A new exchange in the UK that aims to provide bitcoin trading services in a way that hasn’t been possible before has been welcomed by many in the industry.
Algiers Web Design (AWD) has been launching a new bitcoin trading platform that has been in the works for several months and is currently being tested by a few traders in the market.
Its founder and CEO Nick O’Donnell told the BBC that his team is working with major financial institutions to make the platform more useful for the broader bitcoin ecosystem.
“The platform we are building is a service that will enable people to trade bitcoin, as well as trading fiat currencies,” Mr O’Neill said.
“It’s a platform that allows people to do something that we have not been able to do before, which is offer an exchange for bitcoin.”
The platform will allow people to buy and sell bitcoin and other digital assets in a variety of ways, such as through an exchange, wallet, exchange, or brokerage.
“Bitcoin and other crypto currencies are now being used by billions of people around the world, and many people are turning to the financial services industry to get the same experience for them,” Mr Denton said.
Algsiers Web design is a digital platform that provides bitcoin trading and is based in Algiers, the capital of the Western Cape province.
The company launched in December and aims to have its first customers by early January, with the aim of having its service available to as many as 50,000 people by the end of the year.
“This is a significant milestone, it’s one that we’re all very excited about,” Mr Fenton said in a statement.
“Algies has the potential to be a transformative and significant step forward in the evolution of financial technology and services for the bitcoin community.”
Bitcoin trading platform Algies aims to enable people in the financial world to exchange fiat currencies for bitcoin.
It’s been a year since bitcoin price hit its record high of $1,150.15.
Mr O’Connell told the ABC that bitcoin is a highly volatile asset that has fluctuated in value over the past year.
The price of bitcoin hit $1.18, a milestone that Mr Ollons team is currently working towards, with a high of more than $1k in mid-December.
Algorithmic trading platforms like Algias are a way for people to “buy and sell” bitcoin in a digital market, while the underlying technology behind the trading platform also supports a variety other trading methods.
Algo-like trading on Algier allows users to create, buy and buy digital assets such as stocks and currencies, as a “virtual” exchange, a way to trade in a virtual world.
“We are hoping to give the traders the ability to trade between different currencies and currencies across the world,” Mr Nodson said.
While Algiances website currently allows customers to trade bitcoins, it doesn’t provide a trading interface to the bitcoin market.
However, the company has stated that it plans to support exchanges and other trading platforms that will facilitate trading between digital currencies.
Mr Nodsson said that while Alginess may not be the first bitcoin trading service to launch in the United Kingdom, it was the first platform that offered a service like this.
“People who have been trading for a while have probably got used to dealing with Bitcoin exchanges and have had experience of dealing with this sort of thing, so I think that’s the key here,” he said.
Mr Denton added that it is crucial for people in financial markets to understand what bitcoin is and how it works.
“There are a lot of people out there who think that it’s not an investment but a commodity that can be bought and sold and used to make money,” he told the broadcaster.
“I think people should be able to make a living doing what they love, so why shouldn’t they be able do it with Bitcoin?”
