Broctagon Fintech Group announced the launch of a global network of crypto liquidity providers on Tuesday, forming an aggregated liquidity pool. Dubbed WorldBook, it is a crypto Straight-Through Processing (STP) network and is aiming to standardize the crypto liquidity industry.

Singapore, September 14, 2021: Fintech solutions provider, Broctagon Fintech Group, today launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry. WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework. Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within their orderbook, limiting their offerings and therefore prices to the participants within. The eponymous WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow. Instead of being confined to local orderbooks which may represent less than 1% of the total industry, exchanges now gain access to 85% of the market. This is made possible by the NEXUS 2.0 aggregator, the driving engine that powers the WorldBook with SOR (Smart Order Routing), which allows for global price discovery and best bid and offer. Don Guo, CEO of Broctagon Fintech Group “Despite the gaining acceptance of crypto, it remains a “wild west” with no dominant technology or standard in which it operates. With the WorldBook’s price aggregation, we found that bitcoin had an average negative spread of USD$10, even amongst the major exchanges. This means that with over USD$15.5 trillion in trading volume over the past year, traders could have saved USD$5.7 billion in spreads and this is for bitcoin alone, which is already the most efficient and liquid digital asset. The price disparity could only be worse for the thousands of altcoins across many smaller exchanges.” said Don Guo, Co-Founder and CEO, Broctagon Fintech Group highlighting the issues. “We engineered the WorldBook infrastructure taking a page from the fundamentals of FX interbank liquidity. With our experience as a regulated FX liquidity provider, we believe the Prime of Prime (PoP) model has the potential to disrupt the industry and increase crypto trading volumes by more than 400% in the near future.” The WorldBook is part of Broctagon’s commitment to propel the crypto industry towards regulatory compliance, adoption, and maturity. As Singapore looks to be a poster child for the crypto industry with its welcoming policies, the homegrown fintech company seeks to support this national agenda. Exchanges are welcome to connect to the WorldBook for free. The advantages for exchanges include an evident increase in volumes and a decrease in bid-ask spread amongst others. For example, the BTSE exchange experienced an eight-fold increase in trading volume, surpassing 10,000 trades across six crypto pairs within the first month. “Liquidity challenges exist for newer and established exchanges alike. The former requires extensive capital for marketing to capture enough users for a liquid orderbook while the latter often pay hefty fees for external market maker services to drive profitability. The WorldBook is a solution for both. With universal prices and unprecedented depth, exchanges can focus on other aspects of the business to bring further value to their clients.” said Don. Shadab Taiyabi, President of Singapore FinTech Association “We congratulate Broctagon, which is one of our active members, on their launch of the WorldBook. The growth of our FinTech ecosystem is a collective effort of all members of the community, fintech and financial institutions alike,” said Shadab Taiyabi, President of Singapore FinTech Association, a cross-industry non-profit initiative recognised by the Monetary Authority of Singapore. Globally, crypto exchanges that are not within the top 3 percentile account for only less than 10% of total trading volume, according to data derived from CoinGecko. With its symmetrical flow of liquidity, the WorldBook levels the playing field for newer exchanges to contend and explore new frontiers, driving growth for the entire industry at large. “We recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we shall support them as they look to introduce cohesive standards for the entire industry and elicit greater public adoption of cryptocurrency,” said Weber Woo, CEO, XT Exchange, the first digital asset social trading platform with close to half a million active monthly traders. Beyond a liquidity network, the Worldbook is also an open initiative to forge greater collaboration amongst industry peers old and new, to create a digital asset landscape primed for multifaceted participation. Amongst its pioneering members are Huobi Group, FCA-regulated Archax, BitKub, as well as RegTech companies such as Horangi and Cypnopsis as well as Defi and blockchain firms like Hodlnaut and Bholdus amongst many others. Those who want to be members may visit nexusworldbook.com to indicate interest. Alternatively, they can reach out to the WorldBook through its Telegram (https://t.me/nexusworldbook) or drop the WorldBook an email at h[email protected].

