In reviewing the list of readings that included the first X post, I can see that a careful blend of structure and flexibility will enable the development of the most productive relations with the readings. It is part of a larger direction to make finance a playground: users increasingly want more than just trades, and the best place to do it is on their smartphones. The QR code on the post, coupled with the promise of thrilling challenges promotes a new direction with regards to growing competition and mobile-based focus on crypto exchange.
ProBit Global: Security & Features of Services
ProBit Global is a South Korean exchange that has been running since 2017 with a range of 600-800 cryptocurrencies and 1000+ trading markets including BTC, ETH, and PROB token. The exchange also exclusively deals with crypto: it allows depositing using crypto, bank transfers, and cards through third-party gateways, but no direct fiat withdrawal. Security is a priority: ProBit has implemented two-factor verification, biometric access, encryption, cold storage of user funds (approximately 95 per cent).
Gamification + Crypto: The Business Case
The Stake Crypto Arena messages are not all for literal fun and games as the, now exploding, money-making global gamification market becomes heavenly host to ProBit. Mobile ecosystem is driving such growth, particularly in Asia-Pacific regions where smartphone adoption is driving engagement and immersive financial experiences. Being based on a competitive model of trading that could also involve some form of leaderboard and rewards, ProBit will follow the tendency already established by Binance or eToro.
Mobile-First and Market Timing
Midday at IST and trading windows globally was an adroit move to ensure user attention at a time it correlates with optimistic BTC Market sentiment, intent on attracting new players to the gamified trading arena. Although gamification increases involvement, there are issues that it can transcend-e.g. the competitive nature of the trading formats can desensitize risks and over simplify decision-making. The solutions offered by ProBit are exactly the spot with no leverage or futures, which can be a drawback to experienced traders. Low-cap tokens may have low liquidity, which increases the risks of slippage. Customer support and UI customization is average and this might affect the user experience. Lastly, the absence of state laws might become problematic in regard to institutional protection that some users might be looking forward to.
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