Bitsten

Bitsten presents itself as a centralized cryptocurrency exchange that was established in 2017 in Indonesia. The platform is strategically growing to emerge as a leading player in the cryptocurrency markets of Indonesia and greater Asia. Bitsten is designed to provide a seamless and professional trading experience for its users, whether they are new to the crypto scene or seasoned market participants. The exchange distinguishes itself through its competitive fee structures, which are designed to attract high levels of liquidity. Taker fees are set below the industry average while makers transact without fees, promoting active trading. Beyond its trading conditions, Bitsten supports an extensive variety of cryptocurrencies, though it lacks offerings such as margin trading or deeper links with the decentralized finance ecosystem. The platform's technical infrastructure is further enriched with features like live trading charts and comprehensive liquidity data.

In terms of tokenomics, Bitsten leverages its native digital currency, Bitsten Token (BST), which is integrated within the ecosystem primarily as a means for fee payments. BST, an ERC-20 token, facilitates transaction settlements on the platform. It forms a crucial component in Bitsten’s broader attempt to build an ecosystem that supports swift blockchain project deployments and its potential for crypto-based startups to leverage its white-label solutions. Despite its aspirations and innovative technical offerings, Bitsten has garnered criticism for a lower-than-average security score, pointing to the necessity for enhancement in its security protocols to gain further confidence from investors and users. As the exchange works towards solidifying its footprint, its success is tightly tied to addressing these security concerns while capitalizing on the broader opportunities in the digital assets space within Southeast Asia.