ROAD TOWN, British Virgin Islands, Dec. 28, 2023 (GLOBE NEWSWIRE) -- BTSE Enterprise Solutions, the white-label B2B arm of leading digital asset exchange BTSE, is proud to announce the successful implementation of its advanced cryptocurrencies with Altex Digital. Exchange (Altex), a leading player in Mongolia's digital financial sector. This partnership culminated in a major upgrade to Altex's platform, demonstrating BTSE's commitment to driving innovation in the global cryptocurrency market.
The collaboration with Altex marks a significant achievement in BTSE's mission to power cryptocurrency exchanges with cutting-edge technology designed to complement its growth and expansion plans. Altex's enhanced platform now features an intuitive user interface, designed to cater to both novice and experienced traders, thereby expanding Altex's market reach and user share within the Mongolian market.
โOur partnership with Altex is an excellent example of BTSE Enterprise Solutions' dedication to empowering players in emerging digital finance markets. By addressing the unique needs and challenges in these markets, we demonstrate our commitment to fostering growth and fostering innovation in the cryptocurrency sector,โ said Marco Jorge, Director of Business Development at BTSE. โThis collaboration goes beyond mere business success; โIt reflects our determination to equip emerging market leaders with the tools they need to shape the future of global cryptocurrency trading.โ
Before partnering with BTSE Enterprise Solutions, Altex Digital Exchange faced a number of significant challenges with its former service provider, which impacted its growth and user satisfaction. These challenges included:
- Banking difficulties: Altex's operations were severely disrupted due to the bankruptcy of a partner bank, leading to complications in financial transactions.
- UI limitations: The platform's clunky and unintuitive user interface deterred potential new users from interacting with its services, hampering market expansion.
- Limited trading options: With only 20 cryptocurrencies available and 3 order types, Altex's trading capabilities were extremely restricted and fell short of meeting the diverse needs of the cryptocurrency trading community.
- Delays in customer service: Long support query resolution times led to customer dissatisfaction and trust issues, further challenging their market position.
This combination of factors made the existing platform unsustainable and highlighted the need for a robust, scalable solution. Recognizing these limitations, Altex Digital Exchange took a decisive step by partnering with BTSE Enterprise Solutions, with the aim of rebuilding and scaling its operations to new heights.
One of the key advancements experienced by Altex, facilitated by BTSE Enterprise Solutions, is the expansion of the trading options it offers to its users. The platform now supports a wide range of major tokens for spot and futures trading, reflecting a strategic move to align with global market trends and meet diverse investor needs. This expansion is a testament to BTSE Enterprise Solutions' ability to deliver scalable and flexible technology and infrastructure solutions in the dynamic world of cryptocurrency.
To further enhance the trading experience of its users, Altex's platform now includes innovative features such as bot copy trading, staking, and a peer-to-peer (P2P) marketplace. These additions not only improve user engagement but also position Altex as a cutting-edge exchange in the Mongolian cryptocurrency market.
โThe transformation we have experienced with BTSE Enterprise Solutions has been extraordinary,โ said Enkhjavkhlan Tsogtbaatar, CEO of Altex Digital Exchange. "The expansion of our trading options and the overall improvement of our platform has significantly elevated our market position, allowing us to better serve Mongolian cryptocurrency traders. BTSE's experience in providing scalable solutions has been crucial to help us align with global trends and better serve our diverse investor base.โ
The collaboration between BTSE Enterprise Solutions and Altex Digital Exchange has set a new standard in the Mongolian cryptocurrency market, showcasing the impact of strategic partnerships and innovative technology on the evolution of digital finance. Committed to providing clients with advanced digital asset trading solutions, this successful implementation reinforces BTSE's position as a vital contributor to the transformation and advancement of the global cryptocurrency landscape.
Download the case study titled Altex Digital Exchange and BTSE Enterprise Solutions: Pioneering Cryptocurrency Excellence in Mongolia here.
About BTSE
BTSE is a leading digital asset exchange that offers a simple and secure way to trade cryptocurrencies. As the go-to exchange for all things cryptocurrency, BTSE is one of the most trusted crypto platforms for institutions, retail users, and first-time traders. BTSE has developed multiple trading technologies that have been adopted across the industry, setting new standards of excellence and innovation in the world of digital asset trading. Additionally, BTSE licenses its industry-leading technology to exchanges around the world through its white-label exchange solutions, strengthening the BTSE ecosystem and uniting traditional finance with digital assets everywhere. Read more at btse.com.
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About BTSE Business Solutions
Built on the award-winning BTSE crypto exchange, BTSE Enterprise Solutions equips clients with the infrastructure and tools they need to launch their own blockchain business. Read more at btsesolutions.com.
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