There are now more than a hundred different cryptocurrency exchanges according to Coinmarketcap. Many of these cryptocurrencies are also very new having only been launched in the past twelve months.
This flood of new exchanges has provided crypto traders with more choice than ever before, but it has also created an equal number of challenges.
The trading volume on each of these individual exchanges can be very low. What’s more the invariably have a different user interface, as well as different processes for depositing and withdrawing funds.
This has made the process of trading across different exchanges incredibly complex.
This is a major problem for the fast trading world of cryptocurrencies, where having to execute trades manually across different exchanges, can result in turning a winning trade into a losing one.
But imagine if instead of opening up multiple accounts with dozens of different exchanges, you could access all of them from the same user interface.
That’s the vision for the next gen Crypto Trading platform called ARBIDEX.
Put simply, ARBIDEX provides access to all of the major exchanges through a single interface. For the trader the experience is as seamless as if they were trading on only one exchange, but in reality they have access to all of the liquidity that is available across the entire range of exchanges.
Whats more ARBIDEX uses a technical algorithm to initiate partial purchases on different exchanges to ensure that the best possible price is obtained. This avoids the problem of putting in a large buy or sell order and having to accept a worse price on some parts of the trade.
A New Level Of Professionalism
The shift towards a single terminal for all trades should bring a new level of professionalism to the crypto trading industry. Currently crypto trading is primarily the domain of crypto enthusiasts and highly technical traders.
Many of the tools that traders would normally use outside of crypto, such as special stops, are not available on crypto exchanges. As traders are able to shift towards a single terminal for trading and a common user interface, these tools can be rolled out.
Enabling Automatic Arbitrage Opportunities
The fractured nature of the crypto exchanges means that there is constant price differentiation between the exchanges. This has created the opportunity for arbitrage. Most traders are unable to take advantage of these arbitrage opportunities because they lack the software or hardware that is required.
ARBIDEX would simplify capitalising on these arbitrage opportunities. Built into the platform is the ability to initiate automatic arbitrage orders. This doesn’t require manual intervention by the trader. In exchange for this service ARBIDEX applies a 50% commission on the revenues that are earned. This will likely prove a popular option considering the riskless nature of arbitrage.
ARBIDEX Token Sale
ARBIDEX is running a token sale, the funds from which will go towards the development and promotion of the ARBIDEX platform. Contributions to the ARBIDEX token sale can be made in ETH. You can learn more about the ARBIDEX token sale by visiting:
ARBIDEX Website: https://www.arbidex.uk.com/
ARBIDEX Whitepaper: https://www.arbidex.uk.com/assets/wp_en.pdf
ARBIDEX Hashtags: #arbidex #arbibounty