For a currency that prided itself as alternative to fiat, there is tendency it will have major upsides of the former. Cryptographic currencies had lasted more than a decade and during this time, it had performed remarkably.
Aside making digital payments seamless, they developed exchanges of their own. There was possibility of looking into the former because of fragments that were prevalent. First, the price of a currency differs across exchanges. This discrepancy makes it impossible to trade efficiently. Most often, traders are at a loss on the actual rate to follow.
There is also the downside of liquidity which can fluctuate. For instance, Bitcoin might be in the red in the day and top the chart within few hours. Coupled with this are high fees that are prevalent during trades. On a lighter note, you must have been intimated with inability of crypto to fiat conversions. To this end, Xtrade, a new platform is here to unite over s100 existing exchanges and make them work in unison.
Gateway to Seamless Trade
To this end, Xtrade unifies all exchanges and by bringing them together, you can trade as much as you want because speed order matching will be available. Whether you’re trading on the stock market or other exchanges, your transaction must pass through the Financial Information Exchange (FIX). This is responsible for uniting all exchanges and releasing relevant trade information. Xtrade therefore created a FIX API that will unite all cryptographic exchanges. This is the core channel of the project’s exchange unification.
Three Wise Men on Xtrade
Aggregating Exchanges
Through the Single Point of Access (SPA), there will be increased liquidity in transactions. It reduces lags by clearing prices in every trade and also accelerating throughputs with minimal costs. You can also stake high amounts because there are multiple exchanges on ground to facilitate same.
Mobile Trading
Most transactions are facilitated on the web and though this might be favorable to some, many do not find it attractive. There came variations that enabled mobile applications for exchange trading. This increased the chances of faster transactions and provided customer support. However, this is not available for the crypto space and that’s what prompted the XTRD PRO.
XTRD PRO is a trading channel that can be installed on mobile devices. Furthermore, it will feature consolidated order books and promises to be online at all times.
Crypto-to-Fiat Conversion
The last man on Xtrade’s trinity product is the XTRD DARK. This was designed as dark pool for seamless conversion of crypto funds to fiat equivalent. The current solution to this conversion is decentralized and has featured intermediaries and high costs in transactions.
Xtrade therefore created the dark pool as centralized way of converting funds. It will be robust because it features KYC and cuts off intermediaries. It already has willing partners in top banks across the world. On a lighter note, it promises reduced costs and faster conversions.
ROADMAP
TEAM
Conclusion
Xtrade might pass for a decentralized project but concise insights have proven it better exchange. Most importantly, you can trade from your mobile device with assurance of scalability and minimal costs. Interestingly, the project makes crypto conversions easier and in the future, Xtrade might be one-stop crypto exchange.
Learn More:
Website: https://xtrd.io/
Whitepaper: https://xtrd.io/xtrd_whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4477503
Medium: https://medium.com/@community.xtrd
Twitter: https://twitter.com/xtradeio
Telegram: https://t.me/xtradecommunity
Writer's Details:
Writer: Collinberg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1532780