• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Risebit Announces a New Generation of Investment Platforms

November 21, 2022 By GlobeNewswire

Risebit's team has recently unveiled a new generation of investment platforms that will include multiple innovative features. Among these, the founders mentioned the introduction of intelligent arbitrage and a new way of exchanging assets whilte ensuring the best exchange rate for users

Viña Del Mar, Chile, Nov. 21, 2022 (GLOBE NEWSWIRE) -- These platforms will offer users various benefits, such as affordable interest rates, transparency, and security. Risebit will also release its cryptocurrency, Risecoin, which the community will use in the voting processes for investment projects.


The Introduction of Intelligent Arbitrage

Intelligent arbitrage in the Risebit ecosystem allows users to always get the best conversion rate for their crypto assets. This is possible thanks to an intelligent system that searches for the best conversion rate among all exchanges. Once the algorithm finds the best price, it routes the transaction to that DEX.

The goal of this system is to become a cross-chain solution not limited to a single DEX. This would be a significant advantage because it would allow for more price discovery and options for the user.

At the moment, Risebit runs on the BNB Chain. However, the team is already working on expanding the system to other blockchains. Specifically, the founders mentioned Ethereum, Avax, Polygon, and Moonbeam, with others coming in the future.

A New Way to Lend and Borrow Funds

Risebit goes beyond the trading dimension by introducing borrowing and lending services in its ecosystem. As the founders explained in their whitepaper, the interest rates will be much lower than traditional banks generally require. 

Moreover, the platform will require users to post crypto assets as collateral. If the value of the posted collateral falls below the settlement price, Risebit will automatically sell the crypto assets. 

In this way, the system will reestablish liquidity and cover the taxes associated with the loan. The platform aims to avoid any issue that may arise from a massive drop in the value of posted collateral.

The team mentioned Bitcoin, Ethereum, Cardano, Polkadot, Avax, and Solana among the cryptocurrencies accepted as collateral. Users will be able to borrow BUSD in this new decentralized platform.

Governance and Investment

Another essential feature unveiled by the team is its governance system. The project wants to create an ecosystem in which users can have control and vote on what they want.

The whole workflow consists of two macro-steps:

  • Risebit audit: The team will review each new project at an early stage. Specifically, Risebit will be interested in the project viability, security audits, and other aspects of the initiative.
  • Voting: At this point, the community can vote on the project they want Risebit to invest in. Each community member can burn Risecoin tokens to participate in the project.

Overall, the voting operations will take 1-2 weeks, after which Risebit will announce the winning project.

About Risebit

Risebit is a decentralized investment platform built on the blockchain. This project wants to enable its users to generate returns safely and reliably.

Risebit's services go beyond trading and include features such as mining, staking, and much more. The company plans to launch its native token soon, which will have a core role within the platform.

Investors looking for more information on Risebit may refer to its website and the social media pages below.

Telegram | Twitter | Discord

CONTACT: Daniel Gukovsky
business -at- risebit.co

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

The Next Big Altcoin Could Surge 10x Higher Than Dogecoin & BONK After 300% Rally

July 11, 2025

The Hashgraph Group Partners with MPBCDC (Government of Maharashtra) to Build India’s First State Carbon Bank on Hedera

July 11, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO to Launch the First Finger Vein Biometric Wallet

July 11, 2025

Ripple (XRP) Price Set to Retrace to $1.20, While Ethereum (ETH) and Little Pepe (LILPEPE) Charge Ahead

July 11, 2025

Why BlockchainFX Is Being Hailed As The Best Utility Crypto In 2025 Over Polkadot and Cosmos

July 11, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter