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October 4, 2022
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What makes Geco.one different from traditional cryptocurrency exchanges? Interview with CEO Marcin Wituś. –

Soon, the Geco.one platform may become one of the largest players on the market of leveraged instruments for cryptocurrencies. In terms of UX, it is already ahead of the current segment leader – BitMEX.

One of the founders and CEO of Geco.one is Marcin Wituś, who has been involved in the investment industry on the traditional market for 10 years. He became interested in cryptocurrencies in 2017. He already knew then that digital assets are the future and will interest even the largest investors. It was then that he noticed a niche in this market, which was the lack of leverage products. The only significant entity that offered Bitcoin leverage at the time was BitMEX. In addition to BitMEX, in 2017, there were literally a few entities providing similar services. It was undoubtedly an opportunity for us – says Marcin Wituś.

This is how the idea for Geco.one was born. The experience gained by Marcin on the traditional market allowed to transfer some of the proven solutions to the world of digital assets. It only took investors who would believe in the platform. The first one knocked on the door himself.

As a trader at a bank, I served clients in the field of investments in the currency market, FX, options and dual currency investments. My client at that time was Rafał Kołakowski, who suggested that we jointly carry out a project on digital assets. Thanks to his capital and experience, we were able to start our project. He was the first investor without which Geco One OU would never exist. He is a shareholder to this day and supports us with his business experience – he emphasizes.

Geco.one is not a SPOT exchange, which the statistical Kowalski goes to to buy his first Bitcoin in his life. First of all, it is a margin platform for a user who has Bitcoin, trading knowledge and experience in this area. Crypto pairs can only be traded on a Bitcoin deposit. This also applies to pairs such as BTC / USD. A user who does not want to exchange BTC for FIAT currencies can use Geco.one to take a short position and thus secure his long position in BTC – this is quite an innovative solution.

What else distinguishes Geco.one from spot exchanges?

In the case of SPOT exchanges, tools such as Take Profit or Stop Loss are often missing. Spot exchanges also do not have such advanced order types as geco.one. We have transferred a lot of necessary trading tools for the crypto world, which until recently were not known to cryptocurrency users – says the CEO.

Geco.one, or the Hammer on BitMEX

After raising funds to build the platform and the right people for the team, it’s time to conquer the cryptocurrency market. Geco.one it consistently built the position of a safe and intuitive platform, while more and more controversy began to grow around BitMEX. In 2019, there was a leak of user data from the BitMEX database.

– In terms of security, Geco.one focuses primarily on “cold wallets”, such as Ledger or TREZOR. As much as 98 percent. funds are stored by us on hardware wallets. Geco.one uses BITGO solutions, which are used by many large and well-known SPOT exchanges – says Marcin Wituś. In practice, this means that Geco.one’s digital resources are stored by specialists on a dedicated infrastructure not connected to the Internet. Such a mechanism prevents hackers from stealing cryptocurrencies, even if by some miracle they managed to break into the platform.

Another advantage Geco.onethat encouraged users became UX. We wanted to transfer solutions known to us from the traditional market. We followed the example of the Saxo Bank platform. For example, all sheets or charts are fluid and we can freely move or pin them. We have also made available a multi-screen from the level of a web browser, which allows users to browse the stock exchange on multiple windows or monitors at the same time – adds Marcin.

The platform has also created a proprietary GEC token, which allows to reduce transaction costs and provides some Geco.one functions only to its holders. It was modeled on Binance Coin. The token is also deflationary – each time it is used on the platform, it will be destroyed. GEC will soon be listed on the Coineal and LAToken exchanges. It has already become so popular that more exchanges have started to report to Geco.one, which also want to have it at home.

The future of Geco.one is PAMM service

Geco.one does not idle, constantly expanding the platform’s capabilities. PAMM service (social trading) accounts will be introduced soon, allowing newcomers to enter the world of investment. Amateurs who own Bitcoin will be able to successfully multiply their profits by copying experienced players. We want Geco.one to be friendly to both experienced and novice users. The platform is intended only for Bitcoin holders. Its deposit allows you to make long and short positions on all available instruments – adds the CEO of Geco One OU.

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