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New Trading Platform Expected to Increase Liquidity Across Cryptocurrency Exchanges

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Wed, 10/10/2018 - 21:34
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New Trading Platform Expected to Increase Liquidity Across Cryptocurrency Exchanges
Cover image via U.Today
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An armada of cryptocurrency exchanges, many of which report fake trading volumes, has been a matter of grave concern because of the risks connected to the availability of liquidity on these platforms.

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Meanwhile, Blockstream, a San Francisco-based Blockchain startup, has made an announcement about the launch of its Liquid Network, Bloomberg reports.

This settlement network was designed for bridging different cryptocurrency exchanges and brokers around the globe, thus tackling the problem of liquidity. Since the Liquid Blockchain went live on Sept. 27, 23 big-name trading platforms have already signed up, including Bitfinex and BitMEX.

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On top of that, Bitfinex’s Paolo Ardoino claims that the network could also speed up Bitcoin deposits and withdrawal.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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