What interesting things can you tell about your project how it differs from others?
Liquidity for the LIQNET exchange is collected both by classical methods and by a separate mechanism based on the LEN technology of our own design. The LEN mechanism (Liquidity Exchange Network) collects and consolidates LIQNET exchange clients orders and orders from third-party platforms into a single order book and makes them available for trading to all LIQNET clients.
It is interesting to ask whether this project has any disadvantages if you compare it with other projects?
Several categories represent the competitive environment of LIQNET:
1. Classic cryptocurrency exchanges with which LIQNET works as a client by using the LEN mechanism. It connects to them through an API and executes a significant number of trading operations thus increasing the competitor's turnover and pays fees for every operation, therefore, making profits for the competitor.
2. Forex brokers who are offering to trade the BTC-USD and other cryptocurrencies pairs. They are not considered direct competitors because they work with non-deliverable CFD contracts on the price difference. Cryptocurrency can be bought from them, but it can't be withdrawn.
3. B2BX project. It is not an aggregator of real cryptocurrency liquidity. It would be more proper to consider it as an offer to brokers to implement trading of contracts on the difference between prices in BTC and ETH, an attempt to connect brokers and their clients, who trade to lower the brokers' risks of changing prices of cryptocurrencies. Because non-covered risks will have to be covered on the markets with an actual shipment of assets anyway, LIQNET will be the best solution for that. In other words, B2BX is not a competitor, but LIQNET's potential client.
4. Futures contracts from CME Group, CBOE. A futures contract on Bitcoin index put on the market is not a competitor to LIQNET. If the possibility of an arbitrage appears, traders need a place to buy or sell the base asset. Because the index is calculated based on the data from four cryptoexchanges, each of which is a supplier of liquidity, LIQNET is the optimal platform for that, because it provides the maximum volume of liquidity for the best price. Therefore, the issue of futures leads to the increase of the number of traders, who want to trade physical assets at the LIQNET platform.
As you can see, LIQNET has not any disadvantages, if you compare it with other projects.