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.

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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