Sparkdex Decentralized Crypto Exchange To Tackle The Current Security Concerns
Sparkdex will roll out in just a couple of days, on August 30th, as the Hong Kong’s first decentralized crypto exchange platform. Aiming to provide the most secure platforms for cryptocurrency traders, Sparkdex would permit peer-to-peer trading and funds holdings for investors from all over the world. Now, according to a recent press release, Sparkdex is making the final preparations before its launch with the purpose to be a reliable platform that tackles the current security concerns.
Formally known as BitSpark, Spark established in 2014 in Hong Kong to promote for a future where money transfers would be conducted without the implications of the banks. The company aims to help both individual consumers and enterprises transfer money, straightforwardly and competitively, using stablecoins backed by international fiat currencies.
Spark is operating in seven countries across Africa and Asia, and now, with its upcoming decentralized crypto exchange platform, it goes deeper into the cryptocurrencies market.
Sparkdex to be Hong Kong’s first decentralized crypto exchange
The upcoming platform can manage a trading volume similar to that of NASDAQ and function at a speed of 100,000 transactions per second. The Sparkdex decentralized crypto exchange platform will not demand invasive documentation, while its commissions would not exceed 0.2% of the value of a trade.
“Spark is proud to be debuting Sparkdex which enables traders to access the world’s largest, most active, most liquid and highest capacity exchange in the world,” stated George Harrap, Spark Co-founder and CEO.
Also, Maxine Ryan, the COO of Spark, thinks that the Sparkdex is next generation trading available now. As many cryptocurrency exchanges adopted a mainstream approach, this upcoming decentralized trading platform “is the biggest advance in trading security from centralized risk,” Ryan added.
Once again, Sparkdex crypto exchange platform would launch on August 30th.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.