GAP600 To Enable Cinnober Crypto Exchange Service With Instant Transactions
Instant digital currency transactions are now possible on the Cinnober platform, a network is built for the purposes of crypto clearing & exchange. The exchange provider recently partnered with GAP600 to realize the instant transaction feature. Today, Cinnober exchange users can leverage the GAP600 advanced efficiency since its services were integrated to the exchange.
Eric Wall, Cinnober’s blockchain & crypto lead said that the integration with the GAP600 instant service eliminates lags that may affect execution prices;
“Such transactions can take 60 minutes or more until they are visible in the user’s trading account. Due to the volatility in the cryptocurrency markets, the value of the assets can change significantly during this time. This problem is removed with GAP600’s service.”
The CEO Cinnober Group, Peter Lenardos, acknowledged that this collaboration indeed is beneficial to its platform users. He supported this argument by adding that the existing time lag for blockchain-based transactions can make traders miss entry or exit points. It therefore follows that the instant transaction feature improves the client experience by giving them a competitive edge in this new market.
GAP600 is able to realize its transaction efficiency through features that facilitate the approval of unconfirmed BTC & BCH transactions by crypto exchanges. This tech makes analysis & allocates scores to transactions using a proprietary risk engine as they are recorded in the memory pool. Furthermore, the crypto transactions are guaranteed by an underwriter before on-chain operations commence.
Daniel Lipshitz, CEO & co-founder of GAP600 is optimistic about a smooth integration & value addition;
“GAP600 is easily integrated, which means the instant payment transaction functionality is ready to go live on the Cinnober platform, offered as a value-added feature to Cinnober customers. Offering this functionality will significantly improve the cryptocurrency exchange value proposition.”
Cinnober’s market position has been established within the fast growing cryptocurrency arena. The platform enables its users to trade multiple digital assets to their benefit. In addition, Cinnober is highly reliable even with large volumes as institutions spearhead the adoption of crypto coins. This exchange has partnered with the likes of Irisium & BitGo which provide asset surveillance tech & custodial services respectively. In doing so, the Cinnober exchange service is able to accommodate large institutional investors.
Cinnober In Detail
Cinnober extends its services to popular trading avenues which include; brokers & banks, clearinghouses & exchanges. The platform bases its solutions on TRADEExpress Network; this ensures that all the important features to support a flexible, robust & high performance platform are integrated. Cinnober’s portfolio offers a wide range of analytical stats; surveillance & distribution of data, clearing & settlement, real-time risk management & price matching.
The exchange service enjoys a good number of clients; Stock Exchange of Thailand, NYSE, London Metal Exchange, JSE, Japan Exchange Group & Dubai Gold & Commodities amongst others. Cinnober has leveraged tech to specialize functions within its ecosystem for more market acquisition. As it stands, the exchange service has 3 smaller wings looking at clearing, transparency & trade reporting within the Cinnober network. Investors whom might be interested in these shares can purchase them from the Nasdaq First North Exchange.
This is the first crypto transaction enhancer project in the blockchain world. GAP600 dates its existence back to 2015 although the developments for crypto transaction solutions began a year later. The network enables crypto traders to avoid time-lag related risks by recognition of unconfirmed cryptocurrency transactions as mentioned earlier.
Basically, GAP600 is meant to revolutionize the efficiency in trading crypto coins by incorporating instant transactions in this ecosystem. This will improve the crypto user experience as the market looks into more adoption going forward. GAP600 has an all-rounded team whom make contributions to improve the Fin Tech design of this idea.