Bit Trade and Standage Complete Joint Proof-of-Concept for Japanese Crypto Trading
Japanese cryptocurrency exchange Bit Trade and trade facilitation platform Standage have completed a joint proof-of-concept for trading digital assets in the Japanese market. The test, announced on September 10, aimed to streamline the process of exchanging cryptocurrencies for Japanese yen.
The trial, which took place within a few hours, involved verifying the receipt of cryptocurrency funds, selling them, and converting the proceeds into yen. According to the companies, the entire process was completed within the designated timeframe, with costs below the initial projections.
Bit Trade will continue to work on optimizing the operational flow for trading digital assets in Japan, aiming to reduce costs and increase efficiency. The company plans to conduct further tests with a wider range of conditions and trade volumes.
In related news, Bit Trade has announced its intention to host a joint seminar with Standage on September 15, where they will present the results of their proof-of-concept in more detail.