As our world has continued to evolve, a major constant has been a corresponding rise in thirst for technological advancements. This rings especially true for the financial market as we have come a long way from the days of trade-by-barter. The latest in this chain of constant innovations in this sphere appears to be the relatively young cryptocurrency market. As with every other technological advancements, it has not been without its own shortcomings which has played a key role in driving a wedge between it and the traditional financial system. These limitations include;
- The inability to seamlessly move funds between these two ecosystems.
- Lack of exchange platforms where one can trade all of the available digital assets or seamlessly exchange for fiat.
- Lack of understanding of the advantages offered by the cryptosphere.
Over time, we have definitely been able to analyze the problems associated with crypto-finance, which directly brings to light the need for a multifunctional ecosystem that can serve as a link between various asset classes (cryptocurrencies, stocks, FX, CFDs).
A Possible Solution?
It is with all pleasure that I bring to your attention, Hydra X. Hydra X is a fintech company which is headquartered in Switzerland (one of the crypto-friendliest jurisdiction in the world). The company intends to incorporate the best features of both the traditional and modern financial systems.
Hydra X (the company) has actually laid the groundwork for the development of an innovative and multifunctional system which goes by the name, Sigma. Sigma is a multi-venue trading platform that ensures easy access to various asset classes which include but not limited to cryptocurrencies, stocks, FX and CFDs. Sigma offers its users a gateway to an ecosystem of multiple trading centres which includes cryptocurrency exchanges, brokers, liquidity and data providers which cuts across both digital and traditional assets.
A major feature which will definitely be of interest to individuals within the cryptosphere is the fact that Sigma is already connected to a plethora of cryptocurrency exchange platforms.
Platform Advantages
A major advantage of Sigma lies in the fact that users can purchase stocks, precious metals and many other commodities directly through the use of crypto assets. This cuts out the exorbitant charges involved in the process of changing crypt assets to fiat. Another noticeable advantage of Sigma is its security system which kicks against storing your access keys on its servers by saving them locally on your computer hard disk. You can also rest assured knowing that your usage of Sigma is not embedded with any transaction fees and any other hidden charges which is a common practice amongst both traditional and crypto finance platforms.
The incorporation of a social trading feature will be of great benefit to newbies and also experienced traders within the ecosystem as individuals can exchange trading ideas and resources in order to create a mutually beneficial ecosystem.
Closing thoughts
Reflecting on all the features of Sigma I was able to highlight, I can say with all certainty that the one I look for to the most is the connection to other cryptocurrency exchange platforms as this will save me the stress of holding on to multiple login details and managing several user accounts which happens to be tasking and risky.
You should also note that the platform is ready for use and registration is absolutely free, meaning you could try your hand on some of the features offered by Sigma when you are done with this article.
Finally, I will like to remind you that my articles are based on my personal research and it is not to call you to action in any way.
I will encourage you to look through the links below as they give further insight into the offerings of Sigma.
Official Website: https://www.hydrax.io
Sigma sign up: https://webtrader.hydrax.io/
Telegram: https://t.me/HydraXOfficial
Facebook: https://www.facebook.com/HydraX.io/
Twitter: https://twitter.com/Hydrax_io
LinkedIm: https://sg.linkedin.com/company/hydrax
Medium: https://medium.com/sigmabyhydrax
Authors Btt Username: mtbosede
Hydra X email: tbossmitche05@gmail.com