Crypto trading platform Hxro has announced that it plans to launch a series of Asia-focused trading products on Nervos, a popular public blockchain project based in China.
Building on Nervos will allow Hxro to bridge its centralised trading platform with its impressive list of DeFi products for the Asian market.
“Asia’s strong gaming and trading culture coupled with the region’s growing crypto adoption makes it an especially attractive market for our next expansion,” said Dan Gunsberg, CEO and Co-Founder of Hxro. “Building on Nervos marks the beginnings of our mission to introduce fully on-chain Hxro products to the China and Southeast Asian marketplace.”
Hxro is known as being one of the only ‘gamified’ exchanges that deal in cryptocurrencies. The platform fror the Asian market will include the MoonRekt feature, which allows users to take bullish or bearish positions in standardised time frames.
In an industry that currently rewards projects for being decentralised, Nervos co-founder Kevin Wang believes the DeFi space is the way to go.
“The DeFi space is ripe with opportunity,” he added. “But there are still some roadblocks to widespread adoption like the complexity of solutions currently on the market.
Meet some of the researchers contributing to #Nervos
Discussing layer 1, layer 2 and consensus scope, economic model, multi-asset store of value, crypto-economics, Nakamoto consensus, and the Eaglesong hash function: https://t.co/LRSHuscHq3 pic.twitter.com/zioAQC7Quc
— Nervos.bit (@NervosNetwork) May 28, 2020
“Similar to Hxro, we believe designing DeFi products to be more approachable for the mainstream audience is an important step in moving the industry forward, so Hxro is an exciting addition to the Nervos ecosystem.”
By operating critical functions on the blockchain, Hxro’s Asia-focused trading platform will preserve user security and privacy while also providing greater transparency with all transactions recorded on chain.
Gunsberg added: “The entire team at Nervos has been extremely impressive; far and away some of the most talented engineers we have worked with to date. Their reputation in the region is unparalleled and we are excited to scale the Hxro offering through their technology.”
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.