EXPREAD: New Trading Paradigm to Put Centralization to Halt

From this article you will learn about a new trading paradigm that aims to tackle the problem of centralization
09 February 2018   867

After Bitcoin was first conceived and announced, it was commonly perceived as a currency to put a lid on centralization of finance and bring financial freedom to people. However, as the industry and the user base expanded, numerous exchanges popped up offering people to trade some of this freedom for comfort.

With hashing power in Bitcoin concentrated in the hands of only a few major players, and exchanges operating on centralized paradigm prone to hacks, inside jobs and other risks inherent in older models, the cryptocurrency industry is incredibly far from the ideals of decentralization outlined by Satoshi Nakamoto almost ten years ago.

Safety and privacy guaranteed by mathematically unbreakable algorithms of cryptocurrency are absent or almost absent from most exchanges present nowadays. Keeping your cryptocurrency at an exchange is commonly regarded as being next to madness. The question of privacy is off the table as well. The remarkable instances of numerous exchanges that went down with a fuss, halted withdrawals or closed due to failure to comply with regulations demonstrate that the system that ought to bring freedom to people doesn’t really work.

There have been numerous attempts to make it up with decentralization. One of the most remarkable instances of such is EXPREAD, a solution that goes beyond a single exchange but aims to tackle the problem of creeping centralization as a whole.

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EXPREAD liquidity model enables a seamless aggregation of the market depth to harvest the synergy value from unified liquidity pool.

 

Carlos Gao 

Сo-founder, EXPREAD

What EXPREAD offers is an umbrella ecosystem for exchanges that may operate in both centralized or decentralized fashion while having a common order book thus creating a seamless trading framework. Essentially, such an ecosystem would combine the user-friendliness of centralized exchanges with the safety and privacy of their decentralized peers. Both kinds of exchanges will be built on top of this framework thus making things easier for users and exchange administrators. The system will also make it simple for anyone to create their own exchange if they will.

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2018 promises to be an important year for our platform as the team puts forth a global agenda in order to ensure its fast and sustainable development through acquiring strong partnerships and further funding. We are inviting the active crypto enthusiasts to join our telegram global community in order to gain more insight directly from the founders and technical team of the platform.

 

Leo Liu

CEO, EXPREAD

It is, of course, a question whether the wider community of traders gets onboard such a solution as it would require them to relinquish something, though flawed and far from perfect but well-known and perfectly understood.

The model offered by EXPREAD, however, has the potential to bring about decentralization that went missing from the cryptocurrency industry years ago.

Ripple to Plan to Target Chinese Market

It has became known that Ripple has plans for Chinese market as early as in March
16 August 2018   168

Ripple, the provider of financial solutions, plans to enter the Chinese market with its blockchain solution for international payments. This is reported by CNBC.

China is definitely of interest, it is definitely a target. China is definitely a country and region of interest.
 

Jeremy Light
Vice president of European Union strategic accounts, Ripple

It has became known that Ripple has plans for Chinese market as early as in March. As the head of the Ripple representative office in the Asia-Pacific region, Sagar Sarbhai, stated at the time, the company is actively negotiating with state institutions and banks of the PRC, regulating regulatory and legal issues, as well as educational work, telling about the advantages of new payment solutions.

Earlier, Ripple entered into a deal with a financial firm from Hong Kong LianLian International. The purpose of the agreement is the use of the xCurrent product by the Hong Kong company to create a system of international payments.

The Ripple product based on the distributed registry technology was originally created for the organization of fast and international payments. More than 100 financial organizations cooperate with the company, including UniCredit, UBS and Standard Chartered.

Against Ripple Labs there has been filed three lawsuits on charges of manipulating the price of the XRP token. At the same time one of the claims was rejected by the Northern District Court of California.