, though Biki has never been suspected of over-indulging in such machinations.
According to the latest reports, the estimated number of users who trade on Biki on a regular basis is 1.5 million, with the number of daily active users reaching 130,000 on weekdays. Although these numbers are not overwhelmingly impressive, it must be noted that the platform is primarily oriented on Asian traders, substantiated by the fact that the main language of the platform’s interface is Chinese, though, of course, it can be switched to English.
The exchange currently lists more than 280 different cryptocurrencies which form 77 markets and 300 trading pairs, with new ones being added regularly. Currently, the activity in the BTC/USDT pair accounts for more than 30% of trading volume, with USDT being the most popular cryptocurrency included in the pairs(the two other ones include BTC and ETH), followed by ETH/USDT, BCH/USDT, and EOS/USDT, each pair covering around 10% of the total volume.
Biki also has its own coin (BiKi tokens), which is also quite popular among traders; it doesn’t support fiat trading and doesn’t allow any forms of deposits except for cryptocurrencies. It must be noted that traders from the United States will not be admitted to the platform. When it comes to withdrawals, Biki imposes a flat fee of 0.005 BTC; the trading fees are also the same for takers and makers and constitute 0.15%, which is slightly less than the industry average.
The trading desk has a rather simplistic design, though it has all the necessary indicators for a thorough technical analysis. As of now, Biki doesn’t provide options for margin or futures trading.
Author: Alex Paulson for Crypto-Rating.com
|Biki volume change 24 hours||5.18%|
|Exchange||Volume change, 24h|