These positive developments give rise to a healthy and competitive ecosystem. For Burency, the largest crypto exchange in the region, it allows them to expand their presence. With over 45 trading pairs, contract trading, and an OTC desk for large purchases, the company has risen the ranks rather quickly. At its core, the team wants to boost the widespread adoption of blockchain technology and cryptocurrency across the Middle East.
To grow the business beyond trading and exchanging, Burency also plans to be active in the mining segment. Additionally, Burency has a Blockchain Development center to advise enterprise clients on distributed ledger applications and opportunities. Education is an essential part of bringing more positive attention to the cryptocurrency and blockchain industry.
Other milestones to complete including the mining farm and focusing on blockchain business solutions. That latter option will introduce more people to the benefits of distributed ledgers across the Middle East. As one of the biggest hubs for all financial activity, the region can benefit from better efficiency, accessibility, and transparency.
It is interesting to see how “traditional” cryptocurrency exchanges are bridging out to explore numerous industry opportunities. It is essential to tackle the industry from many different sides to ensure broader participation. Going beyond traditional trading and focusing on mining, blockchain education and investing, and setting up a data center can all be worthwhile options.
Regarding the mining facility and data center, investors can get in on the action through the native BUY token. The token grants access to timeshare slots for the mining facility. Additionally, Investors can also use it to acquire computational power via the data center.
The future of cryptocurrency and blockchain looks exciting. More and more people – and corporations – show an interest in this space, solidifying its overall appeal and viability. There is still a long way to go until mainstream adoption can be achieved, however. Efforts like these provide essential building blocks for a future where decentralization takes center stage, rather than being considered a niche.
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Source: Cryptocurrency - investing.com
