VBTC Vietnam Co. Ltd. and Coinarch Pte. Ltd. have announced the launch of “VBTC plus,” Vietnam’s first bitcoin leverage trading platform this month. The partnership between Coinarch and VBTC Vietnam will allow the Vietnamese market to keep up with developments in nations located within the greater(South-)East-Asian area. VBTC Vietnam offers a strong understanding and foothold within the domestic market and Coinarch includes an outstanding team who has extensive experience in dealing with financial and high-end technology markets.
'We are very pleased to announce today the results of the dedicated work of our developer teams over the last weeks. It is a significant award and proof of trust to the advancing Vietnamese hi-tech startup scene, which enables us to close such strategic international partnerships with worldwide industry-leading companies like Coinarch. It is a pleasure to work with Jeremy and his team, which can look back on decades of experience in international finance and high-end technology' stated Nguyen Tran Bao Phuong, CEO of VBTC Vietnam Co. Ltd.
The platform was designed to accommodate today's best-practice models within the Bitcoin industry while at the same time being able to integrate existing security standards from the traditional payments industry. These security features include a Multi-level Cold Storage Bitcoin protection system, Payment Card Industry Data Security Standard applied throughout the entire system infrastructure, HTTPS & PFS encrypted communication and Google 2-Factor-Authentication for enhanced user account security.
Vietnam's market holds great potential. There are currently over 80 million people affected by the result of inflation. The VBTC plus offerings are coming in at an opportunistic time as the market is rapidly expanding.
'The spill-over effects of international cooperation and mutual exchange of knowledge will allow the domestic industry to grow and prosper along this way; paving the path for further international integration of the Vietnamese economy. We believe, that this is a great - and necessary - step forward for the development of the domestic market to provide Vietnamese clients direct access to such technological top-notch solutions.' Phuong had also stated.
VBTC plus offers advanced tools for the Vietnamese market. The new partnership also has plans to give its VBTC plus customers a choice of either 'long' or 'short' positions with eight times more leverage based on Bitcoin price movements. The advanced trading product offerings are set to be launched over the next few months to deliver a continuous Bitcoin trading and hedging solution for the Vietnamese market.