The financial industry continues to evolve with the entry of new blockchain startups. In what has become a trend, many alternative investments have turned their attention to technologies that are disruptive. Many investment companies are focusing on cryptocurrencies and blockchain technology. The latest case is Dymon Asia Venture Capital Fund LP’s investment in LXDX, a cryptocurrency trading platform based in Malta.
Increasing subscription on the platform
The investment will go towards making the platform widely available. For many cryptocurrency investors, trading digital currencies can be frustrating because of repeated delays, downtimes, large price spreads and lack of liquidity. All these discourage investment in cryptocurrencies.
In addition to the partnership with Dymon Asia Ventures, the platform has partnered with a number of advisors among them authors and cryptocurrency investors. These include Alex Disney, who initially worked at Cumberland Mining, Justin Litchfield of ProChain Capital and author Arianna Simpson.
What is LXDX offering to investors?
In a statement during the launch, LXDX co-founder and CFO, John Hazen, said that they will be developing a system that will allow users to comfortably work on big deals, as well as be able to bargain for reasonable pricing. The platform will be revamped to increase speed of transportation and scalability, which have been the major challenges in the industry.
In a statement, LXDX CEO, Will Roman said the exchange has many differences from others in the market. He noted that the platform was built from the foundation in a highly optimized C++ base. He noted that the platform is hosted on a hardware in primary datacenters like SG1. Roman said the company has been developing a system aimed at improving both commitment and performance.
All these have been put in place so as to fill the gap between institutional and retail traders and market makers. According to the company, the ability to launch a technology that is able to support millions of orders every second will be a major milestone. The company has an engineering and policy setup, which helps to improve performance. This could go a long way in increasing cryptocurency adoption and trade.
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