XTRD - Wall Street Style
XTRD wants to bring a new level of technological sophistication to the world of cryptocurrency trading, providing its customers with enormous advantages in the process.
Much has been made of the built-in advantages professional traders enjoy on Wall Street. There has been a lot of ink spilled about the lengths to which brokerage firms will go to get their trades in a millisecond sooner, from relocating their trading floors closer to the heart of the action to investing heavily in technology that speeds transactions.
The same dilemmas have plagued the cryptocurrency market since its infancy, but now that cryptocurrency is suddenly popular, the built-in bottlenecks are becoming all too apparent. Many cryptocurrency traders found out just how hard buying and selling could be during periods of peak trading, with many finding themselves locked out of their accounts for long periods of time.
Now a new company aims to remove many of those bottlenecks and make the trading of cryptocurrencies easier and more intuitive. XTRD wants to bring a new level of technological sophistication to the world of cryptocurrency trading, providing its customers with enormous advantages in the process.
As the cryptocurrency market has grown up, more and more people have come to see Bitcoin, Ethereum, and altcoins as valid investments, not just currencies used to buy goods online. As the move from payment system to investment has evolved, so has the advice financial advisors have given their clients.
While many financial advisors are still wary of cryptocurrencies, others are taking a more nuanced approach. Instead of advising their clients to avoid the asset class entirely, they are encouraging buyers to spread the risk around by creating a basket of cryptocurrencies – a sort of crypto mutual fund.
Until now, creating that basket and tracking the performance of so many cryptocurrencies could be a real nightmare, but the executive team at XTRD hopes to change all that.
The concept behind XTRD is still relatively new, but the company has already achieved some impressive partnerships. The team has been working on the XTRD model since July of 2017, and they are working closely with the CME group to disseminate market data.
The team at XTRD is also considering a strategic partnership with Oracle, one that would allow the company to participate in the popular fintech niche. Fintech is bigger than ever before, with many brokerage firms and financial planning agencies incorporating technology into their operations.
The emergence of so-called robo-advisors has spurred the adoption of fintech by brokerage firms and financial planning firms, so a strategic partnership with a market leader like Oracle makes perfect sense. This kind of partnership should allow the company to take advantage of a growing marketplace and position the firm for future growth.
In addition to those partnerships, XTRD has also teamed up with CEX.IO in an attempt to custody clients for SPA. The firm has also developed relationships with major banks to facilitate crypto to fiat dark pool transactions, something that will be very important going forward.
The world of cryptocurrency is changing, and so is the way people and companies do business. By bringing the power of Wall Street technology to real-life traders, XTRD hopes to facilitate transactions, remove bottlenecks and make trader’s lives easier.
Warning : This is not an investment advice
To know more of them, you can visit them on this links listed below
Website : https://xtrd.io/
Whitepaper : https://xtrd.io/xtrd_whitepaper.pdf
Medium : https://medium.com/xtradeio
Telegram : https://t.me/xtradecommunity
CREATOR :
aervin11
https://bitcointalk.org/index.php?action=profile;u=1196880
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