TRIBTC.com launched the world’s first platform offering peer-to-peer binary options trading for cryptocurrency pairs.
The idea of creating this platform appeared because classic binary options platforms, where traders bet against the broker, are prone to fraud and hence banned by regulators in many jurisdictions. Many binary option outlets have been exposed as fraudulent. These types of platforms use their own index price while also manipulating it to their own advantage and also drastically reduce payouts with predatory fees and practices. TRIBTC’s innovative approach allows users to trade against each other or join trades other users place. This approach brings together, for the first time, the peer-to-peer concept with binary options trading for cryptocurrency pairs, thus eliminating the possibility of foul play that happens on traditional binary options sites where trading is done against the broker. TRIBTC’s platform and trading engine are built by industry veterans from the crypto and finance industries. We have been building out our platform throughout 2019 and we are proud to finally release the beta version to the public. “We aim to give market participants worldwide access to safer and reliable binary options trading through peer-to-peer matching, cutting-edge features, and the power of Bitcoin. We will not rest until the market can fully realize this new paradigm.” The live platform will feature a referral program, where 2.5% from all trades a referred user makes will go to their referral, paid in BTC automatically. TRIBTC supports multiple order types and execution options to facilitate any trading strategy, and a simple and intuitive interface for a professional trading experience, all within a high-grade matching engine. “After our beta is complete, new features will be added, including new order types and the Touch/No Touch trading method.” TRIBTC supports BTC only for deposits and withdrawals. TRIBTC’s simple and intuitive interface offers multiple types of trading and transaction execution options to facilitate any trading strategy. The platform provides the following trading pairs:
Trading can be executed on timeframes of 1, 5, 15, 30 minutes; 1 or 4 hours; 1, 2, 7 or 15 days, a month or in custom intervals, with the possibility of earning 90% of the traded amount in the case of winning trades. Price indexes are sourced and averaged from the Bitfinex and Binance exchanges. The funds are stored in a multi-sig cold wallet, while the withdrawals are manually checked and processed every 24 hours. User accounts are protected with a 2FA feature, as well as other security features designed to provide a more secure trading environment. The public testnet is now live and the platform can be tested by anyone with 1 testnet BTC automatically credited to all new registered accounts.
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