Qurrex – Making cryptocurrency exchange faster

In 2017, the appearance of Bitcoin and altcoins has made waves all around the world. People started heavily investing in different coins and ICOs, and now many crypto-savvy guys have tens or even hundreds of various coins stored on their wallets. Since the market of cryptocurrency started evolving recently, there’s still a serious lack of high-end technological solutions for the exchange of coins.

The market for cryptocurrency has the following problems:

• Lack of liquidity. Although the amount of traders has risen considerably, most of them are still not willing to sell their tokens and put the money back on the market. They are waiting for the coins to rise to a certain value to make profit.
• Centralized nature. Being a single point of failure, a centralized crypto exchange platform is an easy target for cyber criminals. The immutable nature of transactions means that the transfers are final, and cannot be recovered.
• Difficulties with settlements. Exchange platforms only serve as a third party that just arranges a trade between buyers and sellers – they bear no responsibility for the events happening on their websites.
• Technological development isn’t sufficient enough. Although there are many interesting projects popping up here and there, they still cannot offer the same quality of technology as large exchange platforms. Modern crypto exchanges are not able to detect all frauds and market manipulations taking place around.

In order to deal with some of those issues, Qurrex team has come up with an innovative solution.

What is Qurrex?

Qurrex is a unique hybrid cryptocurrency exchange platform that unites benefits of both centralized industries, and blockchain technology. The project is aimed at partnership with professional stock exchange participants and increasing of market liquidity. Qurrex offers fast and safe exchange and trading service for all members of crypto community (investors, brokers, beginning traders, and so on).

The main features of the project include:

• Ultimately secure and efficient architecture that is maintained by independent audit.
• Wide functionality for the benefit of any user.
• 100% transparency: a publication of financial accounts, audits, formalized processes.
• Social trading and investing performed in one marketplace.
• Convenient personalized interface and a well-developed API.
• Payment gateways for transactions with fiat currencies.
• 24/7 multilingual customer support.

Therefore, Qurrex serves as a decentralized and centralized exchange, as well as a trading platform.

Technological Perfection: How It Will Be Reached?

Both centralized and decentralized exchanges have their strong and weak sides: Qurrex combines them both to be complemented and perform transactions flawlessly. This project is a perfect unit of blockchain technology (ensures safe data storage, there’s no need of middlemen, it provides liquidity on all nodes) and a centralized node with technologies equal to the ones used by leading stock exchanges.

Therefore, every node will ensure the best level of service for users. The Smart Order Router will be operating on all nodes to supply users with relevant information about the most beneficial exchange rates. The decentralized platform will consist of two nodes:

1. Confirming nodes will define the commission for transfers (it will be charged in deal cryptocurrency).

2. User nodes work with user requests.

How Can I benefit from Qurrex?

Let’s not forget that Qurrex is optimized for both individual and corporate users. While the team aims to start a partnership with leading centralized exchange platforms, it also leverages the whole gamut of features for sole traders and investors.

First and foremost, its trading platform provides ample information about the current coin value, exchange rates, provides short-term and long-term signals, and gives recommendations. Besides, users can create portfolios and trace the performance. Secondly, Qurrex can find the most beneficial exchange rates at partners’ exchange stocks. You don’t have to make the search on your own – the information is available in real time in one place.

For corporate users, Qurrex provides a lot of functions and advantages, and liquidity is one of them. Besides, the combination of blockchain and centralized node make up for excellent security and transparency of transactions.

Bottom Line

The ideas of Qurrex team are innovative, and the project can prove to be very useful for those who need a convenient and safe exchange platform. However, it hasn’t launched a beta-version yet, and it’s not clear whether corporate users would widely adopt the system on their exchange stocks. But we wish the project best of luck and hope it will bring good working product soon.

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