Xtock and Cashierest opens OTC exchange based on custody
Global STO project Xtock’s OTC exchange is launching on first week of August. Xtock’s OTC platform is built for integrating system with traditional coin exchanges to onboard. Korea’s major exchange Cashierest is the first exchange as a client. OTC platform will start registration event for Cashierest’s individual users.
Xtock’s OTC exchange is built for balancing differences of token price among exchanges, increase liquidity for every onboard exchanges, and secure trades by increase KYC/AML system. Xtock has been working on providing convenient and secure custody services to customer by issuing CUST token and integration API. Exchange Cashierest is the first client.
Accordingly, individual users of the Cashierest will be able to directly engage themselves in global OTC trades that also flows through global major exchanges such as BW .com, Coinbene, IDAX, etc, which has partnered with Xtock. Xtock’s OTC exchange will support various digital assets starting from Bitcoin and Ethereum which can bring big volume, and eventually support others as well.
Custody Token (CUST) will be used as one of the payment for OTC trading fees, and Custody service fee, which will be the first commercialization service of CUST. Xtock’s OTC exchange also supports many different currencies for global focus. KRW, USD, EUR, GBP, CAN, and AUD will be able to be use sequentially.
Xtock’s OTC exchange also provides analysis datas for users. This datas are from OTC transactions of partner’s exchanges and users. Xtock OTC exchange provides analysis price and OTC trend chart to give a quick glimpse of the global market trend. In addition, it compared data from on-chain, provided by blockchain AI company LYZE, so that users can trade by predicting global OTC market prices.
Xtock uses hardware card FuzeW, which is built by Xtock’s major partner FuzeX, to strengthen security and transaction stability. At the same time this will be applied to KYC and AML solution. This will bring the muti-sig three-factor authentication (3FA) cold wallet security for individuals, exchanges, and custodians. Cashierest is the first exchange to apply this system.
Users may use Xtock’s OTC exchange on Cashierest’s website, Xtock’s KYC/AML solution will stop transactions of online in case of abnormal transaction. 2,000 FuzeW card will be provide to Cashierest users through opening event on August.
CEO of Cashierest, Won-Jun Park saids “We are eager to continue our close cooperation with Xtock so that users can experience safe and easy OTC tradings”
CEO of Xtock, Jin Hong Park saids “Opening OTC exchange is one part of Xtock’s STO road map, we will do our best to create synergy by providing STO-combined service in the future.”
Published at Thu, 25 Jul 2019 06:51:09 +0000
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