Heto ang latest news,
BloomX Enters Tech Agreement with Binance to Offer 250 Cryptocurrencies to Filipinos.
March 10, 2021 — BloomSolutions, a local virtual asset service provider licensed by the Bangko Sentral ng Pilipinas, said it has entered an agreement with global crypto exchange Binance to leverage its core technology, infrastructure, and liquidity, to allow Philippine residents to access and trade over 250 cryptocurrencies in exchange for Philippine peso (PHP) in the recently launched “BloomX” crypto trading platform.
The BloomX app allows anyone to easily trade cryptocurrencies for Philippine pesos and vice versa. Among the 250 cryptocurrencies supported are the major ones like Bitcoin and Ethereum, as well as popular tokens like Aave, SXP, and SLP. (Read More: Philippines Gets New Crypto Trading Platform With BloomX App)
Previously, co-founder Luis Buenaventura said BloomX app’s “exchange page” is powered by a deep order book exchange though only the buy/sell form is shown to the user for simplicity. Binance is revealed to be this deep order book exchange in the recent episode of BloomCast, a weekly crypto webshow hosted by the BloomSolutions founders. Every time a user places an order to buy a crypto on BloomX, the order is then placed in Binance. This ensures users that orders will always be executed.
Hindi ko sure kung good news pa talaga tong pakikipag partner nila sa Binance dahil pwede naman tayong rumekta sa Binance mismo para mapag trade. Anyhow, siguro since nag start pa lang sila, kailangan talaga nila ng infra at ang marami silang matututunan sa pakikipag partner nila.
Base sa nabasa ko sa article, ang pinaka goal nila ay magkaroon ng option yung mga Pilipino para makabili ng maraming iba't ibang altcoins sa simpleng trading platform. User-friendly at simple lang ang Binance pero may ilan akong mga kaibigan na nalilito pa din sa features nito (lalo na sa margin, futures etc.) pero gusto nilang makabili at trade ng altcoins. Ayaw nila sa coins.ph dahil nga sa fees at malaking spread, kaya itong BloomX siguro magandang option para sa mga gustong makapag trade pero hindi bihasa sa mga trading features kung sisimlehan ng bloomX yung interface nila.
Ito yung sagot mula sa article:
By leveraging the technology of Binance, buying crypto on BloomX means buying from Binance itself, albeit in a relatively easier process than placing an order in a sophisticated order book. Luis said the app is made this way because its target users are not the more sophisticated ones.
Luis also said it doesn’t make sense to only support 5 or 6 coins in a trading app. “Filipino customers want to diversify their crypto portfolios, and our platform allows them to do that in seconds, with just a couple of clicks.”