Uber Co-founder to Launch No-Fee Exchange

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager
26 July 2018   1382

Voyager, a zero-fee cryptocurrency trading platform will be launched in USA. The startup is analogous to the American app Robinhood. This is reported by Fortune.

The project participants are Uber co-founder Oscar Salazar, investor of Uber Philip Eytan, and head of the retail broker Lightspeed Financial Stephen Ehrlich . The latter is the CEO of the startup.

We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions. [Voyager will make up the difference in revenue] by beating the average price of the coins at the point in time we execute the trade.

Stephen Ehrlich

CEO, Voyager

The company will function as a free service aggregator for more than ten trading floors. This will allow traders to buy / sell Crypto-currency at the best price.

Initially, 15 crypto-currencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, will be presented on Voyager. According to Stephen Ehrlich, the company tends to add assets that are not available on most major US sites, including XRP and Stellar. However, before this, Voyager will ensure the safe storage of these crypto-currencies.

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager.

In the future, the platform plans to offer additional services for hedge funds and institutional investors, as well as launch news and analytical services.

The introduction of a free Voyager product to the US crypto-exchange market will be gradual due to the need to obtain licenses from the country's regulators. Currently, the site has permits for trading operations in several states, including California, Massachusetts, Missouri, New Hampshire and Montana.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.