Alexander Geralis, the Chief Product Officer of cXchange, has come back from his trip to Hong Kong where he successfully held the Crypto Workshop at the iFX Expo Asia. The workshop took place in the Hong Kong Convention Center, one of the two main exhibition venues in Hong Kong, on the 23rd of January.
More than 50 attendees from all over the world came to listen how to meet the demands of the maturing crypto industry as traders become more sophisticated and demand better tools. In his workshop, Alexander also explained the value in infrastructure and how to build a leading exchange that responds to the current industry trends. You can watch the workshop recording below.
The crypto space has suffered significant losses last year and, so far, the trading activity is not as active as it used to be. In fact, the market cap has dropped by more than 85%, while the trading activity is down by less than 70% in the US Dollar terms comparing to the last year. However, if we look at the number of major cryptocurrencies traded each day, we do see an increase in the lows of 2018 taking Bitcoin volume into consideration, regardless of the price.
These substantial changes in traded volume landscape had a significant impact on many cryptocurrency exchanges. Some of them had to close down their operations, while others are strengthening their positions and investing in major infrastructure acquisitions.
Alexander Geralis, the Chief Commercial Officer of cXchange, and Edward Iskra, Director for Communications and Board Member at Bitcoin Gold, discussed these latest trends on BloxLive TV. They covered the following topics:
What the fact that the drop in US Dollar trading activity is less than the price tells us,
Why the recovery of the daily Bitcoin transactions is not reflected in the prices of the underlying assets,
Could the daily blockchain transactions data be a more useful indicator of trading activity than the traded volume which figures are being distorted by wash trading,
Should the turnover of coins be used as a metric to judge the markets,
What the biggest acquisitions we have seen during this crypto winter were and why they are still happening,
Is the failure of exchanges, such as QuadrigaCX, the reason why decentralized exchanges could become more popular,
What the major setback for implementation of decentralized exchange is.
cXchange was present at the recent Crypto Valley talks, the Worlds of ExChange, in Switzerland to discuss exchanges and the maturity of the marketplace as a whole.
The Crypto Valley Association is an independent, government-supported association established to take advantage of Switzerland’s strengths to build the world’s leading blockchain and cryptographic technologies. Their events are focused on startups, research, hackathons, and discussions around blockchain and cryptocurrencies.
The Worlds of ExChange special event, which was hosted at the SIX Swiss Exchange on the 29th of January, featured guests from Nasdaq, Bitfinex, Swiss Exchange (SDX, SIX) and Lykke.
Points of discussion included:
Regulation for trading, investing, STOs,
Centralized, semi-decentralized and decentralized exchanges,
The unique value that blockchain can offer to electronic trading,
Institutional and retail investment vehicles as the crypto market matures.
The year 2018 was a busy time for us. The company and its products underwent a number of developments on both corporate and technical levels, resulting in continuous growth and, most importantly, recognition of our efforts among traders, brokers and the public.
A number of cTrader updates were carried out with an aim to improve the usability of the platform and enhance the overall trading experience by adding new features and tools requested by traders and brokers. The platform underwent also the major changes in terms of look and feel by upgrading the side menu and adding the ASP panel thus improving the navigation inside the platform and becoming more symbol centric. In addition to that, it also introduced the all in one experience by adding algorithmic and copy trading services to the platform, cTrader Automate (cAlgo) and cTrader Copy respectively. The cTrader Mobile was also upgraded with several updates of the new app that was developed from scratch last year.
The launch of cTrader Copy was a major highlight of the year, as this is a truly innovative platform that combines the benefits of both copy trading and PAMM, thus becoming a versatile investment platform for anyone willing to become an Investor or a Strategy Provider.
It is also worth to mention the launch of the new cTrader ID site. This was done in conjunction with the shift to cTIDs authentication only. Now users can enjoy a number of benefits of a single login, as well as exclusive features and tools.
On the corporate side, there was a major change in the leadership team with an appointment of Alexander Shulman as CEO of Spotware and Andrey Pavlov becoming the President of the company.
What’s more, in 2018, we received two prestigious awards. cTrader was recognized as the Best FX Trading Platform at the London Summit 2018 Awards. It also received an award for the outstanding implementation of ISO 27001:2013 related to the Information Security Management System it employs.
New Product Launch
The year 2018 was also notable because we added a new flagship product, cXchange, in our portfolio. Our expertise in capital markets space helped us to enter the cryptocurrency market with a premium digital asset exchange solution that allows businesses to launch their own exchanges. cXchange has received a number of positive reviews including the article by a reputable cryptocurrency source, Cointelegraph.
Last but not least, cXchange was integrated with BitGo, the leading custodial solutions provider for blockchain-based currencies, thus adding additional levels of security and more coins available to trade. This was followed by onboarding our first client, Bokka exchange, which used the cXchange solution to build its cryptocurrency exchange.
