Since 2017, we have seen trading volumes in cryptocurrency tokens rising to dizzying Heights and this have introduce more institutional investors to the trading platform for digital asset. Below capture is a survey carried out by financial expert in the banking industry
Looking at the market capitalization it shows that digital asset trading will surpass forex and commodity trading in the nearest future.
Although despite the huge opportunity the trading of digital asset presently there are still challenges facing crypto currency exchanges from recent research made.
Lack of a mature ecosystem -lack of regulations on the way trades operate on
The exchange often allows “whales” to manipulate the prices of certain currencies
Which is against the interests of other traders. Despite the cryptocurrency space growing rapidly and currently having a market cap of about $200 billion the trading ecosystem is still premature. There are several exchanges which suffer from serious liquidity concerns and many charge high trade fees which are very expensive to many people around the globe.Friction in dealing with fiat currencies – Often getting liquidity in fiat currencies against crypto assets is a hassle and leaves currency holders at the mercy of market volatility which often can lead to people losing out on money due to delayed processing either by the exchange or the banks.
Lack of good customer support –Traders often complain of bad user experience due to the non-responsive customer support provided by many exchanges. Often it is either the lack of management staff to handle the requests or a lack of will which leads to a poor customer support. We identified that most of the ex-changes do not spend enough on customer support.
Security issues – the crypto currency space is often being bombarded by hackers who try to use the vulnerabilities present in the exchanges to their benefit. Many exchanges in the past have suffered cyber-attacks which has led to losses in the order of billions of dollars. Often, not following the industry standards and neglecting the basic rules of cyber security allow for such attacks to happen. Thus, exchanges do have a huge responsibility on their shoulders to protect the hard earned money of their customers.
We have also seen from recent issues where traders have to open multiple account in different exchange just to trade. The most painful part is that due to government policy in handling financial instrument we have observe that most traders are not able to trade in certain exchanges despite they hold the coin in the private wallet .
These are serious issues that need to be address urgently, although the good news is that there is platform that have taken time to observe these issues and have come with great ideology to provide all round quality and reliable service to digital asset trader globally and these platform is called the HYDRA X Exchange which revolutionize the crypto space with it unique difference.
ABOUT THE SIGMA BY HYDRA X
The hydra x is a Singapore base cryptocurrency exchange that is built with the state of the art facility which develop a robust ecosystem of trading multiple crypto asset where tokens,coins stocks, FX, CFDs and many more and there by connecting multiple exchange into a secure single platform for effective and profitable trading lifestyle for all traders at all level without government restriction in navigating the exchanges.
HYDRA X have good understanding with all major crypto exchanges, such Binance, Bitfinex, Bittrex, Coinbase, CEX.IO, Gemini, HitBTC, Huobi, Kraken, KuCoin, OKEx and Poloniex. Associations with conventional specialists like FXCM, LMAX, so that traders can link their account to the platform for easy and flexible trading.
According to the whitepaper the vision of the HYDRA X is establish a financial marketplace which is asset class and trading venue agnostic; our platform creates a seamless user experience thereby enabling a truly integrated cross-asset and cross-venue ecosystem.
DESIGN FEATURES
Direct secure trading on a single platform: the sigma by HYDRA X allows traders to have nice trading time by allowing financial institution and single entity to trade easily without any interference from a middle man in the course of trading.
Low fees: the hydra x exchange due to its nature to connect all exchanges into a single platform for trading only accepted connections fees unlike other exchanges that charge for deposit, withdrawal and trading fees. Hydra x have customers at heart to have full benefit of their trading
The platform allows traders to trade on FX and contract which have not been done in the crypto space before by integrating world standard specification recognize tools use in the traditional trading of forex platforms where most banks trade, into the hydra x exchange so that that traders can have effective trading venture.
Traders have full accessibilities to different digital asset for trading and will be able to interact with newbies, intermediate and professional while trading and this help to make critical decision.
The platform provides news feed that allows traders to have a quality fundamental analysis before approaching the exchange, which gives a clue to the direction of price action to traders. Of a truth the hydra x cares about the users of the platform
Ability of users to personally manage digital asset by the users is an addition step for portfolio management.
Traders will be able to trade with different browser such as chrome and safari and many more to comes
THE TEAM
The team have level of years of experience in trading financial instrument and the blockchain technology. They are fully prepare to deliver the vision of the project .
inconclusion this is the only exchange that have unique features to standout out many exchanges we have in the crypto space, l believe the sigma hydra x meet the global community expectation a secure and effective ecosystem for trading of asset ranges from crypto asset , fiat currency, commodity etc .
For more information kindly visit any of the link below :
Website: https://www.hydrax.io/
Sigma link: https://sigma.hydrax.io/
Telegram: https://t.me/HydraXOfficial
Twitter: https://twitter.com/Hydrax_io
Facebook: https://www.facebook.com/HydraX.io/
AUTHOR DETAIL'S
BITCOINTALK USERNAME: ARTDISRUPT
BITCOINTALK PROFILE URL : https://bitcointalk.org/index.php?action=profile;u=2540522
EMAIL:[email protected]
Impressive article with some interresting information.
You should work in this branch, I'm sure people like you can earn a lot of money on this way.
The exchange is an innovative exchange and is uniques , like what you said if am employ there ,that be a great priviledge