On August 12, 2024, UPTX successfully held the inaugural “Keeping Up with UPTX” themed product face-to-face event at X Space. UPTX Product Managers Lucas and Alex provided professional answers and insights on user concerns regarding product features, experience, and security.
UPTX believes: “The competition in the cryptocurrency asset market has always been fierce. After several cycles of development, many exchanges have emerged and vanished. In the wake of this competition, the ‘operations-heavy, product-light’ approach has been phased out by users. Aside from leading exchanges like Binance, a number of exchanges that focus on the essence of asset trading, prioritize user asset security, and actively embrace compliance have gradually established themselves and grown against the market trend. UPTX is a standout among them, with a solid reputation in the industry thanks to its robust trading mechanisms and underlying infrastructure.”
Regarding product features, Lucas stated: “Unlike conventional trading platforms, UPTX is not only a cryptocurrency derivatives trading platform but also a comprehensive trading platform covering a wide range of asset classes.”
UPTX offers trading in various products including stocks, forex, commodities, indices, and ETFs from traditional financial markets. The goal is to enable global asset trading through a single wallet, with advantages such as social trading, community engagement, and real-time information, meeting modern investors’ needs for diversified asset management. This allows investors to easily perform cross-asset transactions on one platform, significantly enhancing asset liquidity and investment potential.
In terms of asset security, the inherent characteristics of cryptocurrencies—anonymity, irreversible transactions, and decentralization—make exchanges vast repositories of assets and targets for hackers, including top platforms like Binance. Additionally, due to issues such as data opacity and poor management, asset misappropriation by exchanges is common in the industry, posing significant risks to client assets.
Security is crucial for exchanges, and UPTX has designed its protection from the ground up. UPTX employs multi-layered security measures, including two-factor authentication (2FA), cold wallet storage, advanced encryption technology, and regular third-party security audits. Furthermore, UPTX strictly adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) policies to protect user funds and data.
To better support both new and existing users in exploring the world of cryptocurrency assets, UPTX offers a range of infrastructure, products, and services. The platform’s technology and user experience are enhanced by insights into user sentiment and underlying product logic to gain user approval.
On the technical side, the platform undergoes major updates every 3 to 4 weeks to introduce new features and improvements, with weekly minor fixes and optimizations. This frequent iteration ensures that the platform can quickly respond to user feedback and continuously improve the user experience.
Additionally, UPTX is working to enhance its market analysis tools and integrate them into the community section. The community is envisioned as a hub for sharing, learning, and obtaining valuable market insights, investment advice, and educational content.
On the trading front, UPTX’s copy trading feature allows users to follow the strategies of experienced traders. The platform offers options for proportional and fixed amount copying, with customizable take-profit and stop-loss settings. This feature lowers the entry barrier for novice traders and provides a more convenient trading experience.
Institutionalization of cryptocurrency assets, coupled with clearer regulation, will attract more large-scale investors and capital into the field. Meanwhile, the importance of retail users will remain unchanged, as the primary early adopter group continues to expand, attracting new users from new regions and demographics. They need a more intuitive user experience, easy-to-understand cryptocurrency knowledge, user support, and ongoing innovation—UPTX is designed to meet these needs.
The first “Keeping Up with UPTX” event is just the beginning. In the future, UPTX will hold these events every 1-2 weeks to build a communication bridge between the product and its users.
By continuously engaging in face-to-face communication with users, gathering firsthand feedback, and rapidly iterating on the product to meet user needs, UPTX aims to create a positive feedback loop. This communication bridge is not only the engine of product evolution but also the cornerstone for UPTX’s ongoing progress and user trust.
Disclaimer: This press release may contain certain forward-looking statements. Forward-looking statements describe expectations, plans, outcomes, or strategies for the future (including product offerings, regulatory plans, and business plans) and are subject to change without prior notice. Please be advised that such statements are influenced by various uncertainties, which may result in future circumstances, events, or outcomes differing from those predicted in the forward-looking statements.
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Company Name: UPTX
Contact Person: Grace Lin
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Country: United States
Website: https://www.uptx.com/