Crypto exchanges allows exchanging one cryptocurrency for another, the buying and selling of coins, and the exchange of fiat money into crypto.
Basically, crypto exchanges work similarly to regular stock exchanges. The difference is that, on a stock exchange, traders buy and sell assets — shares or derivatives — in order to profit from their changing rates, while on crypto exchanges, traders use cryptocurrency pairs to profit from the highly volatile currency rates.
Market Overview
- The crypto exchange market is growing at extremely elevated rates.
- The top 10 crypto exchanges in the world are on track to generate more than $1 billion dollars in fees on an annual basis according to Bloomberg’s analysis of the market.
- The size of the entire cryptocurrency marketing is growing exponentially with strong signs of underlying fundamental expected ratios. The opportunity for exchanges around the world to acquire market share in a fast growing market is hard to understate.
Why CryptoSouk
CryptoSouk believes that they will be able to continue to grow in the region based on the following competitive factors:-
- Transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critical. To that end we plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy.
- While not all crypto assets are worthy of listing on our exchange, that the diversity of trading pairs and crypto assets will be an important factor that customers will look to when they choose a preferred exchange.
- Higher touch customer service is critical in this region so we plan to invest in customer service to be able to provide a more human touch at scale while doing so efficiently and profitably.
- The teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and frictionless user experience.
The Target
CryptoSouk focuses on the needs of novice traders, professional traders and digital currency experts. They are dedicated to making digital currency trading accessible, fast and totally secure.
CryptoSouk Exchange
CryptoSouk technology is oriented towards simplicity, security, and reliability to support a rich array of features.
Top of the line trading UI - CryptoSouk is a premier trading and financial technology company. We’ve built the best digital asset exchange by focusing on the needs of professional traders and digital currency experts. We are dedicated to making digital currency trading accessible, fast and totally secure.
Exchange Advantages
• Enterprise matching engine with execution ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems
CryptoSouk believes that there is a unique opportunity to focus a centralized cryptocurrency exchange on the Middle East and the Arabic language. They believe that bringing long term foreign exchange operations, trading, and market making experience is required to create more efficient/sustainable liquidity solutions combined with a strong understanding of financial exchange ecosystems - a place where many new entrants do not have expertise.
Telegram Group: https://t.me/cryptosouk_community_en
Twitter: https://twitter.com/CryptoSouk
Facebook: http://fb.me/CryptoSouk.io
Website: https://cryptosouk.io/en/ico
Whitepaper: https://cryptosouk.io/pdf/whitepaper_v2.pdf
Bitcointalk ANN/Bounty: https://bitcointalk.org/index.php?topic=4515317
Bitcointalk ID: Cashinout
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2370240