Difference between revisions of "Bit-Z"

From CryptoMarketsWiki
Jump to: navigation, search
 
Line 1: Line 1:
{{Cboe_adbox}}
+
{{#vardefine:rNum|{{#rand:1|2}}}}{{#switch: {{#var:rNum}} | 1 =  {{Cboe_adbox_Corporate_Bond_Futures}} | 2  = {{Cboe_adbox_RMC_Munich_2019‎‎}} }}
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
| company_name = Bit-Z
 
| company_name = Bit-Z
Line 20: Line 20:
  
 
In late March 2019 Bit-Z was ranked second by the U.S. dollar value of its traded volume according to CoinMarketCap, an online industry statistics reporting service.<ref>{{cite web|url=https://coinmarketcap.com/exchanges/bitforex/#markets|name=Top 100 Cryptocurrency Exchanges by Trade Volume|org=CoinMarketCap|date=March 25, 2019}}</ref> Its trading volume reporting has attracted attention because it uses the so-called "transaction fee mining" model for payment of exchange fees. According to its white paper, Bit-Z's BZ coin is created when a user pays its fees in cryptocurrency and the exchange reimburses the fee with BZ, thus incenting valueless trading in order to pay fees which are reimbursed.<ref>{{cite web|url=https://www.coindesk.com/a-new-business-model-is-shaking-up-the-crypto-exchange-rankings|name=A New Business Model Is Shaking Up the Crypto Exchange Rankings|org=CoinDesk|date=March 25, 2019}}</ref>   
 
In late March 2019 Bit-Z was ranked second by the U.S. dollar value of its traded volume according to CoinMarketCap, an online industry statistics reporting service.<ref>{{cite web|url=https://coinmarketcap.com/exchanges/bitforex/#markets|name=Top 100 Cryptocurrency Exchanges by Trade Volume|org=CoinMarketCap|date=March 25, 2019}}</ref> Its trading volume reporting has attracted attention because it uses the so-called "transaction fee mining" model for payment of exchange fees. According to its white paper, Bit-Z's BZ coin is created when a user pays its fees in cryptocurrency and the exchange reimburses the fee with BZ, thus incenting valueless trading in order to pay fees which are reimbursed.<ref>{{cite web|url=https://www.coindesk.com/a-new-business-model-is-shaking-up-the-crypto-exchange-rankings|name=A New Business Model Is Shaking Up the Crypto Exchange Rankings|org=CoinDesk|date=March 25, 2019}}</ref>   
{{Cboe_adbox}}
+
{{#vardefine:rNum|{{#rand:1|2}}}}{{#switch: {{#var:rNum}} | 1 =  {{Cboe_adbox_Corporate_Bond_Futures}} | 2  = {{Cboe_adbox_RMC_Munich_2019‎‎}} }}
 
        
 
        
 
== References ==
 
== References ==

Latest revision as of 15:50, 30 May 2019

Bit-Z
Bitforex-.png
Founded 2016
Headquarters Hong Kong
Products Cryptocurrency exchange
Twitter @BitZ_Group
LinkedIn Profile
Facebook https://www.facebook.com/BitZAgency/
Website https://www.bit-z.com/

Bit-Z is a Hong Kong based cryptocurrency-to-cryptocurrency exchange, which offers more than 200 trading pairs.

In late March 2019 Bit-Z was ranked second by the U.S. dollar value of its traded volume according to CoinMarketCap, an online industry statistics reporting service.[1] Its trading volume reporting has attracted attention because it uses the so-called "transaction fee mining" model for payment of exchange fees. According to its white paper, Bit-Z's BZ coin is created when a user pays its fees in cryptocurrency and the exchange reimburses the fee with BZ, thus incenting valueless trading in order to pay fees which are reimbursed.[2]

References