World’s first hybrid crypto trading touts best transactional speed and safety

The world’s first hybrid cryptocurrency derivatives trading platform, Blockchain Board of Derivatives (BBOD) launched in partnership with GMEX Technologies. Hirander Misra, CEO of GMEX Group and chairman GMEX Technologies explained in a statement that BBOD is live with an exchange trading platform, full crypto asset support and blockchain integration to trade Ethereum-based derivatives with a combination of ultra-fast order matching, market surveillance, security of funds and full facilitation of margin trading.

The reason there’s a need for a hybrid platform is because centralized exchanges process transactions quickly, but expose cryptocurrency traders to security risks by requiring them to give up custody of their funds. Decentralized platforms meanwhile offer enhanced security by keeping traders in control of their funds, but lag repeatedly and offer limited trading options.

In order to keep traders in control of their funds, the BBOD team designed a custody solution: the smart contract wallet system. Using this system, each trader creates their own wallet designed specifically for trading on BBOD. The platform then connects the smart contract wallets to its high-speed centralized GMEX Technologies matching engine, which processes 1,250,000 orders per second with an average latency of 75 microseconds. This means traders stay in control of their funds without experiencing the lags and delays associated with entirely decentralized platforms.

Read the full release

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