Traders Around the World Now Have Access to the Blockchain Board of Derivatives (BBOD) Which Is the Globe’s First Hybrid Cryptocurrency Trading Platform
Traders all over the world now have access to the Blockchain Board of Derivatives (BBOD), which happens to be the first of its kind as a hybrid cryptocurrency trading platform. It launched in the month of August, in partnership with GMEX Fusion Technology Suite.
GMEX Fusion is an integrated, centralized and distribution solution which is unique and combines the latest Blockchain technology along with established GMEX centralized technology.
Initially, BBOD’s CTO and co-founder Chris Urbanowicz pitched his version of creating a hybrid cryptocurrency trading platform to potential investors about eight years ago, to only be snubbed. But today, post the launch of BBOD, the trading community has nicknamed him “tech wizard”.
Urbanowicz devoted his entire professional and academic career towards quantitative trading and economics but had the dire will to switch streams and create something unusual. Though the process took sufficient time, he came across other like-minded economists who agreed with and understood the same vision. After sufficient years of planning and discussion, Urbanowicz and his team finally launched the world’s first hybrid cryptocurrency trading platform.
This launch also marks the launch of a new era of trading—the hybrid approach. The Blockchain Board of Derivatives hybrid trading cryptocurrency platform is the force combining centralization speed coupled with the security of decentralization.
How Does the BBOD System Function?
Urbanowicz designed the BBOD system to have a unique custody solution so that all the traders can keep a control of their funds, thus being labeled as a smart contract wallet system. While utilizing this system, each trader can create their own wallet specifically for trading purposes on BBOD. After that, the platform connects these smart contract wallets to its own high-speed centralizing engine based on the GMEX Fusion Technology Suite. The GMEX Fusion processes 1,250,000 orders each second with the average latency of 75 microseconds. This process allows traders to be in control of their funds without experiencing lags or any delays which may be associated with other platforms which are entirely decentralized.
The Blockchain Board of Derivatives has offered a variety of leveraged peer-to-peer contracts including trading of Ethereum, Ripple, and Bitcoin. Apart from those, options also include;
- Ethereum-Dollar Perpetual
- Ethereum-Dollar Futures
- Ripple-Ethereum Futures
- Bitcoin-Ethereum Futures
The BBD Token is a coin issued by the BBOD and runs exclusively on the Ethereum Blockchain Platform coupled with ERC-20 tokens. The BBD token is the native currency of the trading BBOD platform. So here, the native coin allows traders to save up to 20% in fees. The security of a decentralized custody coupled with the advantageous elements of leveraged trading proceeds to give traders of the Blockchain Board of Derivatives an opportunity of maximizing profit while minimizing loss.
Hirander Misra, CEO of GMEX Fusion Technology Suite commented, “We are delighted that BBOD are now live with our latest GMEX Fusion Technology Suite encompassing an exchange trading platform, with full crypto asset support and Blockchain integration, to trade Ethereum based derivatives with a combination of ultra-fast order matching, security of funds and full facilitation of margin trading. We are looking forward to continuing our work with BBOD to continue to enhance their unique cryptocurrency derivatives Exchange.”
Urbanowicz commented, “I am so filled with happiness and gratitude for everybody who worked with me to develop this trading platform. In 2011, nobody believed in my vision. Now, people all over the world trade on BBOD. It started as a dream, and it grew into a global movement. As we reflect on the past and move forward into the future, the team and I have made it our personal mission to continuously develop the platform. We’re constantly testing it, improving it, and looking for new ways to make it better each day. This is our journey. Through bold innovation and relentless perseverance, BBOD will continue to flourish as a platform, a team, and a community.”
BBOD’s pioneering vision of combining leveraged trading, decentralized custody along with high-speed marks a new day in the age of cryptocurrency trading. Moreover, it also proves that along with the right team, focus and increasing amounts of hard work—anything is possible.