Following Binance’s $4.3 billion legal settlement with the US SEC in November 2023, a change in the institutional adoption of digital assets is afoot. Presently, institutional crypto investors are getting wary of these issues and are moving into a highly rated DeFi platform, ETFSwap (ETFS), as a promising alternative to Binance and ByBit.
Binance Gradually Losing Aura
Binance is a top cryptocurrency exchange founded in 2017 that strongly focuses on altcoin trading. It offers crypto-to-crypto trading in over 350 cryptocurrencies, NFTs, and virtual tokens, including Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), Bitcoin (BTC), and its coin, BNB.
When it comes down to buying and trading cryptocurrency, Binance is one of the biggest names in the crypto industry. Data on CoinGecko shows that it processes an average of $8.6 billion in trades daily.
However, the never-ending tussle with the US government that somewhat led to a trading decline from 81.3% to 55.3% over the year appears to have affected the platform’s dependability. Binance seems to be losing its flair as institutional investors who are seeking better returns are picking the new DeFi platform, ETFSwap (ETFS), over it.
ByBit Losing Its Appeal To Institutional Crypto Investors
Like Binance, ByBit has gained ground in the crypto community since its debut in 2018. ByBit is a digital crypto trading platform that lets users buy, sell, trade, and invest in cryptocurrencies. An attractive feature of this platform is that users don’t need to pay deposit fees for crypto deposits.
Also, it offers a $20 referral bonus to users who fulfill its sign-up requirements. However, only a limited number of cryptocurrencies can be traded on the ByBit network and this doesn’t resonate well with institutional crypto investors as they prefer investing on a platform that encompasses broad trading services.
ETFSwap (ETFS): A DeFi Trading Platform Currently Besting Binance And ByBit
We are in a fresh market cycle with many market opportunities and also seeing innovative platforms frequently spring up. The emergence of these viable platforms that hold tremendous potential in this uncertain market has led to several investors assessing their options.
In a time when exchange-traded funds (ETFs) are shaping the world, ETFSwap (ETFS) has shown initiative by spearheading the sector. The Ethereum-based DeFi platform is keen on transforming the decentralized finance (DeFi) community. It achieves this by seamlessly bridging the gap between traditional finance (TradFi) markets and decentralized finance (DeFi). By doing this, it enables users to easily trade a wide range of ETFs and cryptos on the ETFSwap (ETFS) platform.
Over the last week, the ETFSwap (ETFS) platform has seen an influx of investors looking for better alternatives. Certain tools that the DeFi platform boasts of may have prompted this. For example, unlike top crypto exchanges like Binance and ByBit, which require KYC verification for trading, ETFSwap (ETFS) does not.
Users and investors can trade on the ETFSwap (ETFS) platform without undergoing any KYC process, thereby absolving them of interference from intermediaries or regulated bodies and allowing them to trade completely anonymously.
The platform also boasts a transparent infrastructure that allows users and investors to enjoy flexible, seamless, and efficient trading services. ETFSwap (ETFS) achieves this by utilizing blockchain technology, known worldwide as a network that enables trustless transactions, instantaneous transactions, decentralized governance, and transparency. Consequently, ETFSwap users and investors are assured of real-time on-chain transactions.
The ETFSwap (ETFS) ecosystem is powered by its native token, ETFS. ETFS is a deflationary ERC-20 token that helps maintain prices within the ETFSwap (ETFS) community. Holders of this token can also engage in staking activities and earn passive income, as well as vote to decide the platform’s future.
After successful private fundraising, which resulted in the ETFSwap (ETFS) project raising a mouthwatering $750,000, the platform is riding on this bullish momentum and is currently in its public presale stage.
The ETFS Stage 1 presale is selling for $0.00854 and is fast selling out. The swarm of institutional crypto investors into the presale has seen an increase in the number of tokens sold in the Stage 1 presale, with over 25 million tokens sold. Stage 2 of the presale will sell for $0.01831, reflecting a breathtaking 100% price surge.
For more information about the ETFS Presale: