First Hybrid Trading Platform For Derivatives With Cryptocurrencies Is Introduced Into Operation

The first hybrid platform for trading with the Blockchain Board of Derivative (BBOD)  was launched in partnership with GMEX Technologies.

Until now, traders had to choose between centralized and decentralized trading platforms, without any options between them. Centralized exchanges quickly process transactions, but subject traders to security risks, requiring them to refuse to store their funds. Decentralized platforms offer increased security, allowing traders to control their funds, but are constantly lagging behind and offering limited options for trading.

However, this launch marks the beginning of a new approach to trade –  hybrid approach. The hybrid trading platform BBOD combines the speed of centralization with the security of decentralization.

In order for traders to control their funds, BBOD co-founder and technical director Chris Urbanovich and his team developed a unique storage solution – a system of purses of smart contracts. Using this system, traders create their own purse, designed specifically for trading on the BBOD.

The platform then connects smartphone wallets to the high-speed centralized GMEX technology mapping engine, which processes 1,250,000 orders per second with an average delay of 75 microseconds. This allows traders to control their funds, without any delays associated with fully decentralized platforms.

 

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