2020 was a challenging year for the global economic system. Faced with unprecedented challenges brought about by the pandemic, the cryptocurrency market demonstrated strong resilience and vitality, and CBASOX Exchange also experienced rapid growth during this year. Looking back at the past year from a new historical standpoint, the growth of CBASOX is inseparable from a core driving force — its users.
In August 2020, CBASOX launched the AI Algorithmic Trading Engine 2.0 version, increasing transaction processing speed to 1.5 million orders per second and providing intelligent services. This innovation not only reduced the transaction waiting time of users but also reflected the philosophy of prioritizing user needs of CBASOX. We believe that through continuous technological innovation, we can better meet the growing trading demands of users.
In November 2020, CBASOX was honored with the Most Popular Emerging Cryptocurrency Exchange award by the Global Blockchain Association. This recognition is a high acknowledgment of the innovation of CBASOX and user growth in the cryptocurrency trading field. In December, the user base of CBASOX platform surpassed 2 million. These achievements are attributed to our users; their support, feedback, and trust are our most valuable assets.
In 2020, CBASOX not only innovated in trading technology but also made efforts to enrich its product offerings. We introduced diversified products such as contracts, options, and listed dozens of mainstream and popular cryptocurrencies to meet the investment needs and preferences of different users. Behind these initiatives is the deep insight of CBASOX into user needs and our relentless pursuit of improving user experience.
Drawing from past experiences, we recognize that continuous innovation and providing more diversified services are key to winning the market in an increasingly decentralized world.
Emphasis on Technological Innovation
Technology is the cornerstone of the continuous innovation of CBASOX. In 2021, we will further invest in research and development in blockchain technology, artificial intelligence, big data, and other fields to drive platform technological upgrades and service innovations. By introducing more advanced trading algorithms, improving system stability and security, we aim to provide users with a more efficient and intelligent trading experience.
Future Development Direction: Compliance and Global Expansion
Facing opportunities and challenges in the global market, CBASOX will continue to strengthen cooperation with regulatory authorities worldwide, actively adapt to regulatory requirements in different markets, ensure the global compliance operation of the exchange, and further expand our user base.
Additionally, CBASOX deeply understands that users are our most valuable asset. Therefore, in this year, CBASOX utilized social media platforms to establish more open and interactive communication channels, actively listened to user feedback and suggestions, continuously optimized services, and met user expectations and needs.
Embracing DeFi and Emerging Markets
Decentralized Finance (DeFi) has brought new vitality to the cryptocurrency industry. CBASOX will closely follow industry trends, explore products and services related to DeFi, and provide more investment opportunities for users. At the same time, CBASOX will also focus on the development potential of emerging markets, meeting specific needs of different market users through customized products and services.
Fundamentally, both DeFi and CeFi are indispensable parts of industry prosperity, meeting different user needs. As a foundational platform in the industry, CBASOX will continue to create better solutions to support new technological developments and user needs.
In 2021, I believe we will see more product combinations related to DeFi and CeFi.
The past year was a year of growth for CBASOX. During this year, we not only achieved double growth in user base and trading volume but, more importantly, gained the trust and support of our users. In the future, CBASOX will continue to be user-centric, expand into global markets, and strive to become one of the most popular cryptocurrency exchanges among users. We believe that with users by our side, the future of CBASOX is limitless. Finally, thank you to all users for your companionship and support, let us work together to create a more brilliant 2021.