Hong Kong’s First Decentralized Crypto Exchange ‘Sparkdex’ to Address Security Concerns


Press Release: Sparkdex, the first decentralized crypto exchange in Hong Kong, will officially open its doors on August 30, 2018.

Hong Kong, August 28, 2018—the first decentralized crypto exchange is set to launch its operations for crypto enthusiasts. Sparkdex, which is designed with crypto traders in mind, has a decentralized exchange that will help the traders worldwide to conduct P2P trading. The exchange will focus on tokens, cryptocurrencies, and stable coins. On Sparkdex, there will be no need for an all-encompassing documentation.

The platform will put transaction limits on each withdrawal or deposit, with trading fees between 0.2 and 0% according to the traded assets. Once launched, cryptocurrency traders will experience high-performance trading, especially because Sparkdex will handle trading volume equivalent to that of Nasdaq. Moreover, it’s faster and can handle up to 100,000 transactions per second.

Sparkdex is a subsidiary of Spark’s money transfer community that operates on BitShares blockchain. The first decentralized exchange will handle a large volume of stable coins to the tune of more than 180 international currencies attached to Spark’s money transfer service. Spark’s international product line has been operational since 2014, serving consumers through mobile and web applications.

Top personalities have said the following about Spark:

“Spark is proud to be debuting Sparkdex which enables traders to access the world’s largest, most active, most liquid, and highest capacity exchange in the world,”—George Harrap, Co-founder, CEO of Spark.

“The Sparkdex is next generation trading available now. It’s the biggest advance in trading security from centralized risk since cryptocurrency exchanges went mainstream. We are excited to begin building Spark’s liquidity from our international markets directly on Sparkdex,”—Maxine Ryan, Co-founder, COO of Spark.

More About Spark

In 2014, an idea was born to set the foundation for a bankless future when it comes to money transfer. Formally named Bitspark, it was to help businesses and consumers transfer money through stable coins attached to international currencies. Spark’s services do not need a bank account or knowledge in cryptocurrency.

This makes it a friendly platform to the unbanked community and de-risked businesses in more than seven countries in Asia and Africa. Sparkdex was also the world’s first company to conduct money transfer using bitcoin. It seeks to solve the current problems, especially when it comes to security. This will boost the trust and confidence of crypto traders worldwide.

More information is available on Sparkdex website at http://www.bitspark.io/trade

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