Cryptocurrencies
New Crypto Consortium Seeks to Alleviate Liquidity Problems
- Platform promises speedier settlements, more efficient trading
- Volume on crypto exchanges is down about 80% this year
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Cryptocurrency trades are notoriously difficult to settle. Could a new platform help fix that?
San Francisco-based startup Blockstream Corp. launched the Liquid Network today, a trading platform that promises faster and more secure settlements of digital tokens. The platform connects cryptocurrency exchanges, brokers and financial institutions around the world. So far, more than 20 companies have signed up, including Bitfinex, Bitmex and OKCoin.