Waves interested in exploring Trends in Automated Crypto Trading
Under the leadership of Sasha Ivanov, Waves blockchain platform, host of the recently held Trading in the era of Robots and Bitcoin in November 2016 at its Digital October Center office is exploring some of the developing trends in the cryptocurrency trading arena with an intention of capitalizing on them.
Waves is a decentralized platform that allows any user to issue, transfer, swap and trade custom blockchain tokens on an integrated peer-to-peer exchange.
The risks attached with Bitcoin date back to the first Bitcoin exchange. Mt Gox, the firstBitcoin exchange which started in 2010, had to close down in 2014 down due to series of management and security issues.
Bitfinex, the latest exchange to get hacked lost around $70 million back in August 2016.
Ignoring the risks, traders continue to get attracted to cryptocurrency trading due to the earning potential it offers.
Sasha Ivanov, the CEO of Waves platform, believes that the cryptocurrency market will move in the direction of greater regulation and efficiency and the that Arbitrage opportunities will gradually disappear paving way for high-frequency trading; and platforms for trading stocks on the blockchain will arise. It will also lead to the emergence of ETF like trading funds.
The blockchain technology application is not being completely exploited and the markets that have already been established on the blockchain typically do not enable trading with sufficient speed.
The Waves platform seeks to remove existing barriers with the DEX (decentralized exchange). It will allow anyone to have access to exchange facilities, whilst paying low fees. Any currency, security or commodity can be traded against any other, subject only to two parties agreeing to it over a system of order matching and settlement built on the blockchain.
Waves will provide the speed of traditional crypto trading engines, whilst keeping the security benefits of a peer-to-peer system.
Waves recently launched full nodes and custom application tokens (CATs), which allow anyone to create and send their own tokens. These will be the foundation of fiat and securities tokens on the blockchain, provided by gateway financial organizations.
p class=”s9″>Source: NewsBTC