There's Something Awesome About Trade.io
I wrote about Trade.io in a few previous articles. When I first looked at it, I find that it was definitely a great exchange and it is definitely worth your time to check it out. My only regret from looking into Trade.io was that, I did not get in on the trade token x soon enough. The reason being that those who were holding the trade token x (TIOx) were given the opportunity of stress-testing the platform. Now that it has been launched, the platform did everything that it promised that it would do. However, I found out that it has added some extra features, which is its OTC (Over The Counter) trading desk and the institution liquidity pool. This is definitely huge news, so let us dive into this a bit.
The Platform
Before I continue any further, the platform looks great. It has a fully customizable interface that allows the trader and it is by far, the only platform that has such a feature. What this means is that, traders are able to move any window in the trading interface to any part of the screen. This may seem like a gimmick, but it is important in high-speed trading when you are used to a particular interface. In addition, the platform was launched in July after it had been tested rigorously by the community. In other words, those of you who are just getting on the platform can be sure to have a platform that not only works but does so reliably. In fact, Trade.io claims that there will be no down time for the platform at all even during system updates. How this is achieved is not specified, but I suppose they have a redundant system running in tandem with the current one. Trade.io's rationale behind this is to avoid any losses that may incur.
This is important especially with the high volume of trades and liquidity that runs through the entire platform. With that in mind, Trade.io has some high volumes of trade running through it especially with the presence of institutions.
Winter... I Mean, The Institutions Are Coming
Trade.io has a liquidity pool that allows you to 'lend' to traders on the platform via the TIOx token. What you get in return is your principle as well as some sweet interest. A recent post on finance magnates pointed out that this feature is much better. Trade.io has added something called an institution liquidity pool. This was added after much paperwork and work by the Trade.io team behind the scenes. What this means is that the liquidity, or the buying or selling of Crypto assets on the Trade.io platform has been significantly increased.
This means a lot of for the average investor. An example is this, imagine if you have been diligently monitoring coinmarketcap.com everyday and you see a huge spike in price for Ethereum or Bitcoin. Seeing this, you log on to your favorite exchange called Bitindexfinger (Not a real exchange and not associated with Bithumb). You think to yourself, this is the moment that you can sell your Ethereum or Bitcoin for a sweet profit, only to find out that everyone else is selling too and your sell order is just not going through. This indicates a lack of liquidity on that platform. This will not be the case for Trade.io as with an institution liquidity pool, Trade.io is able to transact up to 5 million dollars worth of trade everyday.
However, I think that Trade.io's move on having an institution level liquidity pool is just the tip of the iceberg. I am more excited on the fact that institution money is getting into the Crypto space and what this means for Trade.io.
Over The Counter & To The Moon!
I remember reading somewhere that over the counter trading of Bitcoin is bad for the price. For one, it is not recorded and therefore, if a whale is buying up large amounts of Bitcoin, no one would know. Thus, we may never have another bull run because so much of trading is done Over The Counter. This facility is also available for any user on Trade.io for purchases that are over 25000 dollars. While I pondered why would Trade.io do such a thing aside from just getting profits, I think that this may end up being a good thing in the long run.
For one, the use of over the counter (OTC) facilities is to ensure anonymity since it is not impossible to trace the owner of a Bitcoin address. Thus, having platforms such as Trade.io which facilitate such anonymity allows the whales to have a peace of mind getting into cryptocurrency. This is great because I think in the future, some institutions such as banks or real players in the financial space may start using this facility as well. These players may then start promoting Bitcoin in their businesses as a result of their involvement in cryptocurrency. With their influence, they may be able to drive the prices up and therefore take profit. This may not be beneficial for the masses, but it does increase the adoption of cryptocurrency which could, in the long run benefit us, the HODLers.
If that is too complicated, then consider this, if institutions were to start using Trade.io's platform for its over the counter or trading facilities, it may benefit those who hold the Trade Token x (TIOx). This could drive the price up for the token and in the long run, get you some sweet profits. Whatever it may be, this is definitely great news for us.
Conclusion
Overall, I find that Trade.io has been doing really well and could be doing even better if they play their cards right. This is especially if they are able to get more institutions on board. I for one am definitely on board and am definitely into getting their tokens once I have the funds to do so. I think despite the current bear market, the project has been moving along and achieving its milestones. Thus, this shows that this is a project that is reliable and a project that you should definitely keep your eye on. That's it for me, I have also attached a few links below for your reading. If you are keen to find out more, do also head on to their social media and check out their site.
Social Media & Site Links
- Project Website: https://trade.io/en
- Products & Services: https://trade.io/en/liquidity-pool
- https://trade.io/en/otc-trading
- https://trade.io/en/ico-services
- https://trade.io/en/investments
- https://affiliates.trade.io
- Trade.io Team: https://trade.io/en/about
- Trade.io Story:
Sources
https://news.bitcoin.com/otc-trading-whales-bitcoin/
Previous Trade.io articles
https://steemit.com/trade-io/@alvinauh/clylnaw-three-reasons-why-you-should-be-using-trade-io
Disclaimer:
Many of the findings here are researched but are based on my own opinion. I welcome any debate and discussion but I am no financial adviser. As such, always do your own due diligence before selling your kidney to invest in anything.