“This is new generation of consumers, trends and tech, cryptocurrency, blockchain and NFT-focused companies are emerging to provide solutions”–Paul Ebeling
“E-Trade (ETFC) has 5-M users, Charles Schwab (SCHB) has 32-M users, and Coinbase (COIN) has 56-M verified users.
What this says is not only are people interested in trading cryptocurrencies, but the consumer set is a new generation of people, a new generation of consumers, a new generation of tech, and a new generation of solutions that are being worked on.
We are still in the early stages of all of this, and the potential for blockchain will broadly redefine business and the way the world does business. It is helping to redefine the financial system.
A Key trend in the financial space right now is de-fi, or decentralized finance, which has the potential to disrupt and recreate the financial system.
There are companies focused on lending, and there are asset management companies like our firm that are focused on crypto or supporting crypto, whether through funds or mining themselves, but also by providing the backbone infrastructure for the coming future of finance.
We are seeing the new evolution of decentralized exchanges from companies that functions as a secondary market without the middlemen, aka the market markers, the clearinghouses, the custodians or the financial institutions.
This sector has the potential to lower costs and increase efficiency is extremely attractive and must be paid attention to.
Also, there have been buzz worthy trends happening in the NFT space with digital art, etc. and whether or not they stay in the same form, the technology coming out of NFTs can allow real-world assets to be transformed into crypto-compatible assets.
We are looking at a system that is decentralized that is secure but can now be verified in a decentralized way without the need for one, or several, central intermediaries, which can be more inefficient and more costly.
GBITS has powered up their flagship offering the Knightsbridge exchanges that will not only provide a crucial source of liquidity to the global cryptocurrency market, facilitating billions of dollars in trading volume on a daily basis, but will cross over in to the traditional markets, Equities, FX and many more.
This will be managed by a series of our own proprietary routing and flow management algorithms.
As the market expands, the exchange platforms will scale in response to the demand for digital and digitized assets, offering asset custody, new trading features and functionality, and access to an ever-growing number of assets all funded from turnover.
With disintermediation as a core philosophy of the blockchain community, decentralized exchanges — or DEXs — have gained in popularity alongside traditional centralized exchanges (CEXs). Decentralized exchanges take a different approach to buying and selling digital assets: They operate without an intermediary organization for clearing transactions, relying instead on self-executing smart contracts to facilitate trading. This dynamic enables instantaneous trades, often at a lower cost than on centralized crypto exchanges, our Hybred DEX/CEX will change the world of trading.
In the absence of intermediaries, DEXs take on a non-custodial framework. This means that you retain custody of your cryptocurrency and are responsible for managing your wallets and private keys. Holding your private keys is considered a boon to users who want to maintain complete control of their assets. However, this comes with the risk that your keys could get lost, stolen, or destroyed; or in the unlikely possibility that you become incapacitated or pass away suddenly, if no one knows your password, your keys can’t be accessed. We will be offering the freedom of choice on how you wish to manage your money, The lack of an intermediary also means that most DEXs have limited counterparty risk and are not required to follow Know-Your-Customer (KYC) or Anti-Money-Laundering (AML) regulatory standards, this is the regulatory danger but we have preplanned, take a look at our Six Suite of products, Smart Blockchain based KYC and AML, a paradigm shift in the industry.
Knightsbridge is aiming to be a leading global exchange/broker/counterparty within 5 years.
Have a prosperous day, Keep the Faith!