The market has been waiting anxiously for the next big move by Bitcoin for over a month. BTC has been caught in a low-volatility restriction between $9,000 and $9,400. Meanwhile, influenced by the lack of clear market direction, BTC’s daily trading volume also reached a low. CoinMarketCap notes that Bitcoin’s trading volume only registered $19 million on June 19, which is 50% lower than the May 19 data.
Bexplus Review in 2020
Current Bitcoin Context
Unlike the „lukewarm“ sentiment of daily traders, Chainalysis‘ data shows that long-term investors hold a total of $11.4 million worth of Bitcoin, and 60% of it is licensed custodian. Although Bitcoin is known for its high volatility, most investors still have confidence in its long-term performance and view it as a store of value.
„Bitcoin is trading lately, and some brokers have told us that the untraded market is affecting them, as they simply don’t know in which direction is a better bet… It seems that Bitcoin has entered another stage of consolidation, and what follows is often a breakthrough or a big collapse. If traders wish to get a brief break from the stressful operation, they are advised to deposit their coins in the Bexplus wallet and earn interest without taking any risks.
Bexplus BTC Wallet – up to 30% annualised interest with no risk
Bexplus, a leading crypto trading platform offering 100x perpetual contracts on BTC, ETH, LTC, EOS and XRP, recently unveiled its innovative wallet with up to 30% annualized interest, which is undoubtedly one of the most profitable rates in the industry.
The interest is calculated daily, and the deposit income will be settled monthly. The monthly interest is calculated as (S * I / 365 * 30) = MI.
S represents the sum of the deposit, I represents interest and MI is the monthly interest.
If you deposit 10 BTC on your wallet, the monthly interest you would receive is (10 * 30% / 365 * 30) = 0.24 BTC. While most lending platforms require traders to deposit at least one Crypto Cash, traders can make a deposit starting at 0.05 BTC into Bexplus.
It is worth mentioning that, deposits to the wallet are independent of the trading account. Deposits cannot be used for trading and will not be calculated as margin. Therefore, even if your positions are liquidated during large price changes, your wallet deposits will remain intact. In addition, there is no fee for transfer between the trading account and the wallet.