Do you have a preferred alternative digital coin, but you are having trouble finding it listed on your favorite cryptocurrency exchanges? You can do something about it because HitBTC , the most advanced cyrptocurrency exchange in the world, is offering two ways to make the e-currency available.
Market Makers Contract
By definition, a market-maker is an entity that assumes the risk of possessing a number of shares of a certain security or cryptocurrency to facilitate trading. If orders are made, market-makers sell from their own shares or look for offsetting orders.
If you are one of those investors who look forward to ruling the market and you have an in-depth understanding of what happens within an exchange, perhaps you will find value in HitBTC’s market-maker contracts. The most advanced cryptocurrency exchange in the world is offering monthly market-maker contracts with opportunities for rebates and incentives. Furthermore, the exchange presents the most excellent APIs to its market makers. Lastly for your benefit as a market-maker, HitBTC sends out daily performance reports.
If you are ready to push your favorite e-currency, what you can do is to be a market-maker and find a partner. HitBTC requires two MM contracts before adding a particular coin to the exchange. ByteCoin, Ducknote and Monero e-currencies, were listed to the exchange with the support of two market-maker contracts.
HitBTC firmly believes that e-currencies with true potential should be given a chance to be supported by a major exchange via popular vote. For that reason, HitBTC has introduced a voting system where a particular coin can be included in the list through votes from users and guests.
In order to vote, users need to go to hitbtc.com/vote, look for their preferred e-currency and click the vote option which can be seen on the side. To reiterate, voting is not exclusive to users of the exchange. You can still vote even if you are just visiting the site. As of this writing, there is a huge number of virtual currencies waiting for you to click the vote button. If you don’t see your favorite cryptocurrency on the list, you can always nominate by clicking the suggest currency button.
Recently, the exchange was able to add Dogecoin and NXT following this method. Dogecoin garnered a whopping 15,000 votes and was made available from June 22, 2014. Those who were able to sign up to the exchange before July 20 were able to receive 0 percent fee on all Doge trades for one month. The promo can be extended for another two months if a user was able to make one trade on HitBTC on the first month.
Coincidentally, the next alternative digital currency added to the exchange was NXT. Apparently, users were thrilled with the features offered by NXT as it was able to earn more than 17,000 votes. If you are planning to trade NXT, you can start with HitBTC’s demo trading tool , so you can assess your strategy before applying it to the market.
If you are not ready to become market-maker, perhaps you have the support of a community. If that’s the case, do not stop voting until you see your preferred currency on the exchange.