XTRADE will be launching a new cryptocurrency trading platform in early 2018 to solve the painful problems currently faced by the worldwide crypto trading community. Currently, crypto trading exists over 60 fractured and decentralized liquidity pools.
Those pools require users open multiple exchange accounts to get best prices, code to varying and undocumented API’s to access exchanges, and lack professional order entry systems. The experience is decades behind the standard of the internet and finance and is defined by slow execution speed and antiquated, unsecure web based trading.
XTRADE promises to change all that. It will simplify access to crypto, increase liquidity, and provide a secure, modern trading platform to crypto markets participants across the world.
The team behind XTRADE has over 30 years of extensive real-world experience building robust, battle tested trading systems in FX, Equities, Derivatives, and other instruments. They have specialist knowledge in all facets of brokerage services, execution, market data, trading platforms, clearing, settlement, algorithmic trading, and automated trading systems. XTRADE principals and advisors own crypto exchanges - and have worked in active trading firms all over the world as well as large financial institutions such as Goldman Sachs, Barclays, Lehman, Deutsche Bank, Morgan Stanley, and JPMorgan in technology, operational, and sales roles.
XTRADE will release a unified, familiar FIX API to allow institutions easy access to all exchanges with one simple interface at latency 100x lower than current crypto trading standards.
XTRADE Pro, a secure downloadable trading platform will be released following the launch of the FIX API. Pro will feature consolidated order books that will display prices across all exchanges in real time, hotkey order entry, and custom order types. Later in 2018, XTRADE will set up liquidity pools at all major exchanges and allow clients to trade across numerous exchanges with just ONE account at a partner exchange, while assuming all counterparty risk.
The FIX API has been completed and is already in production. XTRADE is setting up co-locations at major data centers all over the world and already connecting to multiple exchanges in 2017.
XTRADE brings real world, patent pending technology and industry tested revenue models to the still young crypto space. The XTRADE experience will be defined by what traders and technologists expect: high frequency execution, normalized market data, VPS services, order management systems, software licensing, and white labeling, among others.
As the crypto markets grow from $200 Billion to $2 Trillion and beyond, XTRADE will be the de-facto “plumbing” connecting decentralized exchanges and enabling arbitrage with token swaps across the ecosystem with one account, while reducing execution slippage, lowering costs, and enabling cross-exchange trading via secure, end to end encrypted connections.
XTRADE is entering multiple partnerships (to be announced soon) and facilitating the “bridge” for the financial industry to enter the blockchain and crypto trading space.
The XTRD utility token, fully ERC20 compliant, will be utilized on the XTRADE network by market participants to pay for execution, VPS, market data, software licensing, credit interest spreads, and other fees. Market participants will be able to purchase XTRD tokens directly from XTRADE’s internal liquidity pool and secondary liquidity sources.
The token sale and generation process as well as additional details can be found on the XTRADE website and in the white paper posted at xtrade.io. The official date for the presale and token generation event will be announced in the near future.