The largest provider of cryptocurrency wallets launched its own exchange

The provider of the popular cryptocurrency wallet Blockchain announced the launch of its own trading platform PIT.

1 / The secret is finally out launch We're launching the PIT (come find us at https://t.co/egT1Ca3BfU or @BlockchainPIT on Twitter and Instagram) pic.twitter.com/ EObq2CmSgP

– Blockchain (@blockchain) July 30, 2019

Registration on the new platform should open this Tuesday, July 30, and within two weeks the trading platform intends to add support for about 26 digital assets.

According to the developers, the PIT exchange should become the “fastest” trading platform among the existing ones and will allow operations to be carried out almost instantly. Also, the exchange will be able to connect to Blockchain non-custodial wallets.

In addition, it is noted that the new exchange will be able to provide a level of liquidity inaccessible to competitors, since today Blockchain has more than 40 million registered wallets.

The developers intend to expand the list of assets available on the platform, and later add the possibility of margin trading and support for SegWit.

To compete with such giants of the cryptocurrency industry as Coinbase or Binance, PIT intends through fast and high-quality interaction with customers. Blockchain noted that the customer support team has become the second largest division of the company as part of the transition to exchange activities.

Regarding regulation, Blockchain stated that they have already applied for permits to operate in those countries where it is necessary. Until obtaining the appropriate licenses, the company will not begin work in these jurisdictions.

Recall that in the beginning of last year, Blockchain launched a service for the sale and purchase of digital assets in the United States.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.