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EducationalJanuary 5, 2021

Going Beyond The Regular Crypto Exchange Experience: What’s Next for Customers?

Shubham Goyal
Product Specialist
January 5, 2021

Cryptocurrencies have been around for more than a decade now, and as they grow and deliver tough competition to fiat money and traditional centralized trading practices, they are seeping into the mainstream. However, there’s more to them than their potential increase in value. Crypto exchanges are finding new and innovative ways, such as crypto derivatives trading and yield farming, to engage their users and help them make the most of the technology on their platforms. Here’s how exchanges are enhancing the crypto exchange experience for customers!

Crypto Derivatives Trading

One of the major factors or drivers accelerating the crypto trading field are the derivatives trading segment, even though they might be relatively complex. The most common crypto derivatives include swaps, options, and futures, which are usually offered against the most popular and valued asset, i.e. Bitcoin.

Crypto derivatives trading is an exceedingly popular concept in the blockchain and crypto community, as it allows for efficient risk management and, frankly, brings crypto closer to more mainstream adoption. Crypto derivatives trading can also be used to leverage options for profit maximization, and in turn, enhancing customer experience.

Blockchain Education Programs

The blockchain is a trailblazer when it comes to decentralized trading and discrete transactions. But that’s not where this versatile technology stops. Blockchain education and learning programs are on the rise to spread financial literacy and crypto awareness among the masses. Crypto exchanges such as Delta have active blogs that focus on different aspects of the industry, including educational content that provides useful information and insightful data to its users in order to help them make smarter financial choices.

By empowering their users, crypto exchanges like Delta are enhancing the crypto exchange experience for their users that encourages the best case practices when it comes to crypto and widespread participation.

Yield Farming

Yield farming is an emerging concept that is gaining momentum day by day in the decentralized finance world. In layman’s terms, it involves generating more or additional returns with existing cryptocurrencies. This is possible because yield farmers lend their assets and, in turn, earn more crypto as a reward. Due to DeFi’s permissionless nature, it can be joined by anyone from anywhere around the world.

Yield farming has the potential to be the most popular crypto trading practice, thanks to its wide adaptability and the feature that allows passive crypto income without much effort. Delta’s own token DETO also offers users the opportunity to earn stake yield, earn handsome returns on it easily, and therefore enhancing the crypto exchange experience for its users.

Referral Program

The crypto market is a maturing industry, and as it gains traction and acceptability among the masses, it is undergoing major and significant developments. Its popularity, in general, has grown and accelerated due to the pandemic which encouraged the streamlining of digital assets.

It seems that mainstream acceptance is just around the corner! Hence, to encourage more mainstream participation, crypto platforms such as Delta have introduced exciting referral programs that allow users to reap additional benefits and returns when they get their friends on board. Delta even offers users who get their friends to sign up and trade through the referral program a whopping 15% share of their trading fees.

Moreover, the more referrals a user brings to the network, the more DETO they will earn on a daily basis. Therefore, incentivization programs and schemes like these are helping to grow the crypto industry consistently, and also helping in enhancing the crypto exchange experience for users.

Wealth Management

Wealth management or wealth advisory is a service that combines several financial services to address the requirements of opulent clients, who might be involved in other aspects of crypto such as crypto derivatives trading. It is also one of the most exciting ways in which cryptocurrencies can now be used.

Companies such as SwissBorg are pioneers in this field and have developed their own tokens for investment solutions. This allows them to offer investors exclusive opportunities to manage their wealth without restrictions, boundaries, or limitations. SwissBorg even states on its website that it is a democratic ecosystem that allows the management of portfolios of crypto assets. These services are available to everyone- be it a Decentralized Autonomous Organization (DAO), an individual, or financial experts, making it more accessible and enhancing the crypto exchange experience.

Crypto is changing the way we manage our finances and is developing itself to be better and more efficient every day. Therefore, crypto exchanges and platforms such as Delta are working on providing better consumer experiences and returns in order to help users leverage the potential of the technology and maximize their returns.

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