Counter.Market: Digital Asset Trading – BitcoinExchangeGuide.com
What Is Counter.Market?
Counter.Market is a blockchain-based platform that provides a safer way to trade digital assets, powered by smart contracts. The platform is so secure that it doesn’t take custody of users’ assets or their private keys. The assets remain secure on smart contracts and only the user can authorize transactions.
Additionally, the platform makes trading safe and simple. For example, users can create an account and start trading immediately. There is no learning curve and no complex steps to begin trading.
Finally, the platform embraces integrity. It implements regular and strict compliance and risk management measures. This leads to a complete trading environment with almost no risk.
How Counter.Market Digital Asset Trading Works
Trading at Counter takes place in five steps as follows:
The platform maintains speed and throughput facilitated by traditional exchange mechanisms. However, while doing so, it has decentralized the most security critical parts of the platform.
The Counter smart contract operates on a public blockchain. It’s responsible for managing custody and executing trade settlement. This ensures that every transaction is transparent yet secure from any sort of manipulation.
Counter utilizes an off-chain matching engine to process orders, which enables it to update trade balances in real-time while separating order matching from trade settlement.
All transactions on Counter must undergo cryptographic signing by the user. This prevents users from invalidating matched orders and protecting users from any unauthorized activity.
The platform engages the arbiter to sort and dispatch for trade settlement all signed transactions. This ensures that trades are correctly ordered and balances remain in sync.
Why Use Counter.Market?
Counter is a digital platform that offers complete trading experience by utilizing the blockchain.
It uses a hybrid-decentralized structure to achieve the performance of a centralized exchange and the security and transparency of a decentralized exchange. This type of combination makes it a preferred choice of crypto trading platforms for the following reasons:
Users have full control over their digital assets. Counter has no access to or custody of users funds or their private keys. Instead, a smart contract manages custody.
The platform does everything that a traditional exchange can do but in a better and more efficient manner. Counter provides real-time trading experience, giving users the opportunity to trade quickly and continuously without waiting for transactions to mine.
Best of all, Counter has integrated TradingView charts to help users with instant updates as the market unfolds. Therefore, users can enjoy a full suite of tools for creating, downloading, and sharing their charts.
Counter embraces dual-ledger system that protects users from front running and market manipulation. With this tool in place, traders can rest assured that they will conduct their trading activity without interruption any time.
Transparent And Auditable
The essence of blockchain is to create transparency. Counter conducts all transactions on public blockchains to make it completely transparent and auditable.
To crown it, the Counter platform has joined the category of companies that seek to eliminate the carbon footprint. Its model is optimized to reduce trade execution costs. It supports gas-free features such as order updates and cancellations.