Cryptocurrency Exchange Blockforia.com Set to Launch During Crypto Winter

Naysayers have predicted the impending death of Bitcoin, but crypto markets have shown to be surprisingly resilient. Amidst the “crypto winter”, Bulgarian Blockforia EOOD is launching their new crypto exchange Blockforia.com.

 

SOFIA, Bulgaria, Dec. 20, 2022 (GLOBE NEWSWIRE) — The Bulgarian cryptocurrency exchange is announcing the go-live of Blockforia.com on the eve of 2022. The company will first begin accepting customers in selected EU jurisdictions, while further expansion is expected to continue in 2023. Whilst expanding its global reach, the company itself and its day-to-day operations will continue to be domiciled in Bulgaria.

Blockforia is looking to apply its KYC and AML procedures to all new customers. The main markets are set to be the EU, Canada and certain parts of Asia. The Blockforia crypto exchange supports all major credit and debit cards, whilst crypto wallets are provided free of charge.

Due to its use of official e-ID solutions for KYC, users from supported jurisdictions can set up accounts in under five minutes. Afterwards, they can start trading Bitcoin immediately. Crypto funds are held in safeguarded hot and cold wallets, on a strict 1-to-1 basis.

Bitcoin has been in the limelight for over a decade now, rapidly expanding its scope of applications, and continuously rising in value. On Jan. 8, 2021, Bitcoin hit a new milestone by surpassing $42,000 in value. However, markets soon crashed and Bitcoin is now trading at around $17,000.

Only time will tell where markets move next, but the inherent volatility of Bitcoin can prove profitable for exchanges like Blockforia.com, which earns the majority of its money on frenzy trading.

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

For a Hedge Against Inflation - Click the Rocket!

E-Crypto News Executive Interviews

Blockchain/Cryptocurrency Questions and Answers

What Is A Crypto Seed Phrase?
What Is A Crypto Seed Phrase?
February 24, 2023
Japan Crypto
Japan’s Crypto Revolution: How Cryptocurrency is Transforming the Country
February 23, 2023
Cryptocurrency
What are the Benefits of Holding Digital Currencies Long Term?
February 20, 2023
Tunedly
A Look at Tunedly Music and Coins
February 13, 2023
Crypto Tax
Crypto Tax Software Developers Get Serious about Standards
February 2, 2023

Automated trading with HaasBot Crypto Trading Bots


CryptoCurrencyUSDChange 1hChange 24hChange 7d
? --- 0.00 % 0.00 %

bitcoin
Bitcoin (BTC) $ 28,710.69
ethereum
Ethereum (ETH) $ 1,816.69
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 329.49
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.439404
cardano
Cardano (ADA) $ 0.380763
dogecoin
Dogecoin (DOGE) $ 0.077446
staked-ether
Lido Staked Ether (STETH) $ 1,814.09
matic-network
Polygon (MATIC) $ 1.15