AutoBitco from Malaysia, which specializes in stablecoin trade, announced that it has launched its native ABCO token. With encrypted communication built between traders, the token offers a better level of trading security.

AutoBitco is a trusted platform that has worked in P2P cryptocurrency trading for some time. Bloomberg reports that 78% of ICOs that were launched in 2018 were scams, a time when frauds and new tokens were rife. Countering this rising means of stealing people’s hard-earned money, AutoBitco concentrates on providing a secure environment for traders, both large and small. Its ABCO token launch is also designed to give confidence to users.

ABCO has many features to help AutoBitco trader. ABCO offers discounts on trades that are natively AutoBitco-related, which will allow users to save money. This will ensure trades run smoothly and that transactions are escrowed. Only the trader is privy to messages. Outsiders cannot access them. ABCO was created using deflationary economics. The token’s supply is limited to 300 million tokens. However, passive profit opportunities are expected to grow its value. It is listed already on the, which is one of largest decentralized exchanges.

There has been a lot of interest in stablecoins due to the recent price rise. They are the ideal entry coin for many people, as they allow them to purchase crypto tokens that can be traded and retain their value. Stablecoins have also seen a rise in value, reaching $130.7 billion. AutoBitco offers people the chance to trade in Bitcoin and stablecoins. Currently, it allows BTC and USDT trading. Future plans include adding other stablecoin options.

AutoBitco’s mission is to provide easy access to basic trading and ABCO seems to be a step in the right direction. P2P Platform already lowers entry barriers, offering over 350 options for P2P traders, to settle their trades. It also introduces optional KYC where traders may remain anonymous if desired, but at a reduced trading volume. P2P trading volumes can be significantly reduced if KYC or other regulations are introduced. This can adversely affect the market. The flat fee is what the platform chose to pay instead of a percentage-based fee as many trading platforms would prefer. The fee is the same regardless of how many trades are performed, which encourages people to make larger trades. You can save even more money by using the ABCO token as a payment method. It offers trade discounts.

AutoBitco’s success is due to its development team. They have more than three decades combined experience in financial technology and money remittances. The team, which has been working in crypto for 7 years, have created a safe environment that gives the public access to Bitcoin and stablecoins. This allows them to perform simple trades, as well as hedge against negative price movements. The introduction of the ABCO token, which will be used to strengthen the platform and the smaller players on the market, is in line with plans to expand stablecoin support to additional tokens.

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