Just like in the real world marketplace where fiat currencies can be used to purchase varieties of good and services, in the crypto space, cryptocurrencies can also be for payment or for trading one over another.
Since the advent of blockchain technology, cryptocurrency exchanges has grown tremendously thus occupying a large section of the crypto space. This can also be attributed to its significance, as it makes the exchange of one coin over another possible thus contributing enormously to the growth of the coin in question.
Furthermore, as it is with humans, we like making things easier and convenient, thus in cryptocurrency exchanges, the Implementation of API (Application Programming Interface) was made possible, thus with it, users can connect technologies such as trading bot etc to their desired exchanges. That is to say, that API plays a vital role in cryptocurrency exchanges.
But yet, irrespective of the growth of the crypto space in accordance with cryptocurrency exchanges there have been issues which tend to discourage users or rather crypto traders from achieving their desired results.
A study has it that the world of cryptocurrency exchanges is plagued with fragmentation, which has lead to traders dealing with various exchanges to carry out one trade or the other. The issue isn't jumping from one exchange to another, rather it is the regulation within exchanges that turns traders off which comes in the form of stressful KYC requirements, different and most times unfriendly user interface etc, thereby leaving traders with no choice than to either turning back or navigating their way through each pain point which isn't encouraging.
WHY HYDRA X?
One thing worth knowing about the crypto space is the ability blockchain has given developers into creating new and innovative solutions, and one of such is Hydra X.
Hydra X can be seen as an advanced user-friendly solution offered by a team of experts which will be capable of delivering cross-jurisdictional and multi-asset access in platforms linked to.
Hydra X is designed to bring easy accessibility, simplicity and sophistication to the world of crypto trading in this way ensuring there is efficient price discovery, trade execution, order and portfolio management in many cryptocurrency exchanges.
Why Sigma
The team behind Hydra X aims to achieve its aims and objectives through a cutting edge feature or portal known as SIGMA. Sigma through Hydra X is efficient for multi-asset trading, therefore, offering a portal for users through which they can access their desired exchanges. To make it more outstanding, Sigma is solid thus working with cross-asset marketplace such as cryptocurrency exchanges, brokers, liquidity, data providers both on digital and traditional assets.
To ensure traders or users within Hydra X have an efficient and amazing experience, Sigma is designed to have a charting module with its technical analysis functions, drawing tools etc. Sigma charting module will also support multi-monitor as well as multiple charts being displayed on a single screen which will be customizable, thus it all depends on what the user wants.
Furthermore, when it comes to funds or assets, security can't be taken for granted, thus Hydra X designed Sigma to be secured. To achieve this, Sigma will be web-based while the API keys are stored on the users' device and encrypted. After proper test and Implementations, the team will launch a mobile application so that users can access their accounts while executing trades etc. Furthermore, Sigma is fast, reliable and trustworthy as it will be created with advanced financial technology.
CONCLUSION
To ensure there are efficient services to users, Sigma will have the following;
a. An advanced API gateway for multi-asset trading.
b. An Account Management System for security and management of API keys.
c. An Order Management System for order execution etc.
d. A Portfolio Management Aggregator for portfolio analysis, assets transfer etc.
e. A Market Data Processing Unit which is used for the redistribution of aggregated data to users.
Furthermore, Sigma is created in such a way as it can enable an integrated marketplace from cryptocurrency exchanges to equity liquidity providers.
FOR MORE INFORMATION ABOUT SIGMA
Website: https://www.hydrax.io/
Telegram: https://t.me/HydraXOfficial
Facebook: https://www.facebook.com/HydraX.io/
Twitter: https://twitter.com/Hydrax_io
Sign Up: https://webtrader.hydrax.io/
Sigma account email address: [email protected]
Author's Bitcointalk Username: Flezy
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485