XTRD: UNIFYING CRYPTOCURRENCY EXCHANGES

With the growing popularity of cryptocurrencies, millions of people around the world are creating digital wallets and starting to trade virtual assets. Obviously, the goal of any crypto-trader (newbie or experienced) is to flourish.

This means that the trader needs to find an exchange which provides the highest level of safety and privacy, allows buying and selling of crypto-assets for transparent (best and fair) prices with minimal commissions, and has excellent support with positive feedback.

However, despite all of the enthusiasms, there are a number of major problems that plague the exchange markets. The following are some of the major problems in the cryptocurrency exchange market:

Complex Web of Exchanges:
A combination of differing KYC policies associated with APIs, funding, and interfaces will result in a fragmented patchwork of liquidity for the cryptocurrency. Major concerns for traditional cryptocurrency market participants range from liquidity and hacking prevention to unmitigated slippage and counterparty risks.

High Fees:
The exchange commissions associated with trading of cryptocurrencies typically are in 0.1%-0.25% range per transaction, which are 10 to 25 basis points. The effective fees of transactions are much higher when taken into spreads and bids maintained by the exchanges.
There is generally no central regulator or authority for examining internal exchange orders that systematically separates customer activity from proprietary activity, which can ensure fair pricing.

Thin Liquidity:
If not managed correctly and executed only on the exchange, a single order to purchase USD1,000,000 worth of cryptocurrency can cost an additional USD50,000-USD100,000 per transaction to the investors due to the lack of liquidity.

Introducing XTRD, decentralized cryptocurency exchange, aims to make cryptocurrency trading market easier for institutional investors to invest in cryptocurrencies. To do that, XTRD will launch products in sequential stages addresses to solve those problems above.

1. FIX API (Industry-standard exchange API). A universal low latency Financial Information eXchange (FIX) based API that connects to all major cryptocurrency exchanges. This will make it easier for hedge funds, institutions, and algorithmic traders to access all cryptocurrency markets by coding to just one FIX application – in one single format – with which they are already intimately familiar.
2. XTRD Pro (Direct-connect desktop trading). This platform will be a multi-exchange, standalone trading platform built for active traders. It will feature things like advanced consolidated order books, hotkey order entry, and custom order types, with 24×7 uptime.
3. SPA (Single Point of Access). This platform will create a single unified point of access during stage 3 of development. It will aggregate liquidity across exchanges for cryptocurrency traders. In addition, it will allow traders to clear at the best possible price while systematically delivering the lowest possible transaction cost. It will also deliver atomic swap capability all within just one client-side account.
4. XTRD DARK (Partner trading ecosystem). The ecosystem hat will cut out the middlemen, match sellers with institutional buyers for enormous crypto to fiat trades. Decentralized dark pools can't take fiat or complete KYC. Through the platform banking partners in the US, the UK, and in Hong Kong, XTRD do KYC and enable fiat to crypto. Instead of paying the standard 12% commission, users will pay less than 1% when working through XTRD Dark.

In order to make cryptocurrency trading market easier, the platform provides numerous features and benefits, incude in:

• Price transparency: It will aggregate prices from all exchanges in real-time. It means that if any cryptocurrency is trading at a discount half across the world, cryptocurrency will know.
• More Liquidity: XTRD will allow traders to instantly access liquidity worldwide, allowing for improved arbitrage opportunities, better prices, and higher execution quality.
• Lower execution cost: This platform will be able to access lower trading fee tiers by trading at high volume across exchanges and aggregated trades. It will then pass the saving onto clients.
• Private and Secure Pathways: XTRD will use IPsec technology and industry standard best practices for end-to-end encryption on its execution network in order to protect customer data. This system is also designed for speed – XTRD will use private internet transatlantic fiber connections and demarcation points close to matching engines to ensure even non-collocated orders will be executed 40 to 60% faster, privately and securely.
• Reduced counterparty risk: This platform gives traders the benefits of worldwide price liquidity and improvement without the counterparty risk.
• Standard FIX Interface: One of XTRD’s main benefits is that traders can write to the standard XTRD FIX API wrapper in order to access market data and executions for all exchanges. There’s no need to mess with each exchange’s proprietary - API – like the random REST, Websocket, Python, or whatever implementations they’re using.
• Reduce Slippage: The liquidity pool aggregation and smart routing tools break into smaller pieces for ensuring that slippage is a non-issue.
• Multiple Markets with One Account: This platform allows investors and traders for trading multiple markets with a single account with no need to open separate accounts at different exchanges and systematically track price manually.
• Millisecond Trades: XTRD claims users can expect to trader “100x faster” on their platform. Execution times can drop from 150 to 200 milliseconds to 1 to 2 milliseconds compared to public internet pathways. That’s because XTRADE has a point of presence in many major data centers, and they expect to expand throughout 2018.

Comprised of a team of veteran Wall Street trading specialists, XTRD is a trading platform that provides a lot of useful features and benefits. Users will enjoy benefits such as higher liquidity, lower trading fees, and faster trading times by using this user-friendly platform. Advanced consolidated order books, customer order types, and hotkey order entry are features equipped in this platform.

To learn more about XTRD and how it works, you can visit online at https://xtrd.io/ or visit XTRD whitepaper available at https://xtrd.io/xtrd_whitepaper.pdf
#XTRD, #cryptocurrency, #cryptotrading

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