The growth in venture capital investments coupled with rising awareness among the investors’ investors makes the crypto industry proliferating the market growth. Cryptocurrency exchanges tried to expand their offerings to sustain the needs of their users and traders, – but Troy Trade, who’s working to extend with prime brokerage services to established financial firms, as well crypto-trading operations that need tier 1 liquidity provider aims to leverage decentralized exchanges for the same audience.
Problems of exchanges:
Exchanges have a clever set of tricks and it has been a headline in recent months. Manipulating, Wash trading, these exchanges try to inflate their volume with fake transactions to fill liquidity traps and lure users to trade, and resulting in losses of investors’ assets. There is also a high risk in terms of security. There was too much risk exposure in the centralized exchange, such as the closed-source code, the asset custody process that too many people get involved in. These processes are often opaque and centralized, which is easy to cause a lot of security bugs.
Introducing Troy Trade
Troy Trade is founded in 2018 which focused on professionals instead of opening a brand new exchange. They have been the first to implement the idea of Prime Brokerage on the Blockchain, built and design for professional traders and large money managers.
Troy Trade levels the technological playing field while providing the tools and services that professional traders need. Therefore, with Troy Trade users compete on a level playing when it comes to depths of liquidity, speed of execution, clearance and settlement times, margin trading accessibility, and account management. Troy Trade offers real-time analysis and provides the functionality, technical insights, and customer support that pro traders experience for professional and institutional investors
Troy Key Features
Troy Network is aiming to build a world-class financial platform based on the mature fundamental infrastructural blockchain, to serve all professional financial institutions as the most advanced crypto assets trading platform, and to provide any kind of commercial applications with full-functional trading tools, by aggregating the liquidity of all major global crypto exchanges and inheriting the advantages of DeFi financial service [decentralized, borderless, trustless].
Troy Trade is currently connected to thirty trading platforms, like Huobi and Binance, most trusted exchanges were included. It will let the users trade across different platforms, helping to even out liquidity. And in Q1 2020, TROY will be acquiring a full broker-dealer license and by September 2020, Troy will be running completely.
Disclaimer: This a paid post, and should not be treated as news/advice.