Crypto exchange MultiBank.io launches ‘Panic Sell’ feature for instant asset liquidation

As part of its continuous development, cryptocurrency trading platform MultiBank.io has recently announced the introduction of an innovative ‘Panic Sell’ feature with the goal of streamlining and boosting the crypto (and fiat) trading experience for its users.

Indeed, the crypto exchange arm of the financial derivatives giant MultiBank Group has introduced the said ‘Panic Sell’ tool that allows users to quickly convert all positions into a digital asset or even fiat currency with a single tap, after which they can wire out the funds to linked bank accounts, the company said on October 26.

‘Every second counts’

Commenting on the recent development of his company’s newest feature, MultiBank.io’s CEO Zak Taher has pointed out its exceptional importance in today’s fast-paced financial markets and clients’ growing needs:

“During tumultuous market conditions, every second counts. Our ‘Panic Sell’ feature stems from a personal pain point I faced in my trading journey. It’s not just a tool; it’s our commitment to empower every MultiBank.io user with swift decision-making capabilities when they need it most.”

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As Taher believes, the MultiBank.io users would find this feature invaluable, and the crypto exchange platform currently finds itself at the beginning of “an exciting journey, armed with a comprehensive roadmap of innovative Features poised to serve as invaluable assets for the traders of tomorrow.”

For now, MultiBank.io supports thirteen major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), XRP (XRP), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Polkadot (DOT), Litecoin (LTC), TRON (TRX), Avalanche (AVAX), Stellar (XLM), and Chainlink (LINK), while announcing more listings in the future.

According to the crypto exchange, the prestigious MultiBank Group carries out an average daily trading volume of $12.1 billion and aims to maintain superior standards of transparency and safety of client funds, to which end it holds regulatory licenses on five continents worldwide. 

Recently, the group has announced a revenue of over $112 million and a trading turnover of $3 trillion in a record-breaking financial quarter, as well as recording a massive 48% increase in profits from 2021 to 2022, as well as a 35% gain in net income.

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