Blocktrade: Powerful Regulated Crypto Trading Exchange?
Blocktrade.com is a new EU-based cryptocurrency exchange that recently opened up pre-registration for users. Find out how it works today in our review.
What is Blocktrade?
Blocktrade is a cryptocurrency exchange created by the team at Hedge, which is best known for its cryptocurrency index. The company was first announced in February 2018. As of March 2018, Blocktrade.com is now accepting pre-registrations. When launched, users will be able to open a trading account, then trade through web browsers at Blocktrade.com or through mobile apps for Android and iOS.
Blocktrade.com aims to offer “Swiss security levels” to cryptocurrency exchange users. The platform will also be fully regulated and compliant within the EU, and users will enjoy high transaction throughput.
Blocktrade aims to launch by Q2 2018.
Features of Blocktrade
Blocktrade emphasizes the following features:
Regulated Trading Facility:
Blocktrade is in the process of acquiring a trading facility license under the MiFID II regulation in the EU. It will be approved by the European Securities and Markets Authority (ESMA).
Blocktrade will use “sophisticated software architecture” to give their exchange “higher processing performance results than Nasdaq”, explains the official website. The platform will be able to process over 1 million trade requests per second, opening the platform to institutional money managers, brokerages, high frequency traders, and all retail users.
Blocktrade.com, like all good cryptocurrency exchanges, will emphasize high level internal and external security protocols, verified and audited by security experts.
Trade Crypto Assets and Indices:
You’ll be able to trade cryptocurrency assets over Blocktrade.com. You’ll also be able to trade “Crypto Traded Indices”, or CTI, on the platform, as well as blockchain-related financial products.
Swiss Data Centers:
Blocktrade user data is protected by the Swiss Federal Data Protection Act, or DPA, and the Swiss Federal Data Protection Ordinance, or DPO.
Blocktrade uses a Swiss-based encrypted communication service provider to ensure the highest privacy standards for internal and external communication.
Overall, the goal is to attract institutional clients and other retail investors who need an enterprise-grade high frequency trading system. Here’s how the company describes it in an initial press release:
“Blocktrade.com’s advanced matching engine has been tested to process over 1 million trades per second and utilizes a multi-core scalability approach. We will unlock institutional grade trading for retail clients, brokerages, mutual funds, algorithmic and HFT traders, while keeping the future trader in mind.”
Today’s high frequency traders and institutional investors often struggle to interact with cryptocurrency exchanges. Exchanges can’t always process high levels of transactions – particularly during busy market times. Other exchanges lack privacy or data security standards.
Blocktrade.com is registered as Blocktrade AG. The cryptocurrency exchange is in development by Hedge, the cryptocurrency index provider. Blocktrade.com is officially registered in Vaduz, Liechtenstein.
Blocktrade.com is a new cryptocurrency exchange scheduled to launch in Q2 2018. The exchange just opened for pre-registrations in March 2018.
Blocktrade.com is in development by Hedge, best known for its cryptocurrency indices. Hedge wants to attract institutional investors, high frequency traders, and other retail clients to its trading platform using features like a 1 million transaction per second trading engine and Swiss data protection standards.
To learn more about the exchange, or to pre-register today, visit online at Blocktrade.com.