Interview Voice of America — Clearing solutions for digital assets traders

Boris: It was a very active trading day, Bitcoin price went up to $7200 but retreated back to the $6600 level. There are two news items that impacted the price. First is that the American institution Fidelity with its branch Fidelity Investments started working with cryptocurrencies. And the second positive item is that one of the American exchanges — Coinbase — opened an office in Dublin to compensate for possible problems caused by Brexit. Their main European office will remain in London but in order to support their expansion, they opened a new office in Dublin.

To understand, which of these news items is more important and has a longer-term impact we invited our old friend, Serg Gulko from XTRD.

Boris: Let’s try to compare which one of these two news items have a larger long-term impact on digital assets trading?

Sergii: Hello, Boris! First of all, I would like to comment on yesterday’s rally on the market. It happened because people tried to get rid of Tether. Several companies decided to “exit” back to Bitcoin, Ethereum, or any other asset. But the end goal was to have a zero Tether balance.

Regarding your question — we believe that the most impactful thing is the Fidelity announcement. I’m not very optimistic about the Coinbase move, because the current volume distribution clearly says that the United States is the biggest and most lucrative market.

Boris: Maybe they are trying to expand an existing business? Thing is that the article I found on Reuters says that the European market is growing very fast.

Sergii: Well, in Europe Coinbase will compete with HitBTC, BitStamp, and CEX.IO and I wish them good luck! Ironically, most of the exchanges I mentioned are trying to get into the US market. Why? Because the money is here.

Boris: Ok, let’s go back to Fidelity. How important is what they are doing in the scope of attracting more investors from Wall St into digital asset trading?

Sergii: This is very important! We are speaking about clearing for the last three or four months and now, finally, it’s happening. Players start to see a difference between custody and clearing. Basically, Fidelity is going to provide clearing services. Very likely that right now, at this moment, it’s an advertisement rather than an actual solution.

For example, our company XTRD is working with two traditional clearinghouses from the FX world. We are building a pilot project which involves clearinghouse, several exchanges, and XTRD as an intermediary. Our partners are no less reputable than Fidelity, but they decided to build the mechanism first and only after — make an announcement.

In general, Fidelity’s move is the next logical step. Once the industry will have rock-solid clearing we will definitely see big institutional players.

New York Trading Show recap

One of the biggest advantages of Terrapin’s Trading Shows is that they are a nice combination of traditional financial technologies (servers, NICs, service providers, hedge funds reps) and emerging crypto-markets. This helps companies to understand each other’s technologies, workflows, pain-points, establish good contacts and relationships.

XTRD, as a Bronze sponsor, had a booth that gave us the ability to promote our services in a more efficient manner as compared to only walking around.

Most of the people we met were traditional finance hedge or broker-dealer guys looking to add the new digital asset classes into their portfolio. This is why XTRD’s way to provide routes (FIX 4.4, cross-connection) to the cryptocurrency exchanges works the best — this is a natural way for these people to trade.

We also spoke to several crypto-only hedge funds that were interested in our real-time market data feeds and forthcoming GUI platform.

In addition to the regular in-booth activities, we had a chance to run a presentation during the all-exhibitions prime-time — around noon. Based on a number of questions afterwards, it went very well. If you ever spoke on stage you, probably, are familiar with this unpleasant moment — “Ok, we have 5 minutes for questions…” and zero interest from the auditorium:)

Two boxes of business cards later, with literally no ability to speak, we realized that even more work is coming. Numerous follow-ups, in-person meetings, calls — this is how we spent past eight days.

To name a few — we hosted BitGo and OTCXN in our office to discuss potential cooperation.

XTRD will definitely participate in upcoming Trading Show 2019 in Chicago. This is the right place to be to promote our services to the financial community.

XTRD product update — October 11, 2018

Those who don’t learn history, are doomed to repeat it. Because of our experience in the Equity and FX space, we are facing a real deja-vu in crypto. Retail driving markets followed by institutional players, initially dispersed pools of liquidity lately consolidated into one global eco-system.

Of course, crypto markets are different to the let’s say, FX but core concepts will remain the same.

And, based on our own forecasts and observing huge interest from institutional players, we are exploring several promising venues:

– become a licensed market data vendor. Our tech stack allows us to stream market data in a very efficient way (check this articles for details). XTRD is in negotiation with several exchanges (names will be disclosed shortly) to obtain a legal agreement to resell this data. It opens a door to many companies like Bloomberg, Reuters, ICE and so on.

– become an active member of the upcoming clearinghouse/prime brokerage shift. We currently running several pilot projects with cryptocurrency exchanges and traditional clearinghouses to bring this concept to production. XTRD role is a pipe between buy-side firms (and market makers) from one side and exchanges and prime brokers — from another side.

