BROOKLYN, N.Y., Aug. 16, 2018 /PRNewswire/ -- Today, The
Ocean, an institutional-grade decentralized Ethereum and ERC20
token trading platform, opened to the public for live trading.
Decentralized exchanges never take custody of traders' assets,
unlike centralized cryptocurrency or traditional financial asset
exchanges. This means assets can never be frozen or stolen,
financial flows do not need to rely on inefficient middlemen, and
there is no longer any risk of a Lehman Brothers collapse turning
into a financial catastrophe. Bitcoin and blockchain technology
promised to achieve this vision, but to date, it remains
unrealized. According to The Ocean team, their product makes that
brighter financial future a reality, thanks to superior technology,
early regulatory adoption, and insight into the minds of both
retail and institutional traders.
"The non-custodial exchange concept is a natural extension of
cryptocurrency and blockchains, but due to a variety of
technological and regulatory challenges, no one has successfully
built the right platform – until now," said John Piotrowski, a former Goldman Sachs Vice
President who is now co-founder and CEO of The Ocean. "We've taken
the approach to build a properly regulated, high performance,
institutional grade platform that replicates the centralized
trading experience and offers the full suite of services traders of
all types expect, but in a no-risk way."
At launch, The Ocean offers:
- 11 token pairs available for trading
- Deep liquidity with several market making partners
- Best-in-class low latency execution, as measured by independent
third parties
- Fiat to crypto conversion with TrueUSD
Piotrowski continued, "We think the most successful companies in
the cryptocurrency space will be those who build the right bridges
to a decentralized financial future, and that eliminate unnecessary
cost, time, and risk. We're working actively with with regulators,
institutions, and the blockchain community to become a regulated
financial exchange that lists all types of cryptocurrencies and
tokenized financial products. Although this process will take time,
we're excited to announce our offerings and partners in the coming
weeks and months."
About The Ocean: The Ocean is a decentralized
(non-custodial) Ethereum and ERC20 token trading platform. Unlike
centralized cryptocurrency, stock, or other asset exchanges, The
Ocean never takes possession of anything traded on its platform.
Instead, users trade directly with each other, wallet to wallet,
and all trades settle directly on the Ethereum blockchain.
Monica
Santos
The
Ocean
646-301-9596
monica@theocean.trade
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SOURCE The Ocean