New Delhi, Delhi Oct 5, 2018 (Issuewire.com) - The complete derivatives ecosystem for crypto assets, idap.io, is bringing to market features and functionalities that will improve the crypto trading landscape. In recent times, security concerns, as well as scams, have cast their shadow upon the trading of cryptocurrencies, bringing many notable exchanges under fire. The upcoming crypto derivatives exchange seeks to address these issues and change the norm for good trading experience for crypto traders.
Recent hacks of many exchanges have led the crypto community to be concerned about the safety of their funds, while scams around trading have also surfaced. There have been researches reporting inflated volumes on crypto exchanges in the wake of illiquid markets for a given cryptocurrency. More so, many unconfirmed reports of volume manipulation on some of the biggest exchanges have also emerged in the news and social media. One trader on Twitter even tried to justify the pumping up of these numbers so as to encourage more trading but was called out for his unethical justification by other users.
In a market that is still far from mature, idap.io is tackling the issues of security and scams by innovating both in terms of platform features as well as exchange design. The best industry practices have been incorporated into the design of the exchange to safeguard user funds as well as trading operations from bad actors. Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS), third-party security auditing for Level 1 CCSS certified platform, DDoS prevention and insurance of online wallets are some notable security features of the platform. Moreover, by providing a Desktop Application to access the Trading Interface without a browser, the exchange is adding another layer of security for the users.
At the heart of the issue of ‘volumepumping’, is a lack of liquidity, prevalent more in case of cryptos with smaller market caps, whose trading pairs exhibit significant slippage if larger orders come in. In this regard, idap.io is taking steps to ensure a highly liquid marketplace by employing various practices standard to traditional markets as well as through some novel platform functionality. Through the Master Account System where several trade-only sub-accounts are managed by a single master account with withdrawal and deposits disabled for the sub-accounts, idap.io is attracting and partnering up with Proprietary Trading Firms. The exchange will also be acting as a counterparty for the clients and hedge positions with B2B liquidity providers so that for any asset class, there are no gaps between buyers and sellers. Moreover, by introducing platform functionalities of Smart Order Routing (matching orders from different exchanges and liquidity pools, thereby acting as a single point of access for the customer) and Implied Orders (interlinking the prices of futures outright, spreads and butterflies to allow access to liquidity otherwise unavailable) and incentivising 3rd party market-makers, idap.io will further ensure good liquidity on the exchange.
As evident, the idap.io trading platform is not just bringing forth a variety of product offerings and new features but going forward with a mind to confronting the concerns affecting the crypto trading scene. In order to fund the development of this ambitious project, the founders have turned towards the very community they are building this exchange for by conducting an Initial Coin Offering. The majority of tokens are for sale to the public and crowdsale is going to begin soon. An in-depth breakdown of the fund usage can be viewed by visiting the website where those who wish to participate in the ICO can also get whitelisted.
The idap.io exchange is the brainchild of four Indian engineers who founded IDAP Global, a private limited company registered in Estonia. The founders have over a decade of cumulative trading experience among them and have received their technical education from some of India’s best institutes like IIT, NIT and Thapar University. Going global with their exchange, not only is the startup solving valuable problems pertinent to crypto trading but is also at the cusp of tapping into the highly lucrative crypto derivatives market.
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