PayBito, a digital asset exchange based in the US, has been recognized with multiple awards for its cutting-edge white-label architecture. They offer it to enterprises and financial institutions. PayBito is a prominent player in the global crypto community. The exchange has been adopting innovative strategies. Thereafter, this enabled it to partner with various financial institutions all over the United States. Therefore, significantly contributes to the growth of cryptocurrency adoption. PayBito provides its white-label architecture to a global enterprise in the Middle East. Therefore, marking yet another milestone in its quest to expand its services to a wider audience.
In recent years, the crypto market in the Middle East region has witnessed an unprecedented surge. According to a survey by Chainanalysis, a blockchain analytics platform, the region boasts of the fastest-growing crypto markets globally. Between July 2021 and June 2022, the Middle East accounted for 9.2% of the total global crypto transactions. Therefore, indicating a significant rise in crypto adoption. Additionally, two countries from the Middle East, namely Turkey and Egypt, are among the top 30 nations as per the crypto adoption index.
PayBito has gained a significant foothold in the digital asset exchange market. With over 1.2 million registered crypto traders. Moreover, with daily turnovers of more than $1.5 billion. The platform offers its users a wide range of trading options such as Basic, Pro, Futures, Options, OTC, and more by integrating crypto-forex technology. PayBito’s architecture incorporates advanced security features, such as multi-fiat and crypto compatibility, SegWit, 3-point defense architecture, ERC20, Multi-factor Authentication, database encryption, hot/cold wallets, and other cutting-edge technologies. Therefore, ensuring maximum security and reliability.
CEO of PayBito, Raj Chowdhury states, “The growing crypto industry in the Middle East showcases the importance of learning lessons from the past and stepping up towards future innovations. PayBito will continue to provide its top-notch solutions and set new standards in the global crypto market.” He has highlighted the importance of standardized regulations for crypto sustenance.
Crypto adoption is increasing globally. That said, financial institutions and enterprises are now looking to offer crypto trading services to their customers. PayBito’s white-label architecture provides a solution that enables institutions to capitalize on this opportunity and leverage the growing technology to expand their services.