Since the boom of cryptocurrency, their respective monetary value has been under scrutiny because of so many irregularities arising from the inability of merchants to agree on a specific trading value.
Apart from Bitcoin, Ethereum, litecoin and a few other known cryptos, the prize limit of lots of other cryptos has been difficult to determine because greedy merchants manipulate the prize of these cryptocurrencies to suit themselves at a huge disadvantage to the individual users. The prices aside, the transactional feed are getting unrealistically difficult to meet by these users who cannot control the direction of market flow of cryptocurrency.
Another major issue of the crypto trading platform is the low adoptability of cryptocurrency by targeted users around the globe which is centered around the limitations of blockchain technology. Transaction speed is a huge factor since the verification speed of most cryptos are barely able to meet up with customer needs in real time. This is due to the amount of time it takes to verify transactions, which is mostly below average at best and cannot compete with the contemporary payment platforms like VISA.
Another issue is that of poor anonymity and proper identification. Financial platforms like banks will rarely subscribe to platforms with issues of identification to prevent issues that comes up from illegal money movement through money laundering or scam. This is a major set back in terms of the scalability of cryptocurrency. Community involvement in crypto can only improve if a healthy relationship is noted between them and reputable financial houses. For instance, a family man who has never gone to a higher institution in his whole will most probably not know anything about the operation of blockchain technology apart from what he is taught by experts. That said, he has to be fully convinced that if he is making an investment on cryptocurrency, that his funds is properly secure and he will most likely be persuaded if he discovers that his local bank has a means of crypto investment.
It is with these apparent crypto trading issues that the oedlebit team is coming out with a wonderful trading platform to aid blockchain users for the best trading experience on the blockchain.
The OODLEBIT is a US based cryptocurrency trading platform that aims to to improve the average crypto market user experience by delivering unique technologies to improve the trading platform for proper customer service. The OODLEBIT platform also aims to provide slick trading interface for the best available trading experience on several Os like web, Android, Ios and others from where the end users can make trades from different blockchain platforms without much fuss.
The OODLEBIT blockchain trading platform promises to be much better, efficient and provide a these at cheap transaction costs for their customer base with aim to improving the blockchain economy significantly.
Since the status of cryptocurrencies' legality is still yet to be determined, it is mostly easier for most of the blockchain trading platforms to turn a blind eye to large scale transactions in crypto trading. But the OODLEBIT platform wishes to take a step in the right direction to address crypto trading the legal way. The platform is partnering with market trading monitoring teams to ensure that trading operations are not abused.
Oedlebit platform has installed several means to battle cases of money laundering, money racketeering, fraud, scam and all other illegal activities that deals in money flow through cryptocurrency trading platforms. The OODLEBIT platform has its own Know Your Customer Policy, KYC and Anti Money Laundering, AML registration database to make sure such illegal actions are not perpetrated on their platform with severe sanctions and even prosecution for offenders.
Security and Interoperability
OODLEBIT is making a secure trading platform to protect the rights of its users and customer base their main priority. The customer information as well as their individual crypto assets are properly secured on the OODLEBIT blockchain.
In order to run a successful trading platform, being able to integrate well with other blockchains is of paramount importance. The OODLEBIT trading platform combines the trading of other cryptos besides Bitcoin. The cryptos like EOS and litecoin are publicly traded in the OODLEBIT platform. The importance of this interoperability is that it drives crypto merchants to their platform.
CONCLUSION
The Blockchain trading platform is very important to its growth and scalability. This is why OODLEBIT platform will be very essential for the crypto economy going forward. The fluctuating price of crypto needs to be managed carefully and in a much user friendly environment. This is the OODLEBIT dream.
