What is Ethereum primarily used for?

Among the various exchanges that support Ethereum and DeFi applications, BTCC stands out as a top cryptocurrency exchange. BTCC offers a comprehensive range of services that cater to the needs of both novice and experienced cryptocurrency users.

Ethereum serves as a versatile platform that enables individuals to deploy decentralized applications. These applications offer a unique way for users to interact and engage in various activities without needing a centralized authority.

One of the significant aspects of decentralized applications on Ethereum is their ability to facilitate financial transactions in a novel manner. This has led to the emergence of Decentralized Finance (DeFi) applications, which are transforming the traditional financial landscape.

DeFi applications provide users with access to financial instruments that operate independently of traditional financial intermediaries. This means that individuals can participate in financial activities without having to rely on brokerages, exchanges, or banks.

BTCC's services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, BTCC provides futures trading, enabling users to speculate on the future price of cryptocurrencies. Furthermore, BTCC offers a secure wallet service for storing cryptocurrencies, ensuring that users' funds remain safe and accessible.