Cryptocurrency Exchange Beaxy Partners with XTRD to Onboard Institutional Investors

Beaxy has released details of a partnership with XTRD, whose trading engine is prized for its low latency and high performance. As an all-in-one platform, Beaxy will service retail and institutional investors, with the latter group aided with the support of XTRD. Beaxy was founded with the goal of improving the crypto trading experience for investors of all kinds. Its ethos aligns closely with that of XTRD, which connects exchanges within the cryptocurrency ecosystem for the benefit of all participants.

As a result of the partnership, Beaxy will link to XTRD’s universal FIX API, enabling it to provide access for institutional investors wishing to purchase cryptocurrency in a secure and user-friendly environment. The arrangement will see Beaxy provide white glove support for XTRD clients. Through combining their technical know-how and collaborating closely, both platforms intend to make the onboarding process easier for institutional investors, and to set new benchmarks for other cryptocurrency exchanges to aspire to.

“We have huge respect for the work XTRD have been doing to improve the crypto trading experience through their efficient trade execution technology that was perfected in the traditional financial markets,” said Beaxy CEO Artak. “Through exposing XTRD to Beaxy’s growing community of traders, we’re confident that we can demonstrate the benefits of combining superior technology with excellent customer service to create a trading environment that is more enjoyable, and ultimately more profitable for investors”.

The increasing influx of so-called smart money into the cryptocurrency market is predicted to bring with it an expectation of enhanced performance, particularly from institutional investors who are accustomed to financial markets in which downtime is minimal and orders are matched quickly and efficiently, with high liquidity and low spreads. The Beaxy platform is already accessible in demo form ahead of fully launching upon completion of a token sale commencing on September 1st. Thereafter, traders will be able to experience the feature-rich platform for themselves, powered by XTRD’s advanced technology.

XTRD Update: August 21, 2018

Summary

  • XTRD Weekly Crypto Market Update
  • Beaxy Partners with XTRD to Onboard Institutional Investors
  • Lessons Cryptocurrency Should Learn From Wall Street
  • Cryptocurrency trading: institutional-grade obstacles and ways to solve them
  • Upcoming XTRD events

XTRD Weekly Crypto Market Update

Another exclusive XTRD weekly crypto market update by Steven Aitchison — Youtube blogger and experienced crypto trader. This update contains a weekly market overview, the most important cryptocurrency news from the last week and useful crypto trading tips. Please find more details in our blog post: http://bit.ly/2LdE1Bg.

Beaxy Partners with XTRD to Onboard Institutional Investors

Beaxy has released details of a partnership with XTRD, whose trading engine is prized for its low latency and high performance. Beaxy will service retail and institutional investors, with the latter group aided with the support of XTRD. Find more info in Beaxy’s blog post: http://bit.ly/2MsdAg3.

Lessons Cryptocurrency Should Learn From Wall Street

NASDAQ.com has published the article written by XTRD CEO Alex Kravets — Lessons Cryptocurrency Should Learn From Wall Street.

Cryptocurrency trading: institutional-grade obstacles and ways to solve them

XTRD team took part in and sponsored/exhibited at the Blockchain Futurist Conference that was held in Toronto, Canada on August 14 -16, 2018. XTRD CTO Serg Gulko was one of the speakers. He decided to share his script and the presentation itself. Find this info in his blog post: http://bit.ly/2BwfesA.

Upcoming XTRD events

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate/speak at these events:

Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.

XTRD team took part in and sponsored/exhibited at the Blockchain Futurist Conference

XTRD team took part in and sponsored/exhibited at the Blockchain Futurist Conference that was held in Toronto, Canada on August 14 -16, 2018. XTRD CTO Serg Gulko was one of the speakers. He decided to share his script and the presentation itself. Find this info in his blog post: http://bit.ly/2BwfesA

XTRD Update: August 9th, 2018

Summary

  • XTRD Weekly Crypto Market Update
  • Full and Fair Disclosure: Regulatory Disclosure Guidance Relating to Digital Asset Activities
  • Goldman Sachs Is Considering a Custody Offering for Crypto Funds
  • Upcoming XTRD events

XTRD Weekly Crypto Market Update

Another exclusive XTRD weekly crypto market update by Steven Aitchison — Youtube blogger and experienced crypto trader. This update contains a weekly market overview, the most important cryptocurrency news from the last week and useful crypto trading tips. Please find more details in our blog post: http://bit.ly/2nkl06Q.

Full and Fair Disclosure: Regulatory Disclosure Guidance Relating to Digital Asset Activities

A new article by our friend Daniel G. Viola, Partner of Sadis & Goldberg, LLP — Full and Fair Disclosure: Regulatory Disclosure Guidance Relating to Digital Asset Activities. Daniel is the Head of the Digital Asset and Compliance Groups at his firm and is also the founder of the Crypto Asset Webinars and the Blockchain Shift Conferences.

