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.
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.
On top of that, Bitfinex’s Paolo Ardoino claims that the network could also speed up Bitcoin deposits and withdrawal.
Denys Serhiichuk
U.Today Editorial Team
Vladislav Sopov
Dan Burgin