When Chris Urbanowicz first pitched the idea of creating a hybrid trading platform eight years ago, potential investors didn't take it seriously. But working on his idea for many years, Urbanovich, with the support of GMEX Fusion Technology Suite, finally launched his Blockchain Board of Derivatives (BBOD) platform last Friday.
Until now, crypto traders have had to choose between centralized and decentralized trading platforms, with no options in between. Centralized exchanges process transactions quickly, but expose traders to risks by requiring them to give up holding their funds. Decentralized platforms offer increased security by allowing traders to control their funds, but they are slow and have limited trading options. BBOD's hybrid trading platform combines the speed of centralization with the security of decentralization.
To ensure that traders can control their funds, Urbanovich and his team have developed a unique storage solution - a smart wallet system. Using this system, each trader creates his own wallet designed specifically for trading on BBOD. The platform then connects smart wallets with a high-speed centralized matching engine based on the company's GMEX Fusion Technology Suite, which can process 1,250,000 orders per second with an average latency of 75 microseconds. This allows traders to control their funds without experiencing the delays associated with fully decentralized platforms.
Blockchain Board of Derivatives also offers a wide range of peer-to-peer leveraged contracts, including:
- Ethereum-USD Perpetual Bonds
-FuturesEthereum - US dollar
- Bitcoin-Ethereum Futures
- Ripple-Ethereum Futures
- BBD Tokens
- In addition, the platform’s own BBD tokens allow traders to save up to 20% on commissions. The security of decentralized storage, leveraged trading and high speed of the BBOD platform gives traders the opportunity to maximize profits while minimizing risks.
“We are pleased that BBOD is now leveraging our GMEX Fusion technology, with full crypto asset support and blockchain integration, to trade Ethereum futures, coupled with ultra-fast order matching, fund security and complete margin trading simplification,” said Hirander Misra, CEO of GMEX Group and Chairman of GMEX Technologies.
According to http://thefintechtimes.com
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