These cryptocurrencies are traded against these sovereign currencies which are USD, GBP, JPY, CNY, and KRW amongst others which is a potential to grow to a 1-2 trillion USD market capitalization in 2018.
There is a steady upward surge in the demand for cryptocurrencies being observed by the asset managers in their portfolios where over 500 funds are prepared for entry into the crypto markets in 2018. Also, there are little or no regulations given or provided in the crypto market since the cryptocurrency market is still budding and large spreads are commonplace between exchanges on the same crypto pairs, permitting for an ample arbitrage chance.
There is a complex web of several exchanges given several means of funding, many KYC policies interfaces in a fragmented clutter for liquidity for the cryptocurrencies. This necessitates the need to open various accounts on different exchanges since trading is carried out in an automated fashion with the awareness of the prevailing prices. This will also lead to coding in different APIs demanding several types of findings and withdrawal processes. After all these are cleared and the participants must convert from fiat to BTC or ETH which might demand conversion to another exchange that doesn’t offer fiat.
Additionally, the fees paid for exchange commissions are expensive which becomes an issue for crypto space given the percentages charged which are supposed to be in the scope of 0.1– 0.25% range per transaction (10 to 25 basis points). Since there are no central regulations and authority the effective fees for exchange are much more expensive.
Taking note of the foregoing, XTRD is introducing a 3 distinguished products that are in consecutive stages to mitigate against issues coming from having so many separate markets that includes a low per market liquidity, regular unfamiliar interfaces that drags behind the financial industry benchmarks. The proffered solution by XTRD are:
Stage 1: Implementation of the multi-fix API.
Stage 2: Launching the XTRD trading platform.
Stage 3: SPA (single point of access) Liquidity aggregation/cross- exchange execution.
XTRD is introducing a low latency FIX based API that will connect all crypto exchanges to make it simpler for various institutions, hedge funds, and algorithmic merchants to access all cryptocurrency markets by coding to only one FIX application. Coding to the FIX application will bridge many market participants to easily add manifold exchange crypto execution to their existing transaction systems.
XTRD is loyal to appropriating as the major trusted US major platform for financial players to simply execute transactions based on crypto and will also generate revenues through execution fees, market data sales, VPS service and from a lot of other channels.
The XTRD token will be used on the platform via the cryptographic community which is ERC-20 compliant based on the Ethereum blockchain and will serve as a means of payment by trading participants for services provided on the XTRD platform. #XTRD, #cryptocurrency, #cryptotrading.
The team is made up of prolific individuals with a wealth of experience from various areas of experience. A brief of their various profiles is shown below:
To find out more about XTRD, use any of the following links:
WEBSITE: https://xtrd.io
WHITEPAPER:https://xtrd.io/xtrd_whitepaper.pdf
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KARLKINO
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