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Coinbase and Binance have a serious competitor

Blockchain, the largest provider of cryptocurrency storages and wallets, announced the launch of its own exchange, through which the company plans to compete with industry giants like Coinbase or Binance.

Starting July 30, the registration on the new platform is already open and over the next two weeks Blockchain promises to add more than 26 trading tools.

According to the developers, the new exchange, which was named PIT, will become the most technically advanced platform on the market and will provide instant execution of trading applications. In addition, the exchange system will connect to Blockchain non-custodial wallets.

Separately, it is worth noting the potential liquidity of the exchange, since now Blockchain has more than 40 million registered wallets, which can be an important factor in the fight against competitors. In the nearest plans of the company, a gradual expansion of the list of trading instruments, the introduction of margin trading and support for SegWit.

blockchain PIT
blockchain PIT

With the help of fast and high-quality customer interaction, PIT intends to quickly and successfully take its place in the market. In Blockchain note that the company devotes a separate place to technical customer support, and the department became the second largest division of the company as part of the transition to exchange activities.

According to representatives of Blockchain, the company has already applied for a license to conduct such activities. However, in which particular jurisdictions a new exchange will be registered is not yet specified.

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