According to CoinMarketCap data, there are more than 1,800 cryptocurrencies in circulation today, with a combined market cap of over $218 billion, . Investors around the world are eager to trade in this rapidly-growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies. Though they call themselves "exchanges," from an investor's standpoint they function similarly to e-brokerages and their rapid rise is reminiscent of the explosion of electronic discount brokerage firms during the dotcom bubble of the late 1990s.
These exchanges allow consumers buy, sell, and trade cryptocurrencies, whether through fiat currency like dollars, euros, or yen, or another cryptocurrency like bitcoin or ether. Less common cryptocurrencies, called altcoins, often must be traded against bitcoin and cannot be purchased directly with fiat currency. Not every exchange supports every coin, and many investors use more than one platform.
Despite of the numbers above, major functionality gaps continue to plague these exchanges. Some of the key issues for existing cryptocurrency trading exchanges include liquidity, security, latency problems and a lack of automated functions. Each of these problems translates into a limiting and frustrating experience for seasoned and new traders alike.
Cyber attacks and security breaches are common, sometimes resulting in a complete shutdown of the exchange. Sometimes, crypto exchanges will simply stop working without any forewarning to traders and investors.
Liquidity is a vital element for any of the market. Lack of cash creates an imbalanced environment, and things go out of control. Liquidity issues make it difficult for traders to enter and exit trades at their desired price.
Lack of features:
Many traders currently have to use a collection of external tools and resources to complement their cryptocurrency trading. Such tools may or may not be native to their platform of choice. Although there are fundamental trading principles and successful behavioral psychology that a majority of traders share, how they approach their technical analyses and buy/sell thresholds varies from trader to trader.
XERA’s exchange will address the issues and challenges traders are facing with cryptocurrency exchange platforms while providing an integrated solution for traders and investors who are interested in the cryptocurrency market. XERA will provide the professional tools and resources that traders require for precise trade execution. XERA is currently establishing partnerships with professionals from various industries to assist in the development of a robust trading platform.
The XERA will be a fully integrated cryptocurrency trading exchange that resolves the key issues and challenges that traders are facing with current exchanges. The XERA solution will including:
The Xera team is deploying the newest cybersecurity technologies to provide robust security features to the customers. This platform provides unmatchable security features to protect your fiat and cryptocurrencies. In addition, it also provides impeccable security features to protect your personally identifiable information. Frauds can never access your personal and trading data when you are trading on Xera.
Cryptocurrency has got popular due to increased liquidity but Xera is offering better liquidity than other exchanges. It is dedicating up to 10% share of trading fee into the liquidity pool. Therefore, liquidity will always be healthy on this exchange.
XERA is positioned to offer traders and investors detailed reporting, advanced charting features, one cancels other (OCO) order features, multiple order types, price alert system, real-time profit and loss updates, and competitive trading fees.
Speed is what the users need when trading cryptocurrencies. Xera has successfully maintained super low latency and consequently it features lightning fast speed on the exchange. This platform can successfully maintain 2.5 Mtps throughput and at the same time reducing latency to the lowest possible levels.
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