News

Blockstream And Sevenlabs Launch Decentralized Bitcoin Exchange

Blockstream and Sevenlabs, Bitcoin infrastructure service providers, have collaborated with Poseidon Group to develop the first decentralized security token exchange for Bitcoin in Switzerland.
Blockstream And Sevenlabs Launch Decentralized Bitcoin Exchange 3

The exchange, XDEX, will support Bitcoin ecosystem assets and allow peer-to-peer trade, effectively removing intermediaries from the transaction.

XDEX general counsel, Lars Schlichting said:

“The use of P2P infrastructure by current financial markets is inevitable. XDEX’s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve.”

Blockstream will give users access to the Liquid Network, a layer-two application designed to scale Bitcoin, allowing them to trade assets such as Bitcoin, Euro, and Swiss Franc stablecoins, and other Liquid-based assets. Users can exchange Blockstream Mining Notes and the Infinite Fleet equity token when it launches in Q4 2022.

Blockstream And Sevenlabs Launch Decentralized Bitcoin Exchange 4

Additionally, Blockstream will provide access to the Blockstream AMP, which enables the management of programmable assets on the Liquid Network. Furthermore, because the joint venture is based on the TDEX open source protocol, which Sevenlabs will maintain, users can access XDEX in real time. Adam Back, CEO of the company, said:

“By leveraging the Blockstream Asset Management Platform AMP, TDEX’s decentralized protocol, and Liquid’s Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

24 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.