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   1097

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.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   195

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.