New Trading Platform Expected to Increase Liquidity Across Cryptocurrency Exchanges

  • Alex Dovbnya
    📰 News

    An armada of crypto exchanges, many of which report fake trading volumes, has been a matter of grave concern because of the risks connected to availability of liquidity

New Trading Platform Expected to Increase Liquidity Across Cryptocurrency Exchanges
Cover image via u.today

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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