Hong Kong cryptocurrency exchange Sparkdex announced the launch of its decentralized exchange on the 30th of August 2018. The exchange is specifically designed to protect crypto traders in the country.
A New Beginning
The new decentralized exchange will be breaking all barriers, by becoming the first in the country to permit traders to own their funds and trade P2P. Sparkdex decentralized exchange is designed for tokens, cryptocurrencies, and tokens.
The exchange is generally free from all the red tape that is normally experienced by traders.
It does not impose transaction limits on withdrawals or deposits and 0.2%- 0% trading fees depending on asset traded and also does not require invasive documentation.
Traders who decide to trade with Sparkdex will enjoy a free flow transaction and high-performance trading that is capable of handling a high trading volume and a trading speed of 100,000 transactions per second.
The Hong Kong-based decentralized exchange is a subsidiary of Spark’s money transfer ecosystem, that is mainly built on Bitsharesblockchain technology. The company’s incoming volume of stablecoins will be hosted by Sparkdex,
the stablecoins volume, which is pegged to 180+ international currencies from its international product line of web and mobile application, which has been responsible for serving its customers since 2014.
‘’Spark is proud to be debuting Sparkdex which enables traders to access the worlds largest, most active, most liquid and highest capacity exchange in the world’’ said George Harrap, co-founder and the Chief Executive Officer of Spark.
In the same vein, the Chief Operating Officer and also a co-founder of Spark Maxine Ryan, in reiterating the earlier stance of the CEO said ‘’ The Sparkdex is the next generation trading available now.
It’s the biggest advance in trading security from centralized risk since cryptocurrency exchanges went mainstream. We are excited to begin building Spark’s liquidity from our international market directly on Sparkdex.’’
Bitspark, which changed its name to Spark in 2014 is a financial institution, which provides a bankless future for money transfers. The financial institution allows consumers to transfer money via stablecoins pegged to international currencies.
The operation is easy and not tedious in any form, making it easy for customers or businesses that are not inclined in crypto related activities.
The firm aims to touch virtually all the corners of the world and instill the much-needed confidence back in their customers worldwide.
Contact Name: Maxine Ryan
Email: [email protected]
The post Sparkdex Cryptocurrency Exchange Looks into Security Challenges appeared first on ZyCrypto.