Whaleclub is a new bitcoin startup that allows anyone to trade the financial markets by using bitcoin, without the need for a bank account. Traders can go long or short on cryptocurrencies, forex, commodities, indices, and stocks, using bitcoin as opposed to fiat currency.
In this exclusive interview with Finance Magnates, one of the top executives in the venture reports that since Whaleclub was launched in January of this year, 10,000 traders have traded over $100 million USD. Current trading volume on Whaleclub is about 60% regular trading and 40% leveraged ‘turbo trading’.
Petar Zivkovski is Whaleclub’s chief operating officer. He has many years of experience in finance and trading – specifically equities and FX, starting in 2002. He has worked as a junior trader, then later as a senior trader on small caps, and also as an individual trader trading private external capital.
“Since 2013, I’ve traded cryptocurrencies, particularly bitcoin, and built trading systems around that including automation, arbitrage, front-end systems, and others. In doing so, I discovered the potential of digital currency and how it can have significant advantages over fiat in specific use cases around speed, efficiency, borderless transactions, and anonymity. Trading of financial markets was one of those use cases and that’s how Whaleclub started.”