SIX Swiss Exchange to Use Corda

Corda technology will be used to provide peer-to-peer transactions, create smart contracts and even conduct STO
07 March 2019   777

Swiss largest stock exchange, SIX Swiss Exchange, uses the Corda blockchain platform from the R3 consortium to create a SIX Digital Exchange (SDX) regulated platform for trading digital assets, settlements and custodial services.

SDX will offer institutional customers access to traditional financial and digital assets. Corda technology will be used to support peer-to-peer transactions, create smart contracts (programmable securities / tokenized assets) and conduct STO.

Investors will not only be able to trade assets, but also use them as collateral, loans and payment units in the markets for other assets within the SDX ecosystem.

Exchange products (ETP) based on Bitcoin and Ethereum are already available at the site. The launch of the latter took place at the beginning of the current week.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   972

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.