How Does GLASS Work, and What Does It Mean to OKEx and Our Users?
Besides compliant access to the US, GLASS offers much more to us

In late August, we announced our joining of SharesPost’s Global Liquidity And Settlement System, aka GLASS, as one of the first exchange nodes in the network. When GLASS becomes fully operational in Q4 2018, as stated in their roadmap, OKEx will be able to enjoy compliant access to US investment market.
What is special about GLASS?
One should never overlook the role of SharesPost plays when looking into the potential of GLASS.
Unlike most of its competitors who are still being bothered by the registration process, SharesPost has already acquired the necessary licenses, such as Alternative Trading System (ATS) license and broker-dealer license, that allows it to conduct compliant distribution and security token transactions in the US and other crypto trading markets.
By combining SharesPost’s regulatory infrastructure and our depth and liquidity in the digital asset market, GLASS will offer exchanges the most efficient, lowest cost way for global users to settle compliant security tokens trades.
How does GLASS work?
In the simplest terms, GLASS is a decentralized network that enables exchanges to pool liquidity and settle compliant cross-border token trades without sacrificing processing speeds.
We and other participating exchanges can utilize the GLASS side channel API to integrate the master order book into our own platform to pool selected trading pairs on the network. After submitting buy and sell orders to the network, it will connect buyers and sellers from different exchanges and pool the collective liquidity. Therefore, exchange members are able to access the liquidity of others and boost the overall liquidity through the network.
What’s better is that we can choose to pool liquidity for a single token trading pair, a subset of trading pairs or all of them, giving us very high flexibility for us to deploy our strategies on GLASS.
What good does it do to our users?
Since the system can aggregate a much larger liquidity pool and market depth from all participating exchanges, it would be much easier for our users to get the best prices available for their purchase and sale.
What’s more, exchange members of GLASS can compliantly trade security tokens regardless of jurisdiction. Since each jurisdiction/country will feature one or more licensed entities (e.g., broker-dealer, Alternative Trading System, etc.) on the network to settle trades to make sure each transaction complies with local securities laws, customers from the US and other countries that requires licenses to trade security tokens will be able to trade on OKEx after the GLASS has fully kicked in.
As the number of exchange member and transaction volumes on GLASS grow, we are looking to notch up a wider variety of trading services in a more cost-efficient way to global customers. Please tune in on our Medium or other channels to keep yourself posted with our latest development.
Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
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