3 Ways We’re Solving the Cryptocurrency Trading Problem
It’s easy to claim we will solve the problems with cryptocurrency trading. What’s not so easy is showing exactly how it will be done. Today, we’re releasing the back-end demo of the 1Konto platform as it executes a cross-exchange trade of a synthetic pair, demonstrating just how it will revolutionize crypto trading. The goal? To make the lives of expert traders, and those just dipping their toes in to crypto trading, much easier.
Best price execution, across every connected crypto exchange
For traders that have ever moved assets from exchange to exchange to execute trades, this one’s for you. Instead of trading blindly, spending 3+ hours analyzing prices across exchanges and trading routes in an attempt to get the best execution, the 1Konto algorithm finds the best trading route and venue for you, behind the scenes, then executes the trade to get you the lowest price available. Whether it be from USD to BTC to XRP, or USD, to some coin you’ve never heard of, back to XRP, all across a myriad of big and small exchanges — 1Konto will find the best route and execute it with one click, saving you hours of research and keeping the extra dollars in your pocket.
No more wasting time with Multiple 2FAs, passwords, auth codes, and logins
As you’ll see in the demo, 1Konto is currently connected to Binance and Coinbase. This gives you access to 157 currencies, and 12,246 trading pairs, all under one account. As 1Konto grows and creates more exchange relationships, the power of the platform grows, and the advantage for the trader becomes even larger. In the demo, you’ll see the real-time custom order book (which you won’t find on Coinbase or Binance), trade route, and execution from XRP to USD. The order book has trading fees included, resulting in a spread of 3/10ths of a penny. Executions happen across exchanges, and all the hard work is done entirely behind the scenes. Traders just need to log on to 1Konto and submit the trade. No more logging in to multiple exchanges, fiddling with 2FAs, passwords, and spending countless hours to find the best prices. With 1Konto, it’s one-click execution on custom currency pairs.
Seize opportunities you weren’t able to before
The cryptocurrency market moves fast…incredibly fast. In the time it takes to transfer funds from one account to another to purchase a coin you think will take off any second, you could be missing out on a lot of gains, especially for larger purchases. 1Konto connects the exchanges you’d normally be transferring funds between in a desperate attempt to find the best trades. Instead of logging in and out of exchanges, transferring funds between each to execute trades, simply move your funds to 1Konto and trade from one place. Our platform allows you to quickly take advantage of opportunities without needless transfers. In addition, through the nature of 1Konto and our order routing engine, we’re able to show the inefficiencies in the cryptocurrency markets. You’ll see these inefficiencies in the Purple Cross, which appears on the depth chart as a crossing of the order book. Traders can act on this arbitrage, negative spread, and profit while making the markets more efficient.
Crypto trading is about to become a lot more fun and seamless. 1Konto will bring new efficiencies to the cryptocurrency markets, through better executions, less volatility and increased transparency. This in turn will give traders the best prices, more time, and the ability to seize opportunities like never before.
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About 1Konto
1Konto (German for “one account”) is in process of becoming the first to connect traditional and digital assets through one-click trading. We focus on increasing adoption of digital assets, reducing friction in ownership and bridging the new crypto world and the traditional financial markets all at the best price via our proprietary algorithm.
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The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this post or any of my posts constitutes a solicitation, recommendation, endorsement.
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