It seems to be rather profitable to trade cryptocurrencies, but is it profitable to own a cryptocurrency trading platform? Looking at the statistics of the defunct Bitcoin exchanges, it may seem that it is not. Dozens of well-known trading platforms stopped functioning due to this or that reason. Some of them suffered from legal bodies, which took measures against them. The same happened to Abucoins exchange, a Polish platform enabling crypto-to-crypto trading. Abucoins was highly appreciated for its low fees, while market traders were not charged with fee. It did not require minimal amount of the deposit so the customer could transfer as much as he wished. The system imposed requirements concerning withdrawal amount, and the limit depended upon the level of verification.
There were about 30 trading pairs supported by the crypto currency exchange Abucoins. The fee per trade was 0.10%. There was a simple user interface with advanced version, where account holder could find additional details. Using the button in the corner of the page, each person could get access to the advanced features including charts to conduct better trading analysis. There was a trading book, history and market depth window there.
Multiple Abucoins reviews were mainly positive. The users liked to enter Abucoins bonus code to get better terms. The site of Abucoins had quality support the members of which quickly responded to customers’ requests. Also, Abucoins API was developed on a high level.
It was a very good platform until sad Abucoins news appeared online: the Polish Financial Supervision Authority (KNF) has come up with a warning against the site. Such warning became a verdict for Abucoins. Subjected to liquidation, the platform discontinued its work. The users are asked to log in and withdraw their assets due to Abucoins closing.
The customers had to find other platforms exchanging virtual currencies. Here are some other alternatives for those who are interested in crypto trading.