XTRADE: BRINGING PROVEN FINANCIAL TECHNOLOGIES TO THE BLOCKCHAIN CRYPTOCURRENCY MARKETS.

in #xtrade6 years ago

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OVERVIEW

The cryptocurrency market seems to be growing in popularity every day. With the astronomical rise of cryptocurrencies like Bitcoin and Ethereum, there seems to be an influx of people into the market. Many cryptocurrency exchanges cannot even afford to have their account creation feature open all the time. Such is the demand for entry into the market that trading account creation for new customers is periodically disabled, may operate with high fees on traders, liquidity issues, and many others.

The one mentioned above are just some of the nagging issues in the cryptocurrency market that threaten to affect the quality of the trading experience and discourage institutional investors from trooping in more. It is vital that the XTRADE team has continue to work on efforts to combat these issues. As XTRADE project grows and evolves, it is hoped that some of these issues will become a thing of the past.

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XTRADE was created by finance and trading professionals to solve those problems by both improving on and consolidating current trading practices.

XTRADE will utilize the funds generated from the token generation event to:

  • Facilitate the creation of the FIX API and XTRD GUI platforms.

  • Maintain a large balance sheet allowing for cross-exchange execution with XTRD SPA.

  • Make markets in multiple crypto currencies to minimize spreads and increase liquidity for market participants.

  • Employ legal and compliance teams to ensure regulatory compliance and proactively engage with regulators.

  • Create a venture arm to seed emerging trading technologies in the crypto execution space deemed complementary to XTRADE’s mission.

SPECIAL FEATURES OF XTRADE

Industry-standard exchange API (FIX API):

The Financial Information Exchange protocol (FIX) is an open specification intended to streamline electronic communications in the financial securities industry. FIX supports multiple formats and types of communications between financial entities including email, texting, trade allocation, order submissions, order changes, execution reporting and advertisements.

The XTRADE team already created FIX API that connects all of the major cryptocurrency exchanges. Whether you’re part of an institution, a hedge fund, or if you’re an algorithmic trader, this new development intimately makes you familiar, with this great feature of the XTRADE platform, you’ll look at crypto forever because with the FIX API that is being readily available on the XTRADE platform, trades are executed in the blink of an eye.

This communications bridge will allow large market participants to easily add multi exchange crypto execution to their existing transaction systems, jumpstarting universal crypto trading adoption among the institutional sector.

Single Point of Access for Exchanges (SPA):

XTRADE will aggregate liquidity across exchanges by launching a unified, Single Point of Access making it possible that user trade all exchanges with one account. The XTRADE team will be forming joint partnerships with crypto exchanges to bring a broader horizon to the market.

Watch this short video to gain more insight to how exactly these features and the some other feature that the platform offers works in practical. Enjoy watching!

TOKEN DETAILS

Contract Name: XTRD

Platform: Ethereum

Decimals: 18

Total Supply: 952,457,688.00 XTRD

Contract Address: 0x9c794f933b4dd8b49031a79b0f924d68bef43992

** No more XTRD tokens will ever be issued.

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TEAM

The team behind XTRADE is based on Wall Street in NYC and has over 30 years of extensive real-world experience building robust, battle tested trading systems in FX, equities, derivatives, and other instruments. They have specialist knowledge in all facets of brokerage services, execution, market data, trading platforms, clearing, settlement, collocation, algorithmic trading, and automated trading systems. Meet the team!

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For more information about the project and follow up with its updates, kindly get connected with these links:

WEBSITE: https://xtrd.io/

WHITEPAPER: https://xtrd.io/xtrd_whitepaper.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=4477503

FACEBOOK: https://www.facebook.com/xtradeio

TWITTER: https://twitter.com/xtradeio

LINKEDIN: https://linkedin.com/company/xtradeio

MEDIUM: https://medium.com/xtradeio

TELEGRAM: https://t.me/xtradecommunity

WRITER'S DETAILS

BitcoinTalk Username: cryptodrumz

BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2265613;sa=summary

ETH Address: 0x06545439490047FEb0b74E10fe5675158ef886b2

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