Welcome to the August 2023 edition of our monthly report – your backstage pass to all things BitcoinVN, your favorite Bitcoin & Cryptocurrency Exchange in Vietnam.
Business news
As the market only recently showed new signs of life after a tedious amount of sideways movement, our exchange volume reached 89.5% compared to the previous time frame, making it the second best month of the past year.
While the market witnessed this fiery awakening, our users’ sentiment continue to lean bearishly. Glance at the past 5 years’ trends:
Stablecoins and Dong are increasingly taking the stage, as our users sway away from the volatile cryptocurrencies, embracing safety in their moves.
The data might not be representative for the market as a whole, but our users aren’t taking much of any risk at this time.
Monero on the rise
As many exchanges keep chickening out and delisting Monero, our XMR exchange volume saw a significant uptick during this month.
In August, XMR has taken the 3rd spot in terms of exchange performance, which is typically occupied by BCH (now 4th), after USDT (1st) and BTC (2nd).
Bitcoin Thailand
Our team took the orange pill in Bangkok and participated in the Bitcoin Thailand Conference. Read our round-up here.
BitcoinVN Rewards
We finally came around to implement something we had planned for a long time.
If you have ever used our exchange, you must have noticed being airdropped some XBV (our reward token). For each full USD in exchange volume, you have received and will keep receiving 1 XBV. But what is it good for?
With varying XBV counts, you unlock access to different levels within our rewards program, each ushering in distinct percentage based exchange fee discounts:
| Level | XBV requirement | Discount |
|---|---|---|
| Member | 0 – 9,999 | 0% |
| Silver | 10,000 – 49,999 | 5% |
| Gold | 50,000 – 249,999 | 10% |
| Platinum | 250,000 – 999,999 | 15% |
| Elite | >= 1,000,000 | 20% |
Check out the rewards page to see what discount your account qualifies for!
Hold onto your excitement; a second airdrop tied to your account age is in the wings for September 2nd. Early birds, this one’s for you!
That’s enough for now. See you next time!
Your BitcoinVN Team
