Vietnam's VBTC Partners with Coinarch to Launch New Platform, Offering 8x Leverage and Short Trading

Vietnam's first Bitcoin exchange VBTC has partnered with white label technology provider Archcoin to enhance its platform and offering.

The exchange launched earlier this year with the help of Bit2C, an Israel-based exchange which itself played the role of technology provider.

The new platform is designed to incorporate best practices in today's industry and add multiple security features including Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term. Most noteworthy is the offering of margin and short trading, with up to 8x Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term available.

Said Nguyen Tran Bao Phuong, CEO of VBTC Vietnam Co. Ltd.:

"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."

The new platform will be called "VBTC Plus" and is scheduled to launch within a few months.