LevelTradingField Launches Crypto Derivatives Exchange
- Dubbed CADE, the crypto-centric platform will only list proprietary digital assets it creates.
Chicago-based fintech firm LevelTradingField today launched its crypto derivatives exchange using the Ethereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
Dubbed CADE, the crypto-centric platform will only list proprietary digital assets it creates. CADE assets are Ethereum-based ERC20 tokens, modeled to behave like derivative instruments while tracking an underlying digital asset. This allows traders to capture the economic benefit of the underlying coin without owning it, the company says.
Based out of Chicago, LevelTradingField is basically a provider of institutional grade trading, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, communication, research, and analysis tools to professional and retail investors. The company’s platform features hundreds of tools for several asset classes including crypto, energy, agriculture, interest rates, and foreign exchange, among other sectors.
Following four months of beta trading, CADE will list derivative tokens on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, and Ripple. All derivative tokens on the exchange are priced in LUSD, LevelTradingField’s own stablecoin which is pegged to the US dollar.
The press release notes that CADE will also be integrated with the company’s suite of quantitative, research and analysis tools. It adds that this type of crypto exchanges can be used by many segments in the crypto industry, such as miners and long-term investors, and not just for retail traders.
It further explains: “Unlike trading on other cryptocurrency exchanges, traders do not have to own the perpetual token prior to selling or 'going short.' This unique feature makes the perpetual tokens a useful tool for hedging by miners as well as other digital asset hodlers. The perpetual tokens have a daily settlement price based on the average trade price of the underlying asset across several cryptocurrency exchanges.”
In April this year, LevelTradingField launched a ‘cryptocurrency feed’ in partnership with global connectivity provider NetXpress. The tool consolidates data from major cryptocurrency exchanges to allow algorithmic traders to make decisions on where to route their orders.
Chicago-based fintech firm LevelTradingField today launched its crypto derivatives exchange using the Ethereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
Dubbed CADE, the crypto-centric platform will only list proprietary digital assets it creates. CADE assets are Ethereum-based ERC20 tokens, modeled to behave like derivative instruments while tracking an underlying digital asset. This allows traders to capture the economic benefit of the underlying coin without owning it, the company says.
Based out of Chicago, LevelTradingField is basically a provider of institutional grade trading, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, communication, research, and analysis tools to professional and retail investors. The company’s platform features hundreds of tools for several asset classes including crypto, energy, agriculture, interest rates, and foreign exchange, among other sectors.
Following four months of beta trading, CADE will list derivative tokens on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, and Ripple. All derivative tokens on the exchange are priced in LUSD, LevelTradingField’s own stablecoin which is pegged to the US dollar.
The press release notes that CADE will also be integrated with the company’s suite of quantitative, research and analysis tools. It adds that this type of crypto exchanges can be used by many segments in the crypto industry, such as miners and long-term investors, and not just for retail traders.
It further explains: “Unlike trading on other cryptocurrency exchanges, traders do not have to own the perpetual token prior to selling or 'going short.' This unique feature makes the perpetual tokens a useful tool for hedging by miners as well as other digital asset hodlers. The perpetual tokens have a daily settlement price based on the average trade price of the underlying asset across several cryptocurrency exchanges.”
In April this year, LevelTradingField launched a ‘cryptocurrency feed’ in partnership with global connectivity provider NetXpress. The tool consolidates data from major cryptocurrency exchanges to allow algorithmic traders to make decisions on where to route their orders.