When it comes to big markets in which buyers and sellers trade throughout the day, the existence of large exchanges offering ample liquidity is necessary. Over the course of the past few years, plenty of crypto exchanges have been launched all over the world, and nowadays crypto traders have a wealth of choice when it comes to choosing an exchange.
Boost for Crypto Traders
However, there is better news for crypto traders as there is going to be another exchange on the block soon, which aspires to challenge the biggest crypto exchange in the world, Coinbase. The exchange in question is being launched by Blockchain, which has made its name as a cryptocurrency wallet platform and is currently the biggest such platform in the world.
At this point in time, Binance and Coinbase are the world’s most popular and biggest crypto exchanges; however, Blockchain’s new product could be superior, if its CEO is to be believed. The exchange in question is as The PIT, and it has been developed in collaboration with experts who had earlier worked at Goldman Sachs (NYSE:GS), New York Stock Exchange, Google (NASDAQ:GOOGL), and Ameritrade. Hence, it goes without saying that the expertise is there to create a world-class crypto exchange. The Chief Executive Officer of Blockchain, Peter Smith, stated that The PIT can process orders in 40 to 50 microseconds and that makes it faster than other crypto exchanges.
In addition to that, the head of trading products at the company, Nicole Sherod, further stated the reasons why The PIT could end up being a game-changing crypto exchange. She said that the sort of liquidity on offer in the exchange is going to be much better than other exchanges and that is definitely going to be one of the factors that would lure crypto traders. At the end of the day, crypto is well known for its volatility, and high liquidity could definitely minimize the risks.
What do you think about the upcoming PIT exchange?
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