IDAP: The #1 Crypto derivatives exchange of 2019
Ratings at a glance [8.7 out of 10]
Team — 9/10
Project Vision — 10/10
Project Stage — 7/10
Forbes, CNBC, Cointelegraph all believe that institutional money is going to enter the cryptocurrency space. The question to ask is whether the crypto market is mature enough for them to trade? Does it have the depth and the tools to support institutional trading?
IDAP (International Digital Assets Platform) is a full featured exchange for crypto assets that caters to diversified trading and investment needs. IDAP will be the first exchange to bring the complete derivatives product ecosystem to crypto asset market and all the necessary trading tools and techniques.
IDAP is a platform built by traders for (institutional and retail) traders instead of being built by technologists for traders. At its core, there is a desktop app that traders can use. IDAP will also have a web version.
I have resisted the temptation of comparing against existing players, because idap is not competing with them. idap wants to capture the new market of institutional investors who are looking at crypto but haven’t entered it.
Team [9/10]
The team comprises of 4 founders who have significant experience in derivatives market and an impressive educational background. There are 8 people who are part of the team and idap continues to hire the right talent to deliver the vision. The team has partnered with an external firm to build the core trading engine, who has experience building scalable financial trading systems.
The line up of advisors is equally impressive. Each one is an expert in their field and will add real value to the project.
While the founders have some experience in crypto markets, they have not worked on any crypto project.
Project Vision [10/10]
On the institutional side, idap has a full fledged desktop app that will enable trading in derivates and spot. The unique feature is that an institutional desk will be able to define limits for traders — deposits and withdrawals will disabled for the traders, thus solving the risk that is associated with misuse of trading funds for the institutions. I expect this to bring in an entirely new set of institutional investors to the crypto markets.
IDAP will be building a high performance low latency platform that will enable the growth of derivatives products.
IDAP is building a full fledged ecosystem for everyone, right from ICO funding, spot trading, F&O, swaps, ETFs and crypto indices, OTC and margin lending.