Goldman Sachs Is Considering a Custody Offering for Crypto Funds

Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies. The firm is considering a plan to offer custody for crypto funds, according to people with knowledge of the matter. Find out more in an article by Bloomberg: https://bloom.bg/2vNwnrE.

Upcoming XTRD events

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate/speak at these events:

Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.

XTRD Update: July 31, 2018

Summary

  • The lessons cryptocurrency should learn from Wall Street
  • 2018 Rhode Island Blockchain Summit
  • Blockchain Futurist Conference
  • Media partnership with World Blockchain Forum London 2018
  • XTRD Weekly Crypto Market Update
  • Upcoming XTRD events

The lessons cryptocurrency should learn from Wall Street

Cryptocurrency has long been considered a disruptor, with a refreshing take on the finance industry that attracts innovators and non-conformists. But no matter how radical this newcomer on the block is, there is plenty to learn from those that it intends to disrupt: Wall Street. Check out an article written by XTRD CEO Alex Kravets — The lessons cryptocurrency should learn from Wall Street.

2018 Rhode Island Blockchain Summit

XTRD CTO Alex Kravets attended the 2018 Rhode Island Blockchain Summit, bringing together Rhode Island state officials, business partners and blockchain thought leaders from around the world to discuss the growth of this exciting industry: http://bit.ly/2mXWoR9.

Governor Gina Raimondo speaking

Alex with Steven Nerayoff, XTRD advisor and Alchemist CEO

Blockchain Futurist Conference

XTRD team will take part in and sponsor/exhibit at the Blockchain Futurist Conference that will be held in Toronto, Canada on August 14 -16, 2018. XTRD CTO Serg Gulko is one of the speakers along with such speakers as Dash Corp Group Inc. Ryan TaylorCoinsquare CEO Cole DiamondCNN Legend & Gear Advisory Board Larry King. Let us know if you’d like to catch up in person.

Media partnership with World Blockchain Forum London 2018

XTRD is now a media partner of World Blockchain Forum that will be held on 3–5 September, 2018 in London. The World Blockchain Forum serves as a learning guide for, not only the technical tools of investing such as Bitcoin and Ethereum, but also as a stepping stone to wise investing. The conference will showcase the latest innovations in the blockchain industry, and curate conversations between the world’s leading pioneers and experts about the promise and future of blockchain. A full list of confirmed speakers and the agenda can be found here. Tickets are available here.

XTRD Weekly Crypto Market Update

Another exclusive XTRD weekly crypto market update by Steven Aitchison — Youtube blogger and experienced crypto trader. This update contains a weekly market overview, the most important cryptocurrency news from the last week and useful crypto trading tips. Please find more details in our blog post: http://bit.ly/2Aq90dp.

Upcoming XTRD events

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate/speak at these events:

Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.

Serg’s trip to Kiev, Ukraine

Serg Gulko will be in Kiev, Ukraine from July 28 till August 12th working closely with the XTRD development team. Let us know if want to catch up in person. Serg’s announcement: http://bit.ly/2NAspKo

XTRD Update: July 26, 2018

Summary

  • FIX Trading Community’s Annual Chicago Regional Meeting
  • Serg’s trip to Kiev, Ukraine
  • JPMorgan Chase & Co. Leverages the Blockchain
  • XTRD Weekly Crypto Market Update
  • Upcoming XTRD events

FIX Trading Community’s annual Chicago Regional Meeting

Recently XTRD CTO Serg Gulko participated in the “Bringing Cryptocurrency Into the Institutional Order Flow” panel at the FIX Trading Community’s annual Chicago Regional Meeting for a private institutional audience as one of the speakers and shared the script he prepared for the panel discussion: http://bit.ly/2JBgglW.

Serg’s trip to Kiev, Ukraine

Serg Gulko will be in Kiev, Ukraine from July 28 till August 12th working closely with the XTRD development team. Let us know if want to catch up in person. Serg’s announcement: http://bit.ly/2NAspKo.

JPMorgan Chase & Co. Leverages the Blockchain

Great new article by our friend Daniel G. Viola, Partner of Sadis & Goldberg, LLP — JPMorgan Chase & Co. Leverages the Blockchain. Daniel is the Head of the Digital Asset and Compliance Groups at his firm and is also the founder of the Crypto Asset Webinars and the Blockchain Shift Conferences.

XTRD Weekly crypto market update

Another exclusive XTRD weekly crypto market update by Steven Aitchison — Youtube blogger and experienced crypto trader. This update contains a weekly market overview, the most important cryptocurrency news from the last week and useful crypto trading tips. Please find more details in our blog post: http://bit.ly/2uXZtUR.

Upcoming XTRD events

To increase awareness of our project and attract more clients, partners, and new community members, XTRD will participate/speak at these events:

Feel free to stop by our exhibition booths and say “hello” or ask tough questions during roundtables.