Our guest in this installment of the Founder Interview Series is Alex Kravets, founder and CEO of XTRADE.io.
XTRADE is a new cryptocurrency trading platform that helps solve common problems in the fragmented crypto market. For example, the difficulty of navigating through multiple accounts on crypto exchanges, or waiting too long for your orders to be executed. These guys are creating four products using blockchain technology that will bring crypto trading up to the standard of Wall Street. They are raising $45m to build the platform, and in this interview Alex Kravets walks us through the idea behind XTRADE, the products and their roadmap.
Why four products?
As Alex explains, XTRADE approaches the problem of the fragmented market in a systematic way. The team behind this project includes two more founders, Sergii Gulko and Jon Giacobbe, and a number of advisors and developers with a trading, tech and entrepreneurial background. They are building a unified platform that will address four different aspects of crypto trading:
- FIX API (Application Programming Interface) will enable traders to connect to all major crypto exchanges using one simple interface. This will improve the current situation where each exchange has their proprietary API, which is difficult to maintain.
- XTRADE Pro will be a trading platform that aggregates prices from all exchanges in real time and speeds up the execution of orders.
- XTRADE SPA stands for the Single Point of Access. It means that traders won’t need multiple exchange accounts anymore. Instead, they will be able to access all crypto markets from one single account.
- XTRD tokens are used to pay for services on the XTRADE platform and they will be cycled back into the community. The public token presale began on February 10th, 2018.