Bitcoin margin trading platform launched in Vietnam

Bitcoin margin trading platform launched in Vietnam

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

The platform was designed to accommodate best-practice models within the Bitcoin industry while at the same time being able to integrate existing security standards from the traditional payments industry. These security features include a Multi-level Cold Storage Bitcoin protection system, Payment Card Industry Data Security Standard applied throughout the entire system infrastructure, HTTPS & PFS encrypted communication and Google 2-Factor-Authentication for enhanced user account security.

"The spill-over effects of international cooperation and mutual exchange of knowledge will allow the domestic industry to grow and prosper along this way; paving the path for further international integration of the Vietnamese economy. We believe, that this is a great - and necessary - step forward for the development of the domestic market to provide Vietnamese clients direct access to such technological top-notch solutions," says Nguyen Tran Bao Phuong, CEO of VBTC Vietnam.

VBTC plus offers advanced tools for the Vietnamese market. The new partnership also has plans to give its VBTC plus customers a choice of either "long" or "short" positions with eight times more leverage based on Bitcoin price movements. The advanced trading product offerings are set to be launched over the next few months to deliver a continuous Bitcoin trading and hedging solution for the Vietnamese market.

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