If Luna has brought chills to the crypto industry, the FTX has brought an avalanche sending crypto to the freezing winter. What’s worse is that it has caused a severe trust crisis to the centralized crisis. Investors now don’t know where to trade their coins or tokens under such circumstances.
But if you think this is the end of CEX, think again. In spite of the liquidity crunch and the outflow of users as well as their assets from many CEX platforms, one exchange is making an exception registering reverse growth for the past couple of months even after the FTX collapse.
MoonXBT, the leading crypto social trading exchange which has been founded for less than two years, has received little, if not none, impact from the FTX incident. On the contrary, the platform has seen the traffic of its website for the past 30 days surging from 1.1 million to 1.3 million with a surprising 16.5% increase amid the crypto turmoil. The number of google search results about MoonXBT also increased from 56K to 248K showing a notable growth of people’s interest in MoonXBT recently.
So, what’s driving MoonXBT’s reverse growth? What makes people still choose to come to MoonXBT when other centralized exchanges are already embroiled in asset crisis regardless of proof-of-reserve.
SERC regulated – better proof than POR
After it’s exposed that FTX has misused users’ assets and ended up in insolvency, many CEX has followed the suggestion of the CEO of Binance to show the Merkle Tree proof of reserve. However, there are also voices saying proof of reserve may mean nothing because it does not demonstrate how much debt a platform has. More and more voices point out that regulation may be the final rescue to centralized exchanges.
As a direct working partner of the Cambodian government, MoonXBT is being regulated by SERC and has had their balance sheet audited by SERC thoroughly to make sure the platform has healthy finances to safeguard users’ funds. It also meets the SERC’s standard of the holding reserve on its books to handle emergency withdrawals or moreover liquidity crunch. This gives many crypto traders confidence to still put their assets on MoonXBT and trade on the platform.
MoonXBT has won over users by always putting users’ interest first
MoonXBT always believes the best way to keep the users is to always put their interest first. After LUNA collapsed, MoonXBT took the initiative and compensated all the losses users suffered from non-Luna-and-APE losses due to platform emergency shutdown.
This time after FTX collapsed, MoonXBT has also published a total of 500,000 USDT special fund for the traders affected by the FTX incident including agents, KOLs, users, etc.. Those who have suffered losses exceeding a certain amount at FTX can receive the help fund from MoonXBT every month for six consecutive months.
It is a rare quality nowadays to be truly devoted to protecting the users’ interest. By always trying to do so, MoonXBT has attracted attention from more and more users.
MoonXBT keeps innovating
As one of the founding pillars of MoonXBT, the platform keeps innovating and providing users new trading options. The platform currently offers users a full product line consisting of spot trading, liquid contract, perpetual contract, OTC trading and so forth. It is also experimenting with new projects in the area of Gamefi, Defi and other Web3.0 projects.
MoonXBT is very swift in catching the trends in the crypto trading area. It is one of the first platforms to list liquid contracts for ETHX/USDT. It also regularly lists some of the market’s hottest trading pairs.
Moreover, MoonXBT also releases innovative crypto derivatives. As a matter of fact, you can find the derivative combining with the hottest topic – the World Cup- right now on MoonXBT which is called the 2022 Football Token.
Users always find new trading opportunities when they come to MoonXBT and they keep coming!
With legit regulation, the value of putting users first, and the ability to innovate crypto trading products, MoonXBT has reserved enough momentum to still grow during the crypto winter.
For more information, please visit https://www.moonxbt.com