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Trade.io Focused On Revolutionizing Traditional Trading With Blockchain Technology
Trade.io is the latest exchange platform that threatens to revolutionize operations in the financial sector. The decentralized trading platform plans to leverage blockchain technology to solve intrinsic issues that have gripped the sector in the aftermath of the financial crisis.
Trade.io Synergies
The exchange platform has inked a partnership with HitBTC exchange one of the largest cryptocurrency exchange. The partnership underscores the company’s commitment to cooperating with highest participants in the blockchain field as it moves to harness blockchain technology synergies.
The peer to peer platform uses Raiden network and Etherum main net to enhance the speed at which transactions are processed. Unlike other platforms that continue to struggle with the bottleneck problem, Trade.io can process up to 1 million transactions in a second.
Trade Token, is the platform’s native digital currency. The token is designed to offer real value as companies and users will have to match their tokens with real-world assets. Wallet holders may also partake the Liquidity pool, which is a large pot of money offering daily payouts and amounts equivalent to annual profits.
Participants in the trading platform will be able to lend directly to each other through a peer-to-peer lending program. The platform will also help companies issue tokens and launch initial coin offerings when in need of additional funds.
Transparency, ironclad security, and low fees are some of the benefits that Trade.io promises clients looking to enhance their trading adventures. The platform also comes with advanced base network and asset-based token as well as an exciting profit sharing model.
Transparency
Blockchain technology is one of the few technologies that has proved to be reliable in succeeding where regulation has failed. The blockchain platform is now using the technology to accord clients the highest level of transparency. Every trader in the platform is accountable for the activity as all transactions are traceable.
Trading records are irreversible which means corrupt brokers or bankers cannot try to manipulate the market in a bid to increase commissions.
Regulation
Trade.io is set to be licensed as a bank and financial exchange after entering into an agreement with a New York City-based broker/dealer, registered with the Financial Industry Regulatory Authority. The exchange is thus expected to play by the rules given the scrutiny that comes with the license.
“Being able to conduct tradition’s business in the United States in a regulatory compliant manner is critical. The broker/dealer will afford us with tremendous opportunities and unlock many sources of revenue potential,” said Mr. William Heyn.
We will be updating our subscribers as soon as we know more. For the latest updates on Trade.io, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Heating Oil via Flickr
BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.
Binance Coin Outlook
BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.
Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD) on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.
The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…
Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
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