Multi-asset liquidity provider Broctagon on Wednesday announced the launch of a new crypto liquidity aggregator.
This will allow the smaller exchange to compete with the bigger giants, the company believes.
Commenting on the development, Don Guo, chief executive of Broctagon, said: “We believe NEXUS 2.0 can transform crypto trading. Pricing discrepancies are currently holding the industry back from reaching its full potential. Offerings like this are essential in order to make the market a fairer place for all participants, allowing smaller exchanges to have a truly competitive offering from the get-go.”
A major issue with the crypto traders
Price discrepancies among exchanges are one of the major concerns of the crypto trading industry. This also breeds a new kind of profiteers – arbitrages – who hop from exchange to exchange to make profits on price differences.
According to Broctagon, the price discrepancies are the result of the lack of any messaging system between the exchanges. The impact is largely seen on smaller exchanges with less trading volume, where the trading prices often drift away from the market value.
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