Giving name will be losing our competitive edge at the moment
Hope you understand.
You have competitors already? Which ones? I didnt see exchanges where crypto trading with shares. I just see exchange with deriatives (like Fota for example)
Everyone can be a competitor. Or a partner. But it is better to do not share some secret recipe. As example the exchange in your signature, or Ternion, etc.
But even if someone knows how to do it that does not mean they wil do it.
Most exchanges are here to take a piece of the cake. So they just deliver a working service, a working product, and then heavily invest in marketing to acquire market shares; this is how it works in the retail brokerage industry too.
And it works! So why should exchanges / brokers should bother themselves to rethink UI, UX, and value proposition since they can make a bunch of money reusing what currently exists ? There are company everywhere offering whitelabel of exchanges.
This is why we are different
We are here to really make a change, and to really have an impact, this is why we have started Jarvis. Not to add another exchange to the stack. So even if other exchanges could add CFD, stocks and so on, maybe they will not do it, or maybe they will, but it will not make a difference. If you take people who are not here to change things, or are not willing to shake things, but just see building an exchange as a business opportunity, they will succeed, get rich, but that's all.
We are here to change things!
You right, there are always competitors even if they don't have crypto/stocks pairs, they can copy UI, trading engine, copy the UX and so on (even how the customer service is delivered)
Yes they can; but there is something they cannot : have your ideas before you implement them. Look at Robinhood. Now everyone is copying them. Cobinhood, Revolut, etc. Will they succeed ? Maybe. But you generated value the first? Robinhood.
Also, you can copy UI and UX, but you can't copy a spirit, or an experience. And trust me, brokers and exchanges do not care about UI/UX because they do not value it.
In the brokerage world you have as example Pro Realtime: fantastic features, superb experience. Who copied them to integrate their idea or experience in their platform? 0 broker... they have all adopted MT4, the most awful and less user-focus platform ever. Why? Well because it is platform that does not help users, and makes broker win a lot.
Binance, they have a huge amount of money. Did they try to change their UI/UX ? No... is it a good one... well not for me... there is way better. Kraken... the deposit/withdraw requires so many clicks and is so non logic... but they keep not improving it.
When I started trading on Bittrex on march 2017, the portfolio/wallet value was only displayed in BTC... I had to use my calculator everyday to know how much I had in dollar... They changed it in July or august.... why wait all this time?
unless you are a real decentralized exchange; when I mean decentralized I mean almost does not exist : I mean an exchange with no team, no owner, just an open public code on github, run on masternode over the world, or even better, by users.
