Trading on multiple cryptocurrency exchanges becomes easier using XTrade (XRTD)

cryptoindonesia (43)in #ico • 6 years ago (edited)

Since 2017, cryptocurrency has become a topic of conversation that is very popular among the world community. Cryptocurrency itself is a technology for making virtual currencies that uses cryptography so that its manufacturing cannot be falsified and as a tool to guarantee transaction security. This virtual currency is loved because the transaction is speedy, where people between countries can transfer money without bank intermediaries. Believe it or not, now the cryptocurrency is overgrowing. There is currently more than 1300 cryptocurrency in the world. The popularity of high cryptocurrency makes these investment instruments attractive to investors. Investment in cryptocurrency is increasingly prevalent throughout the world, including in Indonesia. This is because the cryptocurrency profit potential is high, although at the same time the risks faced by investors are also high. Along with the development of cryptocurrency, cryptocurrency has now become a tool for trading goods and services. There are more than 120 Cryptocurrency exchanges, this number is increasing along with the increasing popularity of cryptocurrency. But there are several problems faced in the cryptocurrency market, especially centralized exchange systems. Cryptocurrency is a new thing in this world. The cryptocurrency market is still vulnerable to manipulation. Cryptocurrency exchange is also very vulnerable to hacking. There are still some shortcomings in large volume trading. Cryptocurrency exchanges do not have the liquidity needed to handle large transactions. This lack of liquidity causes a significant decrease in value. Many parties want to solve this problem. One of them is XTrade (XTRD).

XTRD is a technology company created to facilitate access to the cryptocurrency market. XTRD was founded by veteran Wall Street trading specialists. They are trying to introduce new infrastructure that will allow banks, hedge funds, and large institutional traders to access the cryptocurrency market easily. Xtrade will unite the cryptocurrency exchange market, thereby collecting liquidity and reducing the "slippage" inherent in large volume trading. By launching three separate products sequentially, XTrade solves problems such as low market liquidity, different interfaces that lag behind financial industry standards and decentralized execution in crypto.

The three platforms that XTrade develops are multi-exchange FIX APIs, Xtrade pro trading platforms, and cross-exchange single point liquidity aggregation execution protocols. FIX API is a method that has been tested by the XTrade Team to connect to the market. The Financial Information Exchange API (FIX API) will be based on the Financial Information Exchange protocol used by traditional traders and will provide access to several exchanges through one API. Xtrade user funds will be stored in the SPA exchange. SPA Exchange is a single access point for exchange, which allows users to trade on various exchanges with one account. When users want to make transactions on other exchanges, Xtrade will make transactions using their own inventory account on the exchange. Xtrade will then move the position to the SPA exchange for completion. The Xtrade team has entered into partnership agreements in exchange for expanding trading opportunities. Xtrade plans to run Dark Pool to match client orders. XTRD tokens will be used for trading fees, market services, market data sales, software licenses from trading programs, and Xtrade VPS.

Conclusion:

The project run by Xtrade is one of the solutions needed to advance cryptocurrency trading. Cryptocurrency fans don't need to make many cryptocurrency exchange accounts to take advantage. This will significantly help users in taking advantage of the cryptocurrency world. Xtrade makes the cryptocurrency business more effective and efficient. As a crypto enthusiast, we must support steps like this.