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MultiBank - The Future of Crypto Derivatives

MultiBank - The Future of Crypto Derivatives

Do you know how it feels to trade Crypto Derivatives with up 100x leverage and get rewarded for it?

Stop wondering and check out @multibank_io
A GAME CHANGER in the crypto trading space!!

Let's learn how it works and position for their $MBG token

Outline:

To make this thread much easier to read and understand for even newbies, grouping this into 3 topics:

--> Who are the MultiBank Group and what is MultiBank

--> Setting up a trading account

--> Basics of trading derivatives with MultiBank

--> $MBG Token

Keep reading 👇

We can't talk about MultiBank without first talking about MultiBank Group

MultiBank Group was established in California, USA, in 2005. and have evolved into one of the largest financial derivatives providers worldwide, with a current paid-up capital of over $322 million

Multibank group was founded by Naser Taher who has over 36 years of global experience in financial and commercial industries

After years of experience in the financial derivative market, they came up with MultiBank an all-in one spot & derivative exchange

Their mission is to create the ultimate ecosystem to facilitate integration between the traditional financial derivatives markets and crypto

Let's dive more into how it works and how to setup an account with them 👇

Setting up an account with MultiBank:

To Set up a trading account on MultiBank, Here are a few steps you should follow:

For your KYC, you can either use a passport, driver license or national ID
Tip: use a bank statement for the address verification

Basics of Trading with MultiBank:

Now let's get into the basics of trading with MultiBank

Currently only spot trading is available but soon you will be able to trade derivates with up to 125x leverage.

Spot trading with Multibank
- Go to https://trade.multibank.io/trade/BTC_USD
- Select a pair
- Buy and pay with USDT

Now that we understand how to set up our trading account and the basics of trading with MultiBank, Let's talk about the upcoming $MBG token and it's utilities.

If you wanna learn more about how spots or futures trading works, read this:

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Trading 102: Demystifying Leverage, Liquidation, and Margin in Crypto
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$MBG token and it's Utilities:

The $MBG token is the foundation for the creation of an incentive-based community that provides value to all network stakeholders at multiple touchpoints.

There are a multitude of benefits of either ‘holding’ MBG and/or staking, including:

  • Discounted trading fees on all companies within the MultiBank ecosystem
  • Increased Maker Fee rebates
  • Access to other Initial Exchange Offerings (IEO) held on our native chain
  • Increased referral commissions
  • $MBG will be used as a base currency to gain access, purchase and transact within all our projects and many more

MultiBank also plans to launch their own native L1 chain named: "Multibank Chain"

MultiBank Chain:

Multibank Chain will allow all network participants to stake their $MBG to earn transaction fees for validating and securing the network.

Powered by $MBG ,which will be used as gas to fuel all transactions on-chain.

MultiBank Chain will Feature:

  • EMV & Smart contract compatibility
  • Scalability
  • Tokenize commodities and implement commodity DeFi pool swaps with various assets such as MBG, MUSD etc.


The MultiBank Chain will introduce goverance and staking of $MBG and Dapps on-chain. The MultiBank Chain will also introduce the MultiBank Bridge to connect the ecosystem with other chains such as BNB, ETH and SOL.

The aim is so the $MBG token will be able to operate on other blockchains, further enhancing the reach and utility benefits of the entire ecosystem.

Benefits of Trading with MultiBank:

The Multibank exchange features:

  • Competitive fees
  • Security of funds
  • Spot trading and Derivative trading with up to 125x leverage
  • multiple deposit/payment options
  • users can earn $MBG and it's benefits

So far we've seen how to set up and trade with MultiBank, Along with some utilities and benefits of the MultiBank and MultiBank Chain.

Now let's give a summary of the various ecosystems built around the MultiBank and MultiBank Group

MultiBank and MultiBank Group Ecosystems:

There are various ecosystems which are built around the core idea of MultiBank and MultiBank Group.

These various ecosystems include:

  • Multibank io - Trading CEX'
  • Multibank Inc - Physical international bank
  • MEX pay - Internet payment gateway with discounted fees when staking $MBG

Final Thoughts:

MultiBank is looking to set a new mark as a leader in the crypto trading sector.

This could end up becoming the go to trading platform across Binance, Bybit and MEXC

For those who usually have a really hard time in reading long writeups, I created an infographics for you that summaries MultiBank.👇

For those looking to connect with the team, here is a list of their socials:

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