Sparkdex launches its decentralized exchange on the 30th of August, 2018, for cryptocurrency traders. Designed to protect traders, the Sparkdex decentralised exchange will be the first in Hong Kong to permit traders worldwide to own their funds and trade P2P. The exchange is made specifically for stablecoins, cryptocurrencies, and tokens.
Sparkdex does not require invasive documentation, impose transaction limits on withdrawals or deposits and 0.2% – 0% trading fees depending on asset traded. Cryptocurrency traders can expect high-performance trading with Sparkdex capable of handling the trading volume of the Nasdaq and trading speeds of 100,000 transactions a second.
Sparkdex is apart of Spark’s money transfer ecosystem built on the BitShares blockchain. The decentralised exchange will host the company’s incoming volume of stablecoins pegged to 180+ international currencies from its international product line of web and mobile application that has been serving businesses and consumers since 2014.
George Harrap, Co-founder, CEO of Spark said,
“Spark is proud to be debuting Sparkdex which enables traders to access the world’s largest, most active, most liquid and highest capacity exchange in the world.”
Maxine Ryan, Co-founder, COO of Spark stated,
“The Sparkdex is next generation trading available now. It’s the biggest advance in trading security from centralised risk since cryptocurrency exchanges went mainstream. We are excited to begin building Spark’s liquidity from our international markets directly on Spardex.”
Spark (2014), formally Bitspark, provides a bankless future for money transfers. Businesses and consumers can easily and competitively transfer money via stablecoins pegged to international currencies. Spark’s services require no bank account or knowledge of cryptocurrency making it friendly for the unbanked and de-risked businesses to access over seven countries across Africa and Asia.
The Hong Kong based company also conducted the world’s first money transfer using bitcoin. Spark aims to address the current problems in the industry in regards to security to inspire trust and allow users and business to trade cryptocurrencies with confidence.