Blockchain Board of Derivatives trading platform goes live
Blockchain Board of Derivatives’ (BBOD) hybrid cryptocurrency derivatives trading platform is now live.
My brain hurts looking at it
According to BBOD, this is the “world’s first hybrid cryptocurrency derivatives trading platform”. It was launched in partnership with GMEX Technologies – enabled by its GMEX Fusion Technology suite.
The suite offers crypto asset support and blockchain integration; and will be used to trade Ethereum-based derivatives with a combination of order matching, market surveillance, “security of funds” and margin trading.
BBOD’s co-founder and CTO Chris Urbanowicz says: “In 2011, nobody believed in my vision. Now, people all over the world trade on BBOD. It started as a dream, and it grew into global movement.”
The company adds that its hybrid trading platform combines the “speed of centralisation with the security of decentralisation”.
BBOD explains how a hybrid trading platform works.
To keep traders in control of their funds, Urbanowicz and his team designed a custody solution: the smart contract wallet system. Using this system, each trader creates their own wallet designed specifically for trading on BBOD.
The platform then connects the smart contract wallets to its centralised GMEX matching engine, which processes 1.25 million orders per second with an average latency of 75 microseconds.
Peer-to-peer cryptocurrency derivatives contracts include Ethereum-dollar perpetual, Ethereum-dollar futures, Bitcoin-Ethereum futures and Ripple-Ethereum futures.
