March 3, 2021-High-frequency trading company VRM announced that as its influence in the crypto market grows, its current average daily trading volume is between 15 billion and 20 billion U.S. dollars.
The company trades artificial intelligence-based quantitative high-frequency strategies in the encrypted market and provides appropriate market-making solutions for exchanges. The main trading platforms of VRM include BitMEX, OKEx, Huobi, Binance and Bithumb.
One of the latest innovations of VRM is Black Ocean, which provides dark pools and liquidity pools that will benefit traders, investors, and retail businesses in the crypto market. The project provides crypto custody, loans and Fiat access to corporate and professional investors, and aims to ensure that a large number of crypto assets can be quickly traded-an area where demand is growing.
Black Ocean has created opportunities for brokers and institutional players to complete crypto transactions worth more than $100,000 at a very fast speed without affecting the market.
Two types of pool services are provided. The dark pool provides the whales with proper execution and huge liquidity, and ensures that the data will not be made public. Compared with existing over-the-counter drug solutions, this service also provides greater flexibility and better prices-while reducing costs and helping customers avoid slippage.
At the same time, the liquidity pool caters to retail-oriented businesses without imposing any minimum order size. This service is designed to allow retail aggregators to let their customers enter the trading venue. Existing cloud solutions provide enterprises with exchange templates and access to their liquidity, which usually requires payment of up to 50%, but in contrast, Black Ocean does not charge any fees, and for every order executed through its platform Both give rebates.
The competitive advantage of Black Ocean is that it provides unlimited API calls-a feature currently not provided by any crypto exchange. Even better, all-weather uptime is guaranteed by 100% redundancy.
Andrei Grachev, CEO of Black Sea, said:
"We charge a small fee to institutional clients-our difference is that we don't make money through spread. Black Ocean is determined to provide the best execution price on the market. The free platform may seem attractive, but transactions are $1 million per day It may mean that you lose 3.5 million U.S. dollars from the price difference each year. In contrast, a cost-transparent platform can cut these costs all the way to 200,000 U.S. dollars a year. It is obvious what you will choose."
A new token
VRM created the FLy token, providing customers with an opportunity to unleash additional benefits from its ecosystem-creating long-term relationships and helping to build a strong society of institutions and retail partners.
Holders of FLy tokens can get a range of benefits, including fee discounts and access to liquidity pools. VRM said that tokens are an important part of its business. This is the beginning of an ERC-20 token-the company will explore the transfer of part of the token supply to different blockchain networks in the future.
Black Ocean said that it is a service for traders and a service provided by traders-due to the uneven distribution of liquidity and services in various services around the world, people now obviously need a complete prime service experience. The test network for this project was successfully launched on March 1.
About VRM
VRM is a self-operated high-frequency trading company with no external investors. In 2020, the company will expand its business into several new areas-providing venture capital for talented quantitative analysts and trading teams, providing specialized funds for third-party investors, and providing services with appropriate infrastructure for miners.
Website: https://vrm.trade
FLy token details: https://fly.vrm.trade
Twitter: https://twitter.com/FrankLinYield
Telegram Global: https://t.me/fly_global