The world’s first stock exchange was inaugurated in 1611 in Amsterdam. More than 400 years later, except for the basic concepts of , almost everything around it has changed. Technological advancements and people-focused businesses have made stocks from across the world easier than it ever was — thanks to efficient stockbrokers.
The comparison between stock and markets would be unjust and groundless given have only been around for a decade. However, the 21st century is all about rapid technological growth, and far more advancement is expected within a short period of time today than back in the 17th century. So, in this fast-paced environment, it’s important to keep up with the rising demands in order to keep people engaged.
The current market is booming with new traders joining in every day. The advancements being made in the industry are well targeted to suit the needs of all these new and old traders. But the one point that still seemingly falls under the gray area of the stakeholders and innovators is the absence of an eminent broker. Many crypto traders, due to the absence of any broker, face difficulties the various that are listed on the number of crypto exchanges.
Problems
The problems faced due to lack of crypto brokers in the markets can be broadly classified into two parts: managing accounts of multiple exchanges and lack of advisory services.
Managing Accounts of Multiple Exchanges
With so many crypto exchanges already present and more adding up on the go, and each providing varieties of crypto pairs, it’s upon the traders to create an account on each of those crypto exchanges where they find suitable cryptos to trade. The repeated account opening and the long process behind it simply adds to the efforts that people need to trade .
Multiple accounts mean transferring of funds from one to the other by paying high fees. On top of this, the time taken to do so also is a loss to the traders. And with so many crypto exchanges in the market, it only entangles the process of finding the best execution prices.
Lack of Advisory Services
We need advice, maybe not all the time, but a lot of it when we start out. For crypto traders, however, it’s almost impossible to find contacts to professional investment teams that may suggest them the right moves to make. Also, the absence of third-party fund custodian invites principal-agent problems during the management and clearance of fund.
These issues need to be addressed. The question now is, how?
A crypto broker that renders cross-platform may be a good fit.
CoinBroker Can Disrupt Crypto Brokerage
In an effort to align the demands of crypto traders with an effective solution, Willliam Young, an experienced entrepreneur, Xuezong Wang, widely known economist, and Liren Chen, a computer technological expert joined hands to put forward a solution.
As a result of their strategical efforts, CoinBroker, a cross-platform crypto broker, was created. The platform comes integrated with the world’s first cross-convergence and order routing intelligence system.
Universal Account, Integrated Orderbook, and Smart Orders
Just like a stockbroker would connect traders and investors to all the different stock exchanges and allow them to trade from the hundreds of listed stocks from a single account, CoinBroker plans to do the same for crypto traders. By creating a single universal account on CoinBroker, traders will be able to buy and sell that are listed on mainstream coin exchanges across the world.
An integrated Orderbook, an exclusive feature of the CoinBroker platform, also comes integrated with the platform. It combines ordering information from the exchanges that CoinBroker has access to and provides a transparent bi-ask price distribution across the various platforms. Smart Orders, on the other hand, allow traders to automatically choose the best available market execution price.
Trading API, Strategy Market, and Fund Mall
Traders on CoinBroker can use the unified API to develop their own algorithms and quantitative analysis tools to trade from all crypto exchanges that CoinBroker has access to. Also, traders can rent robots on the platform or can subscribe to technical indicators developed by third-party experts. The platform also has a social media portal for sharing the latest and sharing strategies.
Apart from direct investment options that CoinBroker provides, traders can also choose to buy fund products from the fund mall. To set aside the agency-customer problem, CoinBroker will be keeping those fund products under its own custody.
Margin Trading, Consulting Services, and Free Education Portal
Despite the demand for it, Crypto market has yet to see the expansion of margin . CoinBroker promises to offer its qualified users with leveraging options such that they can borrow one to trade the other.
Some other noteworthy features of the platform include a platform with a friendly and easy-to-navigate user interface, consulting services, and a free portal to learn about , , and .
Conclusion
There are only minimal brokers in the market and almost none that provide quite as many features as CoinBroker promises. This makes it highly likely that the company will make the break to help traders trade cryptos through broker platforms. Many people might also want to wet their feet in the waters of because brokerage firms through their consulting services make it easy for traders to take up the profitable trades.
CoinBroker has the ball in its court now, and how and where the team hits it will decide how far they can take it. If experience is to be a deciding factor, CoinBroker has decades of collective experience from business as well as technical backgrounds which is sure to make the best out of the idea.
Published at Sat, 04 May 2019 16:05:22 +0000
