Cryptocurrency
Meet the ‘Flash Boys’ of Cryptocurrency Looking to Shakeup Bitcoin FuturesTrading via @businessinsider
According to Business Insider, “Meet EverMarkets: A crypto-company building a trading platform to one day rival the bitcoin futures markets on CME Group and Cboe Global Markets. Trading of other assets, in addition to crypto, will also take place on the platform.The point of the upstart, similarly to Katsuyama’s IEX, is to de-emphasize speed in trading, but […]
According to Business Insider, “Meet EverMarkets: A crypto-company building a trading platform to one day rival the bitcoin futures markets on CME Group and Cboe Global Markets. Trading of other assets, in addition to crypto, will also take place on the platform.The point of the upstart, similarly to Katsuyama’s IEX, is to de-emphasize speed in trading, but in cryptocurrency futures, not stocks. EverMarkets plans to shake up the market for crypto futures, which is dominated by Wall Street’s high-speed traders, by moving it onto the blockchain and changing the method by which contracts are traded. Instead of the continuous model, in which securities are executed as soon as an order is placed, EverMarkets will run off an auction model. In such a model, trades are all collected and then matched at a specific point in time.”