#What is Caspian?

in #crypto6 years ago (edited)

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      The growth of digital currencies is unprecedented as it fast becoming globally accepted and becoming part of our day to day business activities and financial life. This continuous rise in the World of cryptocurrencies has seen vast number of  new exchanges and cryptocurrencies surfacing into the crypto world every blessed day. The rise in the number of exchanges and cryptocurrencies is a welcome development as it is a proof of the growth currently trending  in the digital currencies world and as well as a proof of the acceptance of the  ideology of cryptocurrencies. 

      But come with this surge in the number of asset exchanges and cryptocurrencies, is the problem of navigation for traditional traders, asset managers and investors amongst these exchanges and cryptocurrencies. Different asset exchanges and cryptocurrencies come with their very own individual designed interface and tools.It become more of a tedious activity for investors and traders to run multiple account balances across multiple exchanges given the different tools and interface for different cryptocurrencies and exchanges has to be navigated individually in other to participate in the crypto-space.The difficulty in navigating different resource and tools will not only frustrate existing Traders, investors and asset managers, but also deter impending individuals and organisations that could as well partake in this surging economy. 

With the view of a more easy access to and navigation amongst several exchanges and cryptocurrencies, comes the idea of CASPIAN.

#CASPIAN
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      Caspian is a cloud based technology that provides all you need to monitor your cryptocurrencies transactions in one place.It is a well equipped financial tools developed to assisst different categories of  users in the crypto world with easy access and navigation within the crypto-space.
       Built on the idea of integrating different exchanges on a single platform that allows traders, investors and asset manager to properly monitor and know their position in the digital market. 

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#MAJOR FUNCTIONS OF CASPIAN
● Execution
● Position and Risk Management
●Compliance and Reporting source

#HAVING ACCESS TO ALL YOUR PORTFOLIO IN ONE PLACE
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      This is where the first function of caspian which is the 'EXECUTION' comes into play. Caspian technology gives traders and asset managers unlimited access to the vast number of asset exchanges and different cryptocurrencies on a single platform which is of greater advantage over the existing method of accessing asset exchanges individually, and also gives access to varying exchanges rate for cryptocurrencies that shift the power of exchange in favour of traders and asset managers.With caspian technology, traders and asset managers don't have to monitor their multiple balances across multiple exchanges on individual platform as Caspian technology brings different exchanges on a single platform. wow you say!.

#POSITION AND RISK MANAGEMENT
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      The most daunting task facing traders and asset managers likes in the digital market is monitoring and knowing their positions across various exchanges and cryptocurrencies. This puzzle is solved by the caspian technology that provides users with up to date details of past and current transactions. This gives investors real insight into their portfolio and whether to reinvest or divest and to keep track of profit and loss in their multiple accounts.

A key component of this process is the reconciliation of positions against each individual exchange. With Caspian this is done for you; via the auto reconciliation tool you can be sure that the positions you see at the exchange and in Caspian match and are correct. source

#Compliance
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Caspian has built-in compliance features which ensure that users can set various rules and limits into their trading strategies.

Compliance consists of three limit types:

Warning Limit
As the name implies, a warning suggesting a rule is about to be broken.

Approval Limit
This requires a supervisor to enter a password to override the compliance alert.

Absolute Limit
The absolute limit is a limit that cannot be overridden by any means.

BENEFIT OF BEING ABLE TO SET LIMIT AND ALERT

These compliance levels allow users to create and adhere to rules that are appropriate for their assessment of risk-reward and ability to withstand variance. All breaches are fully audit trailed and recorded. source

#REPORT
This function of the caspian solution is most helpful to asset managers and financial institutions that want to venture into the crypto business for proper monitoring and analysis of their position in real time by getting transaction reports using the caspian solution platform.
Just like a bank statement,the caspion technology with it user friendly interface can be interrogated in real time to get graphical report on transactions either in pdf format or excel doc.

#SHORTCOMINGS OF MANAGING MULTIPLE BALANCES ACROSS MULTIPLE EXCHANGES

●Monitoring of multiple balances across multiple exchanges is a daunting task.
●inability to get different exchange rate for different cryptocurrencies in real time.
●Time consuming.

#IMPORTANCE TO INSTITUTION AND INDIVIDUAL

The interface combines all the largest exchanges, has the financial tools that traders and fund managers are already familiar with, and even tracks trade data and history for accurate bookkeeping and tax preparation! source.
Institutions dealing in crypto can manage their large customer data base on a single platform using the caspian technology. Individual can monitor multiple balances across multiple exchanges using caspian technology platform.

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For more Information and Resources on caspian technology kindly visit:

[Caspian Website] (https://caspian.tech/)

[Caspian WhitePaper] (https://caspian.tech/wp-content/uploads/2018/05/Caspian-Whitepaper-1.pdf)

[Caspian Steemit] (https://steemit.com/@caspiantech)

[Caspian YouTube] (https://www.youtube.com/channel/UCh0G6PmH321iswUTfVshiBw/)

You can also particpate in this contest, follow:https://steemit.com/crypto/@originalworks/910-steem-sponsored-writing-contest-caspian

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