We hope the year 2019 will be as exciting as the previous year and will bring even more benefits for our clients and users!
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We are happy to present the new Spotware Marketing Portal, which is an extensive marketing resource for Spotware clients and partners. It provides various materials, including platform screenshots, logos, creatives, videos, content, and others. The portal is available to help cTrader brokers and providers of cXchange to promote the platforms to their users. We plan to continue adding new materials regularly.
With the new Spotware Marketing Portal you can:
Download Spotware, cTrader, and cXchange logos in PNG and AI formats,
Download cTrader and cXchange screenshots broken down per releases and platform applications,
View and download various creatives including banners, infographics, and social post images,
View and download product white papers and resources for product positioning and promotion,
Watch and embed to your website cTrader platforms’ videos,
Copy URL formats to create the branded links to cTrader trading platforms,
Customize and embed Spotware branded widgets into your website or blog.
Blockchain and exchange platforms offer more than just a space to trade cryptocurrencies. We are seeing some trends of using this infrastructure and technology to add liquidity and create a marketplace for assets outside of cryptos.
Alexander Geralis, the Chief Product Officer of cXchange, has spoken to BloxLive TV to discuss this innovative approach. In his interview, Alexander covered the below topics:
How can collectibles industry, including sports, art, equity and other assets, benefit from tokenization?
Having in mind, tokenization is new to many people, how would you summarize it in simple terms?
Has tokenization of products on blockchain been here for a while but was unknown to people outside the blockchain space?
How does funding through tokenization differ from IPOs, ICos, and crowdfunding?
How safe investors view tokenization comparing to traditional trading?
On the 22nd to 24th of January, the iFX Expo Asia will take place in Hong Kong, where the representatives of both our brands, cTrader and cXchange, will be available for meetings to show all the benefits of these products for your business.
If you are interested in cTrader, book your meeting now with James Glyde, the Chief Commercial Officer at Spotware, by contacting him at firstname.lastname@example.org.
If you are interested in cXchange, book your meeting now with Alexander Geralis, the Chief Product Officer of cXchange at Spotware, by contacting him at email@example.com.
Alexander Geralis will also hold his workshop at the expo about the demands of the maturing crypto industry and how to build a leading exchange. Read more about the workshop here.
Alexander Geralis, the Chief Product Officer of cXchange, is inviting you to a cryptocurrency workshop that he will hold on the 23rd of January at the iFX Expo Asia 2019 in Hong Kong. In his workshop, the attendees will learn how to meet the demands of the maturing crypto industry and build a leading exchange.
The cryptocurrency exchanges have changed dramatically in recent years. Today’s traders and investors have different needs and expectations than they used to. As the cryptocurrency industry matures, it is becoming more important to build exchanges that are responsive to these changes.
The workshop will cover the following areas:
How exchanges have changed in recent years and why,
What are the needs of traders and exchanges nowadays,
What is Exchange 2.0,
How to build your own cryptocurrency exchange.
If you would like to book a meeting with Alexander Geralis about our digital asset exchange solution cXchange, you can book a meeting with him at the expo by sending an email at firstname.lastname@example.org.
Bitcoin has taken another step back from the mainstream with the Bakkt Futures launch delayed again, as they are waiting for the greenlight from the Commodity Futures Trading Commission. The launch was previously set for January 24th, 2019. The new date will be announced later this quarter.
The Bakkt Bitcoin Daily Futures Contract is a physically-settled daily futures contract for Bitcoin held in Bakkt Warehouse. The product will be launched on the Intercontinental Exchange, which also owns the New York Stock Exchange. This launch is seen as an opportunity to introduce more institutional and traditional market participants to Bitcoin as an asset class.
In the meantime, despite the postponement, cryptocurrencies managed to realize an upswing as Bitcoin broke above $4000 and Ethereum realized a steady gain to the $160 level.
Our expert, Alexander Geralis, the Chief Product Officer of cXchange, has discussed the Bakkt Futures Delay in his regular series with BloxLive TV, covering the below questions:
How much damage this postponement caused to the BAKKT brand?
Looking at the CME Futures launch in 2017 that might’ve been a catalyst in price, do we expect something similar with Bakkt?
What does Bakkt have to do in order to be compliant with the regulation?
Does the market expect to see a lot of interest in this product?
Because this is the 2nd push back for Bakkt, is there a risk of it not taking off at all?
Is this push back negative for the market?
Do you think there is trust from market participants waiting to enter this market?
Bakkt has attracted some notable names during the latest funding round such as Microsoft, Starbucks, and Boston Consulting. Why is this something important to note? Shall we expect more partnership in the nearest time?
James Glyde, the Chief Commercial Officer at Spotware, has met with a popular online source, Bestctraderbrokers.com, to speak about how industry shapes the company’s development and market feedback on its offerings.
In his interview, James provided insights on the below topics: