제목 : Bithumb blessed exchange alliance BXA, wants to become the digital asset financial institution of the future world
내용 : For digital currency exchanges, the pain point is how to increase the depth of trading and enhance liquidity, especially under the bear market. In order to solve the pain point, the digital currency exchange launched a series of games such as “transaction is mining”, financial derivatives, and invitation to quantify the team.
In addition to these actions of the digital currency exchange itself, the encrypted world also has a role in the stock exchange in the traditional financial world, allowing participants to share transaction data and liquidity. Recently, the Odaily Planet Daily contacted the BXA (Blockchain Exchange Alliance). Currently, Bithumb, one of Korea's largest exchanges, is a member of the alliance.
The main purpose of the exchange alliance is to share order data and increase the liquidity of the entire network. Each exchange is a member of the alliance and also gains liquidity.
BXA Global Co-CEO, Bithumb's largest controlling shareholder, Singapore BK Consortium Chairman Kim Byung-gun and BXA Board Member Kangho Kim said that although BXA is currently doing an exchange alliance, the vision is to be a digital asset financial institution that provides users with comprehensive coverage. Digital financial services.
For the exchange alliance, Tony Sun, BXA's global co-CEO and Chairman of the ONEROOT Foundation, said that whether it is digital currency trading or traditional stock trading or securities trading, the nature of the transaction is the same, through price matching, matching catalogues, and then Different market premiums to trade. If you make an accurate judgment, you will make money, and if you are not sure, you will lose money. Taking the traditional Shanghai Stock Exchange as an example, the transaction data of all the securities companies of the Shanghai Stock Exchange is open, sharing a set of matching servers, sharing a transaction depth, and opening all transaction data, so that sufficient transaction depth and market liquidity can be provided. BXA is equivalent to the Shanghai Stock Exchange in the blockchain world.
ONEROOT has established a strategic partnership with BXA as a blockchain solution provider to provide technical support. In terms of technical solutions, it mainly includes two products: DDEX and DCEX. Among them, DDEX is a distributed decentralized exchange solution based on R1 protocol (distributed decentralized transaction protocol). DCEX is a trading system solution for centralized trading exchanges.
Compared to technology, the biggest advantage of BXA is its operation, that is, whether there are licenses and legal currency channels. However, among them, Bithumb is the killer of BXA.
Tony Sun said that Bithumb has a large amount of operating income, capital in and out, not a startup, a successful company to make a transformation, with its own traffic. Currently, BXA has access to legal currency channels and compliance licenses in 16 countries around the world and has established 12 local entities around the world.
Currently, the exchanges in the BXA Alliance are mostly centralized exchanges. The decentralized exchange Bithumb DEX is based on the R1 protocol and was launched by ONEROOT in cooperation with Bithumb.
On the exchange alliance, the Odaily Planet Daily reported on decentralized trading platforms such as Tokenlon, DEx.top, and DDex, and introduced protocols such as 0x, Kyber, and Hydro. In the aggregation centered exchange, the Odaily Planet Daily reported on the cloud exchange service provider MasterDax, the transaction depth and the GLASS network of the settlement system. In addition, there is a poly exchange BiUP that wants to bring a global exchange to the platform.
The GLASS network is a transaction depth and settlement system created by SharesPost, a US private equity trading platform. At present, several major exchanges in China, OKCoin and Firecoin have joined the network. So how does BXA view the Glass network?
Tony Sun said that Glass is equivalent to the central bank's clearing and settlement system, which opens all ICBC, China Merchants Bank, and China Construction Bank. However, these traditional banks use the same system, and different encrypted exchanges do not use the same system. Set the system, so there needs to be a reconciliation process in the middle. BXA is a system used by all exchanges. The same standard, just like the Bank of China has opened branches across the country, the system is the same, the process of reconciliation is not needed, and the efficiency will be higher.
When talking about BXA's competitors, Tony Sun said that BXA's biggest competitor in the future is Coinbase, but Coinbase is in North America, and BXA's main battlefield is in Asia (South Korea, Japan, Hong Kong, Singapore). In addition to regional differences in the main battlefield, Tony Sun also said that BXA is building its own public chain.
For BXA's short-term development plan, Tony Sun said that the first phase of BXA adopts a self-built approach. At present, BXA's 16 exchange alliance members are all invested by us, and all have obtained licenses and have legal currency channels. When the prototype is completed, the number of users exceeds 10 million, and the transaction depth and liquidity will attract small and medium-sized exchanges to join. In addition, exchanges in the UK, Thailand, and Taiwan will share order data first. In February and March of 2019, Bithumb transaction data will be accessed.
In the long run, BXA wants to be a digital asset financial institution. Tony Development's development plan for this vision is divided into two phases: one is the technology layer, which attracts traffic and users through exchange alliances and public chains. The second is the need to superimpose various digital financial services such as payment, insurance, and asset management. Among them, payment is most likely to land.
Currently, BXA has partnered with Southeast Asia e-commerce Qoo10. In addition, Bithumb, a member of the BXA Alliance, previously announced a partnership with the US financial technology company Seriesone to launch a regulated securities-based token platform. Tony Sun said that STO is similar to the previous asset securitization, which can bring a new liquidity support market and bring a new premium space. STO is a trend that allows the traditional financial industry to accept blockchain technology, which is the biggest advancement. At the same time, tokenization may bring about a real cross-border financial market. Once cross-border financial markets emerge, then liquidity will A qualitative change occurred.
For team members, Kim Byung-gun, BXA Global Co-CEO, Bithumb's largest controlling shareholder, Singapore BK Consortium Chairman; Tony Sun, BXA Global Co-CEO, ONROOT Foundation Chairman, Internet Continuing Entrepreneur; Kangho Kim, BXA Board Member.
I am Qi Ming of the Odaily Planet Daily, exploring the real blockchain, and I like to chat with the gods. For project exchanges and breaking news, please add WeChat qingmoruoshui, please note the name, company, and position. Reprint/content cooperation/reporting contact [email protected]; violation of the law will be investigated.