2018 New Model for Development of Virtual Digital Assets Blockchain Trading System
Development of virtual digital asset blockchain trading system [138-2655 -7202]
1. Definition of
digital asset exchange The main venue for asset transaction circulation and price determination.
Compared with traditional stock exchanges, digital asset exchanges also play the roles of market makers and investment banks in addition to matching transactions. The role of the market maker of the exchange can increase the liquidity of the market, and the exchange earns the trading spread from it. The investment bank role of the exchange provides services such as issuance and underwriting for digital assets, from which the exchange collects listing fees, or collects deposits in the form of exchange community votes.
The business model
of digital asset exchanges 1. Profit model of digital asset exchanges
Digital asset exchanges mainly make profits by charging transaction fees, project listing fees, and earning price differences from the digital asset market maker business.
Many digital asset exchanges also issue platform tokens as a means of financing and as a token of the exchange’s community ecology. According to incomplete statistics, more than 20 exchanges have issued platform tokens, including Binance’s BNB, Huobi’s HT, and OKEx. OKB of KuCoin, KCS of KuCoin, DEW of Dew, etc.
Essential resources for digital asset exchange development
From perspective of users, an excellent digital asset exchange should have at least the following conditions:
(1) High security: capital security and information security;
(2) Good platform liquidity: Transaction volume and transaction depth;
(3) Low transaction fees;
(4) Fast transaction speed and good user experience; (
5) There are enough trading pairs; (7) Support a variety of derivatives;
( 8) Provide API interface.
Therefore, the element resources of digital asset exchanges are reflected in platform security, user experience, traffic, capital reserves, technical capabilities, and financial productization capabilities. From the perspective of government regulation, licenses and qualifications are also a major factor in the normal operation of exchanges. The digital asset exchange system development and
trading platform is the most important link in the digital asset benefit chain. It connects the primary and secondary markets of blockchain investment, as well as project parties and ordinary investors. After the domestic trading platform was cleaned up and rectified in September 2017, the digital asset trading system was in a downturn. Since then, in order to continue to carry out trading business, each platform has adopted methods such as going overseas and conducting over-the-counter transactions, which has greatly accelerated the development speed.