ParallelChain, an award-winning blockchain wallet solution provider, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Ian Huang, Founder and CEO of ParallelChain, said: “The DeFi and crypto space is reshaping the financial system. Due to these distinctive characteristics, DeFi community and traditional enterprises are facing big challenges as they become more intertwined. We need to create an environment that enables seamless access between the two, one that understands their respective needs and values — this is at the heart of what we do at ParallelChain. In support of the WorldBook initiative, ParallelChain will bring the much-needed stability, accountability and privacy protection for the institutional adoption of crypto.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on ParallelChain’s participation on the WorldBook network, saying: “More than just a wallet solution, ParallelChain’s cross-functional utility can even cover KYC, data security, and supply chain solutions. Through their understanding of scalability, latency and security — all important issues surrounding blockchain technology, the WorldBook will gain a greater perspective of how blockchain can be employed in various use cases.” About ParallelChainParallelChain is a layer-1 project that brings accountability to the public blockchain and crypto sector. Comprised of public and private networks, ParallelChain creates an ecosystem where enterprises and the crypto community can enjoy seamless access to each other’s markets and value-adding interaction. It provides the necessary backbone infrastructure as this new fusion economy takes shape. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about ParallelChain, visit: Website: https://www.parallelchain.io/Telegram: https://t.me/parallelchainofficialTwitter: https://twitter.com/DTL_blockchainLinkedIn: https://linkedin.com/company/digital-transaction-limitedMedium: https://medium.com/digital-transaction-limitedYouTube: https://www.youtube.com/c/DigitalTransaction To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

AlphaPoint, a global provider of white-label software for launching and operating crypto and digital asset marketplaces, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Igor Telyatnikov, Co-founder and CEO of AlphaPoint, said: “AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013. We are committed to furthering development and implementation of new technologies and standards to promote adoption worldwide and increase the net-benefit impact of crypto. Our membership in the WorldBook movement is an expression of this commitment, and we expect exciting opportunities to follow from this partnership.” Ted Quek, CTO of Broctagon Fintech Group, commented on AlphaPoint’s participation on the WorldBook network, saying: “AlphaPoint is uniquely positioned as the only technology provider in the crypto-exchange platform space that offers software solutions for both primary issuance and secondary trading. Given their experience in launching exchanges from the ground up, we are excited to welcome AlphaPoint to the WorldBook. As a solutions provider, their adoption of universal crypto-standards will undoubtedly set the pace for their takers.” About AlphaPointAlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about AlphaPoint, visit: Website: https://alphapoint.com/Facebook: https://www.facebook.com/AlphaPointLive/Twitter: https://twitter.com/AlphaPointLiveLinkedIn: https://linkedin.com/company/alpha-pointYouTube: https://www.youtube.com/channel/UClPeLvua-m00J_I5ah8ZdpQ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

Archax, the first FCA-regulated exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Simon Barnby, CMO of Archax, said: “Archax has built its niche working in highly regulated markets. This has enabled us to acquire a deep understanding of the blockchain and DLT landscape as well as a vision of how to evolve and transparently open up digital assets to institutions. As the only FCA-regulated digital securities exchange, we are excited to be working with WorldBook to continue our journey to enable the onset of mass digital asset acceptance.” Ted Quek, CTO of Broctagon Fintech Group, commented on Archax’s participation on the WorldBook network, saying: “Archax’s extensive portfolio encompasses investment, trading, listing and digital asset custody. Their work and experience with both institutional investors and regulatory bodies will help paint a clearer picture of the latter’s expectations, and we are thrilled to have them onboard the movement.” About ArchaxArchax is a global, FCA-regulated, digital asset exchange, brokerage and custodian based in London. Founded by experts from the financial markets world and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain-centric crypto community and the traditional investment space. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Archax, visit: Website: https://www.archax.com/Twitter: https://twitter.com/archaxexMedium: https://medium.com/archaxexLinkedIn: https://www.linkedin.com/company/archaxex/ To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

