Blockchain Board of Derivatives (BBOD) announced the launching of the hybrid cryptocurrency trading platform, which they claimed to be as fast as centralized, yet as safe as decentralized.
In partnership with GMEX Fusion Technology, Blockchain Board of Derivatives (BBOD) launched their hybrid cryptocurrency trading platform just recently. The new trading platform is claimed to be “as fast as a centralized platform, yet as safe as a decentralized”.
BBOD uses “Smart Control wallet system”, which enables traders to create their own wallet for trading on the platform. The system also keeps traders in control of their funds, as to how it is with a decentralized trading platform.
Then, to achieve a high-speed in processing the transactions, BBOD connects the smart wallet to GMEX Fusion Technology Suite’s centralized engine, which has the capacity to process 1,250,000 orders per second.
This way, traders will enjoy fast transaction process as to how it is with a centralized trading platform, but with the security of a decentralized trading platform, as reported by BTCNN.
On the launching, BBOD’s CEO, Chris Urbanovicz said, “I am so filled with happiness and gratitude for everybody who worked with me to develop this trading platform.” He reminisced to a couple of years back when he was laughed at and being told “a joker” for trying to sell the hybrid exchange platform when saying, “In 2011, nobody believed in my vision. Now, people all over the world trade on BBOD.”
BBOD’s platform allows trading of several cryptocurrencies, such as ETH, BTC, and XRP, with deposits in ETH and BBD (BBOD token). In addition, the platform also offers a 20% saving in fee for traders who transact using BBD.