Online cryptocurrency exchanges are not just for individuals: a quick guide to a corporate cryptocurrency exchange account

Not so long ago, the idea of companies or institutions buying or selling cryptocurrencies could seem absurd. However, as digital assets continue to grow exponentially and become widely popular, more and more businesses are looking to ride the wave and get involved in this online cryptocurrency exchange arena.

“A Coinbase survey of institutional investors conducted in the last quarter of 2022 revealed that 58% respondents plan to increase their cryptocurrency purchases over the next three years. In addition, almost half of the respondents expressed a strong belief that the valuation of cryptocurrencies is likely to grow rapidly over time.

These survey results show that institutional institutions are increasingly optimistic about the future of cryptocurrencies.

In addition, according to cryptocurrency news portal Bitcoinist, institutions currently control almost 8% of the total bitcoin supply, i.e. more than 1.6 million. BTC.

These new trends underline the importance of corporate crypto accounts and the vital role they can play in connecting businesses to the digital currency space. At Bintense, we recognise the importance of these trends and provide state-of-the-art online cryptocurrency exchange accounts to our corporate clients. Our corporate account is easily accessible through a simplified verification process of just five easy steps.

Why opening a corporate cryptocurrency exchange account can benefit your business

Given the relatively recent and unique nature of cryptocurrencies, there remains a high probability that their value may increase over time. Monitoring cryptocurrencies can therefore be a useful business development strategy, especially if you have a long-term perspective.

Also, as a company, spreading the funds across multiple channels can be a wise move. By looking into cryptocurrencies, you can diversify your company’s portfolio, opening up new avenues for growth and financial opportunities.

In addition, cryptocurrencies can be a good choice for companies that prefer anonymity for their financial investments. In online cryptocurrency exchanges, data is recorded in public ledgers, but no one can identify who holds the keys to those addresses. This feature can provide an extra layer of protection for your business in the event of any potential data breach or theft.

Start of use of corporate cryptocurrency accounts

Typically, to set up a business cryptocurrency account, you need to provide additional documentation that is not required for personal accounts. These may include tax documents specific to the country in which the business operates, as well as information about the majority owners. In addition, in order to deposit funds, you may need to link the business bank account to the company crypto account.

At Bintense, we require that our business customers Our goal is to provide our members with an optimal experience by implementing a secure, seamless and convenient online cryptocurrency exchange system.