In traditional market, clearing delivers safe and reliable payments systems, facilitates bank-led payments innovation. Buyers and sellers deal with the clearing "house" rather than each other which centralises everything and makes the whole complex business easier and quicker.
In return for that risk, buyers and sellers have to keep money in a special account with the clearing house in case there are problems. It is the process of guaranteeing financial market transactions between both parties.
This is what we lack in the cryptocurrency industry. There is no practical approach for addressing the lack of security in the use of trusted networks like Bitcoin or Ethereum network, mainly being a current lack of security in cryptocurrency trading. This will prevent mass-adoption of cryptoccurency and reducing the efficiency for the industry.
But again, we still need a decentralized solution not a centralized one.
DAEX offers marketplace and clearing services for broad range of products, such as DAEX Wallet, DAEX Clearing Chain and DAEX Fund. By using DAEX clearing, settlement and custody, any business can grow with the power and flexibility of blockchain technology.
DAEX is creating new ways to trade digital assets like cryptocurrencies by providing trustworthy intermediation between traders and exchanges. DAEX enables organizations and enterprises of any size to achieve their goals which can be costly and time consuming.
As an exchange, you need to ensure that you provide secure transactions and that your customers don't have to worry about their data and wallet security.
As a business, maintaining payment security is required for all entities that store, process or transmit cryptocurrency transactions.
From the very first contact, DAEX team is working hard to design and deliver a decentralized platform that both meets the industry standard and hits the mark:
1. FOR CRYPTOCURRENCY INDUSTRY
A decentralized clearing and settlement ecosystem based on DLT
2. FOR CRYPTOCURRENCY EXCHANGES
A bridge for connecting multiple centralized exchanges.
3. FOR CRYPTOCURRENCY TRADERS
A reliable custodian of multiple assets. Accessible with secure a multi-segment key.
DAEX blockchain-based intermediary component solves trust and security problem with all this technology. This will improve the whole cryptocurrency technology infrastructure and greatly increase trust and security through openness and transparency . The whole experience of cryptocurrency trading hopefully will keep users from having to go through the hassle of using and choosing exchanges down the road. The point is that end users can decide for themselves. End users will have full control and ownership of their assets.
Learn more about DAEX and how they can change the landscape of cryptocurrency at: https://www.daex.io/daexPaper.do
