You may haven’t heard about LGO exchange in our cryptocurrency news so far, but it is definitely a name to watch out for. Known as a high-performance Bitcoin and cryptocurrency exchange platform, LGO today announced some new plans which will likely move it closer to some of the best crypto exchanges out there over the next few years.
First, the LGO exchange will look at expanding into new services for financing, OTC execution and derivatives. Also, what’s on the team‘s dashboard is the deploying of new assets such as altcoins, stablecoins and tokenized assets.
To begin with, over the next few weeks, the native LGO exchange token will be firstly added to the exchange. Later on this year, LGO will also launch an OTC execution and digital asset financing. As the team said in the altcoin news earlier this week:
“While we’ve done a lot over the past two years, we still have a lot to achieve! We’d like to thank all of our token holders that have supported us from the start, as well as our clients that trust us with their business on a daily basis. On February 1st, 2018, we gathered 3,600 BTC during the LGO token sale, which is still to date the largest ICO ever done in France. More than 9,000 people from 50 countries joined us in our mission to create a fair, secure and transparent ecosystem for institutions to trade digital assets. Two years after, LGO is a key player in the international digital asset ecosystem, and the leading institutional Bitcoin exchange in Europe.”
When it comes to transparency, the LGO exchange whitepaper shows the Legolas Protocol in detail – a public proof sequencer which allows for demonstrating the transparency of all the trading activity which happens on the LGO platform. The protocol is integrated into LGO’s institutional exchange and more details about it can be found on the LGO Node as well as the auditable proof of exchange activity.
So far, LGO exchange is one of the only Bitcoin exchanges that can prove the complete transparency of trading data. After one year of development, LGO launched its platform in March 2019 with the trading of Bitcoin. Ten months later, it became one of Europe’s largest Bitcoin trading platforms for institutional investors.
Right now, LGO exchange’s mission is to get in the likes of Binance and Coinbase and expand on an international level.
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“The users are in control of the digital assets, which is something that hasn’t happened before. I think that over time players will gravitate toward games where they are more in control.”As per the other Decentraland news, HTC announcing that the altcoin MANA will be their strategic partner, MANA spiked almost two times against the US dollar. For those of you who are asking themselves why these unique crypto assets are part of HTC and Samsung’s plans, the truth is that both smartphone manufacturers believe that their potential exceeds the realm of payments and goes above and beyond the popularized cryptocurrencies in the likes of Ripple, EOS, Litecoin, Stellar and TRON.
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“There are tons of projects that use the liquidity from individual DEX networks, but the liquidity isn’t connected. Our goal is to provide the best price for any token trading pair on the market...it’s pretty much guaranteed with 0x API because we’re just pulling from networks that have the best prices.”For example, while 0x is quite liquid when it comes to popular trading pairs such as DAI and ETH or USDC to DAI, he says that there’s a lack of liquidity on other coins such as Augur that could be more liquid on another network. 0x wants to solve this problem by creating an order that will be split between all DEX networks and returning back the best price there is. With only a few code lines, the 0x developers can now connect to the API and get a quote in the back end so they will be able to execute the transaction at the best prices. Taylor continued:
“We want to be the most liquid decentralized exchange, but we also want to provide developers the best price. If that’s not on 0x native liquidity, we’re happy to give them on Kyber, for example, because that’s a better developer experience. ‘’0x API does not have a bridge with dYdX which is a margin lending exchange that started sourcing liquidity from 0x in 2019. The platform has a closed pool as Matt explained so while the maker that uses 0x API could potentially make an order on the margin trade on dydx, there is not a single possibility on the taker side to fill dydx trades via 0x API.
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