BTSE, a multi-currency digital assets exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Jonathan Leong, Founder of BTSE Jonathan Leong, Founder of BTSE, said: “Through technology, BTSE aims to bridge the convenience of digital assets solutions with the conventions of traditional finance. As such, we are delighted to be part of the NEXUS WorldBook through our strong partnership with Broctagon Fintech Group. Together we strengthen crypto’s market network to bring digital assets to the forefront of the institutional financial landscape.” Cecilia Chan, Head of Liquidity (Asia) and ED of Broctagon Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on BTSE’s participation on the WorldBook network, saying: “BTSE’s suite of turnkey exchange solutions include spot trading, white-labels, OTC, asset management, and payment gateways. Now with access to the WorldBook’s unified liquidity standard, BTSE’s liquidity pool will be positioned to offer better prices and tighter spreads for the many arms of its business.” About BTSEBTSE is a leading digital assets exchange and fintech company that empowers users by offering a simple and secure way to trade. Its growing suite of financial services is designed to bridge digital assets solutions with traditional finance. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about BTSE, visit: Website: https://www.btse.com/Facebook: https://www.facebook.com/btsecomTwitter: https://twitter.com/BTSEcomMedium: https://btse-official.medium.com/Telegram: https://t.me/btsecomYouTube: https://www.youtube.com/channel/UCnCG4T18V6MfNxCnTTCWV0g/featured To find out more about or to join the Nexus WorldBook, visit:Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

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Hodlnaut, a crypto interest-earning platform based out of Singapore, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Juntao Zhu, Co-founder and CEO of Hodlnaut, said: “Traditionally, Bitcoin holders will only be able to profit off-price increments from the asset. At the same time, they’re also looking for ways to improve the return on their assets while waiting for the value to appreciate. That’s why we came up with Hodlnaut. We want to help Bitcoin holders earn interest on their Bitcoin and unlock its full value and the opportunity costs of holding it. This method is called “yield farming.” What makes us different from, let say, depositing your assets into decentralized finance is that we focus on the customer experience. As a centralized finance platform, we take care of everything and ensure users get the best return on their investment without any hassle. The WorldBook initiative is a wonderful avenue where we can work together towards a more standardized and healthy crypto ecosystem.” Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Hodlnaut’s participation on the WorldBook network, saying: “We are pleased to welcome Hodlnaut to the WorldBook initiative. With up to 12.73% APY, Hodlnaut’s crypto-interest account allows for its clients to deposit crypto and earn immediately with no lock ups or withdrawal limits. As crypto becomes a bigger part of mainstream investment, crypto-finance companies like Hodlnaut will play an integral role in financing the crypto-economy.” About HodlnautHodlnaut is the leading Crypto Borrowing and Lending Platform based in Singapore whose mission is to provide financial services to cryptocurrency users. The platform currently has over $500 Million USD of Digital Assets under Management and is growing at an average of 20% month on month. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Hodlnaut, visit: Website: https://www.hodlnaut.com/Facebook: https://www.facebook.com/hodlnautdotcomInstagram: https://www.instagram.com/hodlnautdotcom/Twitter: https://twitter.com/hodlnautdotcomTelegram: https://twitter.com/hodlnautdotcom To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

XT Exchange, the world’s first social infused exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Weber Woo, CEO of XT, said: “XT is a comprehensive transaction platform with more than 100 high-quality currencies and 300 trading pairs. As the world’s first socialized digital asset trading platform with close to half a million active monthly traders, we recognize how a standardized framework for liquidity can ensure steady supply and demand for our clients. It is a pleasure to work with the WorldBook, and we both have great ideas and exciting events in store that will introduce cohesive standards for the entire industry and elicit greater adoption of crypto from the public.” Cecilia Chan, Head of Liquidity (Asia) and Executive Director of Broctagon Fintech Group, commented on XT’s participation on the WorldBook network, saying: “With more than 7 million members registered globally across all its owned platforms, XT connects and creates unified communities through its extensive network. Their emphasis on the social element of trading depends heavily on the availability of information, including price information. This requirement can be complemented with the WorldBook’s universal standard of liquidity, which provides the crypto industry with price information symmetry. We welcome XT to our network of partners.” About XT ExchangeFounded in 2018, XT Exchange is the world’s first socialized digital asset trading platform. The platform has more than 3 million registered users, over 400,000 active users monthly, and 13 million users in its ecosystem. With full trading options available for its traders, XT.com provides more than 100 currencies and 300 trading pairs. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about XT Exchange, visit: Website: https://www.xt.com/Instagram: https://www.instagram.com/xt.com_exchange/Twitter: https://twitter.com/XTexchangeMedium: https://medium.com/@XT_comReddit: https://www.reddit.com/user/okoAldermanLinkedIn: https://www.linkedin.com/company/xt-com-exchange/YouTube: https://www.youtube.com/channel/UCeiEo_mY82qbg5v0C22TyZA To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw