w cryptos are created and new exchangers are born but speculators, traders and long term investors who have found passion in the crypto industry are not provided with their desired credible investment platform that would integrate these numerous exchangers to enable them compare prices across several exchangers without the burden of moving from site to another.
Because the industry is fairly new, there are constant innovations, leading to continues changes. For cryptocurrency traders and speculative investors, these changes are most worthy of attention when it concerns the prices of their investment. Every investor wants to be on top of the game by getting information about crypto prices as prompt as possible. But moving from one crypto exchange to another just to compare prices has always been one tough challenge that tries to interrupt this desire for prompt information, especially for investors with many different tokens. Not only does this gnaw away at their time, most times, it keeps them several minutes behind the appropriate time for a given investment.
In addition to this, not every crypto currency can be traded on every exchange platform. There are numerous exchangers, with each of them operating on a different platform. Often, they introduce some less known tokens, and since the industry seeks for much more investments, from a general perspective, it would be a good thing for there to be alternative investment windows to enable potential investors make wise choices.
However, owing to the fact that the speed at which things grow in the crypto world is pretty high at this time when there are no equivalent sophisticated tools to run numerous crypto accounts and wallets, it has proven to be a tough task for investors to effectively monitor their investments without unnecessary hindrances.
Some Issues Affecting Cryptocurrency Traders
Although the market capitalization of some major projects in the industry has hit billions of Dollars, there are still cases of some exchangers not having enough funds to execute certain big-sized-orders due to potential liquidity issues. In cases like this, traders are left with no choice than to compromise their interest.
Besides, considering the way this industry works, there are individuals who got involved in the early stages of successful projects, allowing them to have holdings big enough to cause strong price swings simply because a single individual is moving his holdings around, this could also allow for pump and dump groups to proliferate, which is something that doesn’t really bring any value to the industry and is certainly a problematic approach that should not be happening.
Before now, there were no sustainable links amongst the exchangers. Traders had no automatic way of monitoring their holdings. This puts the burden of navigating sites that belong to different exchangers on traders, and this certainly not the efficient method they deserve.
Considering everything mentioned so far, it is clear, therefore, that there is an urgent need to have a platform that could help people who are participating in trading activities, using different exchangers to unify their workflow into a single place. This is where Caspian comes into action.
Getting To Know Caspian
Caspian is a platform, created to integrate major cryptocurrency exchangers to make it possible for investor to monitor their investments or take part in active investment process right from a single interface.
Right now, Caspian is connected to over 10 exchangers. They include: Binance, BitFinex, Bitflyer, BitMex, BitStamp, Bittrex, GDAX, Gemini, HitBTC, Huobi, ItBit, Kraken, Poloniex, Quoinex. The aim is to capture all major exchangers, so there is likelihood that more than this number will be added before the year runs out.
It’s developed in a manner that allows for different methods of implementation to take place, so any type of trader, whether individual or large scale entities can integrate into this platform in several ways to simplify their activities. And to make it more user-friendly, there is also an extensive support team ready to offer specialized help to solve doubts or issues users might encounter.
The Caspian Solution Can Be Divided In 3 Sections:
Order Execution Management System
Caspian allows its users to easily place orders in different exchanges while using the same platform. This is possible through the integrated interface. It means Caspian platform is empowered to communicate and carry out transactions on each exchange that is already linked to it. This can allow for faster movements, and more efficient trading strategies.
The great news is that the same functionalities available in common exchangers will also be present in the Caspian platform when a user switches over to that exchanger. And in addition to these features, Caspian provides firms with the option of assigning certain roles to certain experts – roles such as portfolio managers, compliance officers etc…. To keep things under control, every transaction activity will be registered for proper auditing.
A plan is on the way to add another valuable functionality called “TRANSACTION COST ANALYSIS” specifically for traders. This will serve as an automated info link to prompt traders on every useful change to enable them hit the investment button at the right time.
Because cryptocurrencies are amongst the most volatile assets in the world, and it is impossible to have a-round-the-clock checking charts and spot all changes in the prices, Caspian is developing a built-in system of notifications or alerts, so any user can instantly be informed about any important change or event that could represent a reason to change his trading strategies. It’s particularly important because there might be cases of extremely important news that can affect the crypto prices and traders may need to take action really quickly in order to take advantage of the opportunity it represents, or perhaps to avoid any damage to their holdings.
Position & Risk Management
Comprehensive information is always needed when doing analyses about decisions made in the past and decide whether some changes are needed or not. Caspian makes it possible for its users to have access to historical data in a fully customizable interface so the platform is the one adapting to the user’s taste and not the other way round. Every indicator that is needed by a professional trader will be provided by Caspian and this includes those from previous trades even if the exchangers used were different. The goal is to provide further security and ensure that transactions are carried out correctly.
Compliance and Reporting
Caspian Possible Impact in the Crypto Industry
By providing access to all types of traders to simplify their trading activities, much more investors who were restrained by time constraints, resulting from the huge amount of time that is ordinarily required to visit different exchangers, compare prices, analyze results and take decisions will now find a fertile ground to embrace cryptocurrency investment through the benefits that Caspian has provided. They will have access to much more information which will likely translate to more effective results in the investment programs.
The extended result is that trading and cryptocurrencies in general will become more known as an increasing number of people will learn about the available and easy to use tools there are at their disposal. If they are aware of how simple it could be to get involved in this industry, and how easy it could be to manage and trade their investment in a proper way with all the necessary analyses and indicators, then the adoption of cryptocurrencies will grow much faster.
In addition to this, since Caspian is gearing towards empowering firms and institutions with a topnotch built-in mechanism that will facilitate audit reporting, managing limits, setting alerts etc….it’s, therefore, likely that this will be the bait that more institutions have been waiting for to bring in more investments into the industry, mindful of the fact that some of them chose to maintain a distance from crypto investment due to these same technical complications that Caspian has successfully resolved.
Use Case
Take for instance, a situation when someone grows passionate about cryptocurrency investment – of course, crypto awareness is rapidly on the increase. If this passionate investor dives into the business with usual mindset of just trading, he or she has greater chances of hitting a logjam than succeeding. I drew this instance from what has been happening.
Reason is because when new investors newly join the industry, it takes a good chunk of time to learn the vast technicalities and the behavior of different cryptocurrencies that are hosted on different exchangers. Imagine having to browse through 10 different exchangers’ websites each day and trying to compare prices from each! These things can be pretty cumbersome, and as a matter of fact, a turn-off.
Now, imagine a case where the same investor bumps into Caspian and discovers that instead of comparing prices from 10 different sites, he or she only needs to log on to Caspian to execute all the needed transactions from whatever exchanger he or she has chosen. Again, as a beginner, he or she doesn’t need much effort to do market analysis because Caspian provides mechanism that does most of that. I’m confident to say that this is the wish of both new and old players in the industry.
Do see this brief video for more description
Token
The token used on Caspian platform is called ”Caspian Token (CSP)”.
Users who acquire this token have a number of benefits on the platform. For example, the users’ CSP could make some earning that might be used to settle certain fees.
Conclusion
The present transaction method sustains a wide gap between different crypto exchangers. This has made it so hard for investors to effectively monitor their holdings across these exchangers. The practices of checking and comparing different prices by visiting different exchangers’ portals can be exceedingly time-consuming and quite inefficient too.
Because Caspian has provided a detailed solution to these challenges, it is right to believe that much more investors will soon embrace the market and as a result, cryptocurrencies may soon rise to the status of main stream exchange medium for overall products and services.
Get more information about Caspian's products and services please visit any of the following channels:
Caspian Website
Caspian WhitePaper
Caspian Steemit
Caspian YouTube
Caspian Telegram
Caspian blog
Caspian News
Caspian LinkedIn
This is my entry for the @originalworks sponsored CONTEST
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