Mimetic Markets has unveiled an offering that it says will allow clients to create a bitcoin exchange within minutes, using their “Sputnik Exchange Engine”.
The concept seeks to go beyond white label solutions, like those found in the forex trading industry. In such schemes, the “internal machinery” of a prospective exchange is prebuilt. This, as opposed to investing heavily in building one from scratch. However, the operator potentially invests months into integration and other “lighter aspects”.
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
In addition to bitcoin trading, the company states capabilities for futures contracts and predictions markets- whereby traders can bet on contracts stipulating financial outcomes tied to world events, such as political developments or the weather.
One of the key requirements specific to a bitcoin exchange, however, is security of client funds. The approach taken to this key area (how and where bitcoins are stored and secured) by the company remains to be clarified.