http://spectretrading.com Broker-less trading markets for cryptos and other assets being launched on the Blockchain are emerging as a kinder, fairer and potentially more lucrative market for traders. Decentralized exchanges are not only eliminating broker fees but also solving the main challenge of cryptocurrency exchanges, a lack of liquidity. An alternative to crypto exchanges, prediction markets are like manna from heaven, with at least one Blockchain trading platform providing deep liquidity pools.
What all Blockchain trading platforms have in common is the elimination of the broker. Traditionally, trading has been a zero sum game. When brokers match orders, they take the other side of the trade. If the trader wins, the broker loses, and vice versa. This model gives brokers an incentive to manipulate fees and trading outcomes, and delay payments. In the foreign exchange markets, 60–70 percent of retail traders lose money, and up to 80 percent abandon FX trading within a year.
Eliminating the middleman reduces all forms of financial fraud, a multi-billion dollar problem in a range of trading verticals every year. Both Blockchain exchanges and peer-to-peer prediction markets are designed to dis-intermediate the broker. Blockchain technology removes B-Book brokerages and replace them with immutable smart contracts, we are addressing a major need with our prediction market platform by preventing many forms of global financial fraud.
http://spectretrading.com SPECTRE, short for speculative tokenised trading exchange, is a dramatically different approach to the classic, fraud-ridden financial trading model where brokers regularly tamper with platforms, engaging in unethical behavior with financial traders and clients. Examples of this behavior include tampering with price feeds, freezing withdrawals and trading on the client’s behalf without permission. Instances of fraud are rife across the binary options and FX industry with regulators across the globe struggling to contain the problem. SPECTRE, built ground up on the Ethereum blockchain, removes the financial broker out of the equation and through the creation of novel, private escrow smart contracts along with a decentralized, autonomous liquidity pool, removes the need for deposits as well. This means that traders around the globe can engage with the financial markets, be it binary/digital options or trading FX and other asset classes, without human intervention. Ethereum blockchain allow us to disrupt the classic trading model and remove the broker out of the picture entirely. The conditional, decentralized and autonomous liquidity pool that is owned by the public (not us) and rewards the public in the form of dividends, brings a new era of transparency into global financial trading. Traditional financial trading scenarios see traders trade directly against the broker’s balance sheet, creating a range of conflicts of interest and moral hazards. Financial fraud in trading is a multi-billion dollar problem each year. The Spectre platform solves this problem.
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