Today, there are more than 120 cryptocurrency exchanges, where many currency pairs are traded in cryptocurrency and Fiat funds (dollar, Euro), all these platforms belong to different markets, have their own fixed commissions, but still the bulk of trading is conducted on the 20 largest resources. Among them are Bithumb, Coincheck Binance,Bittrex, GDAX and others. Thus, according to the statements of experts, today's total market capitalization of cryptocurrency, which is now down to the level of at least $250 billion (at the peak in January 2018 reached almost 800 billion), it is still a drop in the ocean. Almost now the market is at the “bottom”. This market has large reserves, so over the next few years the total capitalization may reach several trillion dollars. Major financial players, including professional traders, exchange-traded investment funds see a very profitable opportunity to enter this market right now, so there is no doubt that it is necessary to create a professional trading platform. Now, due to the fragmentation of all resources, the processing of large trading volumes is quite difficult, it is impossible to buy or sell, as there is often a problem of lack of liquidity and inefficiency.
The XTRD project has emerged thanks to professionals who are well versed in the financial sector and trading at a professional level, so many of them have experience on wall street. The purpose of the platform is to optimize and combine all currently created tools for trading, easy access, increase liquidity, instant transaction execution, the highest level of security, dramatically reduced fees, selling large volumes with minimal spreads, and more. Now on various exchanges have their own rules, where you need to pass a full KYC, somewhere simplified, somewhere it is not required. This order creates a fragmentation of users and assets, and as a result of this confusion, there are financial shocks with large injections of currency into the market or its outflow. Also, the risk of hacking by hackers increases, and traders can run into a fraudulent exchange, since no one guarantees the safety of funds. Moreover, most exchanges take significant commissions, in the area of 0.1 to 0.25 % for each transaction, and such commissions are often not justified, but due to the fact that such platforms do not have the proper level of transparency, thus the logs receive unjustified non-competitive windfall, significantly affecting the cryptocurrency market. Losses in case of lack of liquidity, that is, the inability to sell the entire volume at the market price, can reach 5%, that is, when buying a cryptocurrency for $1 million, losses will be 50 thousand dollars. XTRD aims to address these issues by offering a professional solution based on proven and working mechanisms.
XTRD developing three interrelated products. As a result, the problems of liquidity of the cryptocurrency market will be solved, the decentralization of transactions will be launched and the disparate interfaces of exchange services will be linked together.
1)Launch universal API with minimal delays, to be called Financial Information eXchange (FIX), which will integrate with almost all existing cryptocurrency exchanges. As a result, the market availability for all participants, including large organizations, hedge funds and traders, will be improved, as the work with all resources will be carried out through a single application.
2)According to the roadmap, in 2018 it is planned to launch its own professional trading platform for energetic traders with support for a wide range of currency pairs and cryptocurrencies.
3)The implementation of the single access point is planned as the third useful financial instrument for the implementation of its plans. This stage is needed to consolidate liquidity from various cryptocurrency exchanges. Among other things, traders will be able to buy and sell assets at the best prices, with minimal transaction fees. At the same time, advanced Atomic Swap technology will be implemented, when trading is possible even between different blockchains, for example, buy Neo for BTC, LTC for BTC, directly from users wallets without intermediaries and commissions.
If we make a General conclusion, the XTRD platform was created in order to facilitate and make more effective the interaction of users with the cryptocurrency market. The advantages of using this solution will be to ensure price transparency and formation of transactions, lower fees, increased liquidity of assets, financial stability for each of the parties in transactions on the exchange, reducing slippage due to the expanded pool of liquidity and intelligent algorithms, combining various cryptocurrency markets in one application, and so on.
Within the framework of the project, AN internal XTRD token of the ERC20 standard based on the Ethereum chain was released to pay for the platform's services. It is also distributed as part of the initial token placement procedure (ICO). I recommend following the news on the official resources of the project, which are listed on the links below, to get the latest information on the start date of the ICO.
Site: https://xtrd.io/
ANN: https://bitcointalk.org/index.php?topic=4477503
WhitePaper: https://xtrd.io/xtrd_whitepaper.pdf
Twitter: https://twitter.com/xtradeio
Facebook: https://www.facebook.com/xtradeio
Telegram: https://t.me/xtradecommunity
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1897319