Blockchain Launches Super Fast Crypto Exchange.

Peter Smith, Blockchain CEO, described transactions happening in their exchange in microseconds. The company’s exchange, called The PIT, is the result of a behind-the-scenes effort led by a team of former executives from the New York Stock Exchange, TD Ameritrade, Google and Goldman Sachs.

It is said to operate faster than any of the two most popular exchange today, Binance and Coinbase. The company has raised over $70 million from investors including British billionaire Richard Branson, Alphabet venture arm GV and early Spotify backer Lakestar. It has also accrued over 40 million users, Blockchain said, who will be able to transfer crypto from their wallets to the exchange.

Blockchain said its exchange will be available in more than 200 countries, starting with 26 trading pairs. Users will be able to link their bank account with Blockchain and use U.S. dollars, euros and sterling to trade cryptocurrencies.

For more info:
https://www.cnbc.com/2019/07/30/bitcoin-blockchain-launches-crypto-exchange-to-take-on-coinbase.html
https://www.theblockcrypto.com/2019/07/30/wallet-provider-blockchain-rolls-out-crypto-exchange-claiming-to-be-one-of-the-fastest-in-the-market/

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