New Hybrid Crypto Exchange set to be the Cryptocurrency Market Innovation Of 2018
New Hybrid Crypto Exchange set to be the Cryptocurrency Market Innovation Of 2018
In the midst of security breaches in cryptocurrency exchanges and minimal institutional participation in cryptocurrency market, rising cryptocurrency exchange Qurrex is offering an innovative approach that will attract casual traders and institutional investors alike.
In today’s world, those looking to participate in the cryptocurrency boom can turn to centralized exchanges (CEX) and, more recently, decentralized exchanges (DEX). The problem? Neither of these provide full functionality that can allow individuals and institutions to participate in the market efficiently.
CEX – Speed & Liquidity with Digital VulnerabilityCentralized exchanges have long been the standard outside the crypto world. Those like NASDAQ, NYSE, and others allow trading of stocks and similar assets, and have provided low latency (quick processing of orders), liquidity, and tools like marginal trading and high-frequency trading. This attracted significant participation from individual and institutional investors, the latter contributing to even more liquidity.
In the crypto world, however, CEX are a bit of a dirty word. This is because all the buy and sell orders are routed to a trusted third party, and often require users to place their private keys in the hands of the exchange. They are vulnerable to government influence and hacking attacks. CEX depend on an organization to operate them, which subjects them to government regulation and exploitation.
Governments Close Exchanges DownTwo of the largest exchanges in China, for example, froze all Bitcoin withdrawals for a month after China’s central bank attempted to intervene. Others have forced exchanges to collect data on their users causing concerns for the privacy that cryptocurrency users cherish. CEX concentrate large amounts of cryptocurrency, which makes them attractive and vulnerable to hacking attacks. These attacks have already cost users millions of dollars in digital assets; notably the attacks on Mt. Gox, Bitfinex, and Coincheck, among others.
You can read more in the article on btcmanager.com
https://btcmanager.com/new-hybrid-crypto-exchange-set-to-be-the-cryptocurrency-market-innovation-of-2018/