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Alternative Market Briefing

Blockchain Board of Derivatives, world's first hybrid crypto trading platform launched

Wednesday, August 15, 2018

Laxman Pai, Opalesque Asia:

The world's first hybrid cryptocurrency derivatives trading platform, Blockchain Board of Derivatives (BBOD), has been launched in partnership with GMEX Technologies.

Traders all around the globe can now have access to this platform which makes it easier for traders to access it, said a press release from the company.

The suite offers crypto asset support and blockchain integration; and will be used to trade Ethereum-based derivatives with a combination of order matching, market surveillance, "security of funds" and margin trading.

Chris Urbanowicz, CTO and co-founder of BBOD, designed the custody solution called the smart contract wallet system, in order to keep traders in control of their funds.

Until now, cryptocurrency traders have had to choose between centralised and decentralised trading platforms, with no options in between. Centralised exchanges process transactions quickly, but expose traders to security risks by requiring them to give up custody of their funds. Decentralised platforms offer enhanced security by keeping traders in control of their funds, but lag repeatedly and offer limited trading options.

However, this launch marks the beginning of a new take on trading - the hybrid approach. Blockchain Board of Derivatives' hybrid trading platform combines the speed of centralisation with the security of decentralisation.

In order to keep traders in control of their funds, Urbanowicz and his team design......................

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