Broctagon Launches Network for Aggregated Crypto Liquidity Pool
Standardizing the Crypto Industry
“Despite the gaining acceptance of crypto, it remains a ‘wild west’ with no dominant technology or standard in which it operates,” Broctagon Co-Founder and CEO, Don Guo, said.
“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.”
Additionally, he elaborated that the WorldBook infrastructure was inspired by the FX interbank liquidity.
Headquartered in Singapore, Broctagon is a well-known name in multi-asset liquidity, brokerage technology, and enterprise blockchain development. Over the years, it has established a presence in key Asian and European financial hubs.
However, Broctagon did not disclose the names of any potential members of the crypto liquidity provider that is joining its network.
“Liquidity challenges exist for newer and established exchanges alike,” Guo added. “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.”
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About Broctagon Fintech Group
Broctagon Fintech Group is a leading multi-asset liquidity and full suite FX technology provider headquartered in Singapore with over 15 years of established global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven and bespoke solutions, serving clients across more than 500 countries with our liquidity aggregator technology, brokerage, and exchange solutions suite, as well as enterprise blockchain development.