Have you ever been at a point where you want to use an exchange but not sure if you should use a centralized, decentralized or neither? Because in one way or the other, both has their ways of disappointing you. How would you like an exchange that combines the flaws of a centralized and decentralized exchange to build a powerful, never existed exchange platform - A Hybrid Exchange.
Firstly, what is hybrid?
Simply put, it is anything derived or created from element of different kinds
In this case, Cryptoa - The first Hybrid cryptocurrency exchange - combined elements of a centralized exchange as well as a decentralized exchange to create an exchange to correct the major shortcomings of cryptocurrency exchanges ( CEX and DEX).
There are many problems relating to cryptocurrency exchanges (CEX and DEX), I will outline a few of those and how cryptoa intends to solve these problems.
Limitation on withdrawals: Due to low volumes and less liquidity, exchanges puts limit on withdrawals, thereby determining just how much one can withdraw from the system regardless how much they want. To solve this, Cryptoa will use secured credit lines from fintech companies to provide high liquidity. This will help the exchange flourish and give allow users the normal withdrawal cap .
Lack of broker support: As cryptocurrency is new and an evolving asset, there is an evident gap in the brokers community. Cryptoa solves this by incentivizing broker’s community and bringing them towards a single platform to improve volumes.
Limited means of communication between traders: Currently, no exchange has a means of communication for brokers. Cryptoa solves this by offering one business day settlement solution. Together with this, the exchange platform will give an edge over others where customer complaints will be solved by a separate customer service department offering services 24/7. Also, a chat assistance will be there to help customer’s queries.
Asides being a digital exchange and solving few of the problems listed above, Cryptoa will offer a fiat based coin (Cryptoa coin) to introduce liquidity in the market, will work on fintech based product, distribute coins on the basis of hybrid Proof system (PoW+PoS) and most importantly will work on zero commissions and free listing of coins in first 6 months of its inception.
Cryptoa as an hybrid exchange will make everyone's trading experience beautiful.
To know more about cryptoa, visit their website: https://www.cryptoa.com/