smartTrade, an electronic trading solutions provider, announced today that it would be adding Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to its FX trading platform. SmartTrade clients using the firm’s LiquidityFX (LFX) platform will now have access to the ten largest cryptocurrencies.

The move comes as institutional investors demand greater access to the crypto market. While many have been able to trade bitcoin, demand has now also shifted to encompass other cryptocurrencies on the market.

smartTrade claims that many firms have also struggled when trading in crypto. They note that the underlying Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology that supports crypto trading means the market is highly decentralized, making it difficult to accurately price cryptocurrencies.

An honest dealer?

The current LFX system may be able to tackle this problem. The company does not plan on breaking into the brokerage market and so doesn’t have any impetus to tap into a specific exchange’s market.

At the same time, the firm claims its new service will allow users to connect to all of the major crypto exchanges. It also offers software that enables clients to have a solid view of market liquidity and place orders with smart order routing.

David Vincent, CEO of smartTrade Technologies, commented on the addition to the LFX system, saying: “Where inquiries and discussions in 2017 were mainly related to Bitcoin, we now start to see an increasing interest from institutions to be able to trade multiple cryptocurrencies. Therefore, we decided to explore and invest in connectivity to various crypto exchanges, providing our customers with electronic trading access to hundreds of different cryptocurrencies.”