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Sparkdex, the first decentralized cryptocurrency exchange to start up in Hong Kong, will launch on the August 30th, 2018. Designed for cryptocurrency traders, the exchange will offer a highly secure environment, whilst addressing and avoiding the current security concerns.
Sparkdex aims to permit traders around the world to own their funds and trade peer-to-peer (P2P). The first decentralized exchange in Hong Kong will launch at the end of August for cryptocurrency traders, offering them maximum protection. The exchange, made specifically for stablecoins, cryptocurrency, and tokens, does not require invasive documentation. Additionally, the exchange will not impose transaction limits on withdrawals/deposits and there is only a 0%-0.2% trading fee (depending on the asset traded).
Sparkdex’s exchange possesses trading speeds of 100,000 transactions per second. Not to mention the exchange’s capability of handling a trade volume of the Nasdaq. Therefore, cryptocurrency traders can expect outstanding performance from Sparkdex.
Formally known as Bitspark, Spark is a Hong Kong-based fintech company which offers a secure web and mobile platform. Since 2014, the platform has been offering users the ability to conduct money transfers without the need to use a traditional bank. Sparkdex’s decentralized exchange offers a friendly, fast, and efficient services offering.
George Harrap, Co-founder, CEO of Spark said,
“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.”
Fortunately, the exchange does not require users to have a bank account or knowledge of cryptocurrency. This makes it easy for the unbanked and de-risked businesses, who will have access to over seven countries across Africa and Asia. In addition, Spark has formed a number of important partnerships, with a history of support from numerous high-ranking organisations.
Not only is Sparkdex the first portal in Hong Kong to permit worldwide P2P trading with their own funds, but they have also successfully conducted the world’s first money transfer using Bitcoin.
The main goal that is currently ongoing is to address the current security problems in the industry. This will allow users and businesses to make cryptocurrency trades knowing they are backed by the trust and confidence of Sparkdex. With the exchange and utilisation of blockchain technology, money transfer operators can send and receive payments at the fastest, cheapest rate.
Maxine Ryan, Co-founder, COO of Spark said in a statement that:
“The Sparkdex is next generation trading available now. It’s the biggest advance in trading security from centralised risk since cryptocurrency exchanges went mainstream. We are excited to begin building Spark’s liquidity from our international markets directly on Sparkdex.”
Sparkdex’s money transfer ecosystem is built on the Bitshares blockchain. Its product line of web and mobile application has serving businesses and consumers since 2014. The decentralized exchange will also host stablecoins, which are pegged to over 180 currencies worldwide.