Exchanges

Broctagon launches NEXUS 2.0 to tackle crypto exchange price disparity

Multi-asset liquidity provider Broctagon has launched NEXUS 2.0, a new service designed to tackle the issue of crypto exchange price disparity.

Due to relatively low volume within the cryptocurrency markets, the price of digital assets often varies across exchanges, which is often capitalised on by arbitrage traders.

The FIX protocol is typically used within the forex markets to solve a similar issue, although no such solution currently exists for cryptocurrency exchanges.

NEXUS 2.0 is a liquidity aggregation engine that channels price feeds from top global exchanges with smart order routing.

This means that even a new exchange can experience instant liquidity and efficient settlement due to greater market depth.

Don Guo, CEO 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.”

Guo added: “We’ve built our business on identifying problems in the market and working on innovative solutions to fix them, and NEXUS 2.0 is no different.

“This could encourage involvement from larger players from the traditional finance space.”

For more news, guides, and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

4 weeks ago