Published Aug 25, 2021
By Qredo Team
Qredo Launches Cross-Chain Peer-to-Peer Trading Platform
The Qredo community is invited to experiment with the open beta launch of Liquidity Hub, the peer-to-peer trading venue that brings trustless over-the-counter transactions to the digital asset market.
London, 25 August 2021 — Decentralized digital asset infrastructure provider Qredo is releasing the open public beta of Liquidity Hub, a public forum purpose-built for financial institutions to trade via cross-chain atomic swaps. Traders can make swaps over-the-counter between different cryptoassets — such as bitcoin and ether — without needing to trust third parties, custodians, or complex mechanisms such as wraps and pegs.
Traders can now officially start experimenting with peer-to-peer transactions that allow control of assets to be retained at all times, and enjoy multiple benefits by trading directly from within their Qredo Wallet:
Instant no risk settlement. Qredo's unique cross-chain atomic swap architecture means funds settle simultaneously to each wallet, with no risk of either counterparty failing to honor the trade.
Inbuilt digital asset governance and reporting. Institutions can meet compliance obligations and customize their custodial governance and approval workflows.
Range of cryptoassets. The Liquidity Hub currently supports BTC, ETH and multiple ERC-20 tokens. Liquidity will be supported by Qredo investors and crypto market makers, including Wintermute Trading.
Economical fees. Trades on Liquidity Hub are charged at 0.5 BPS (0.005%) for Maker and Taker, lower than the 30 BPS fees on DEXs such as Uniswap, and the 10 BPS typically charged by centralized exchanges. There are no gas or mining costs, allowing for unrestricted and free flowing trades.
Best execution. Slippage is impossible, even for those looking to swap large amounts of cryptoassets in a single trade.
"For too long, peer-to-peer trading has been restricted to individuals, while institutions — which stand to gain the most from eliminating counterparty risk — have been left on the sidelines", said Qredo CEO Anthony Foy. "The beta launch of the Liquidity Hub gives institutions the first taste of the granular governance control that can allow them to benefit from instant cross chain settlement."
"Qredo's Liquidity Hub sits on the trustless foundation of interoperability provided by our atomic swaps", added Co-founder Brian Spector. "This is the first of many dApps and decentralized protocols that will ultimately unite liquidity across different blockchains to create a fully decentralized financial stack."
"Qredo's new Liquidity Hub is an important step towards a more robust and investor-friendly ecosystem for digital assets", said Yoann Turpin, Head of Business Development at Wintermute. "By enabling low-friction, secure trading, this exciting new cross-chain venue supports Wintermute’s own goal of bringing greater liquidity and efficiency to the fast-developing crypto markets."
"The launch of Qredo's Liquidity Hub is a milestone for cross-chain infrastructure." added Evgeny Gaevoy (CEO), Wintermute. "This peer-peer venue will offer a trustless trading experience that enables both institutions and individuals to exercise unprecedented control over their digital assets. As the leading digital asset market maker, Wintermute is glad to support this innovation."
In the final release, the Liquidity Hub will enable private peer-to-peer trading via decentralized dark pools. Traders will be able to create their own rooms where trades cannot be observed prior to execution. In the interim, users are invited to provide feedback on the beta release via Telegram, Twitter, and email to [email protected].
About Qredo: Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle bitcoin, Ethereum, and ERC-20 tokens. Assets are secured by Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC), which provides tier-1 bank security and institutional-grade governance.
Discover Liquidity HubPress Contact: [email protected]