The Distributed Trading Network: Changing The Cryptocurrency Exchange Landscape

BlockTribune published an article by Apifiny CEO, Haohan Xu, explaining how the global cryptocurrency trading market is seeing a significant evolution today: “The ‘Distributed Trading Network’ (DTN), with centralized exchanges as nodes, represents the next wave.”

“In late 2019, Fidelity Digital Assets obtained a limited liability trust company charter from the New York Department of Financial Services (NYDFS), clearing the way for an expanded presence of its digital asset custody and trading services in New York. Will Goldman Sachs, Morgan Stanley, and other major Wall Street players make the same move? The question of whether cryptocurrency exchanges will increase in number has come to the forefront as more traditional financial institutions enter the crypto exchange sector.

“Cryptocurrency exchanges can be highly profitable businesses, which is why they’re drawing a crowd: There are already more than 10,000 exchanges worldwide. But despite this market’s steady growth, many issues remain unresolved.”

Highlights of this article include:

  • Why the global cryptocurrency trading market has become increasingly fragmented 
  • An explanation of the DTN concept
  • How Apifiny’s model of the DTN aspires to forge a unified cryptocurrency trading market, achieve better crypto-to-crypto and crypto-to-fiat price discovery, and enable customers to access compliant, regulated trading
  • How the DTN is a decentralized exchange
  • The importance of instant cross-exchange transfers
  • The ability of the DTN to remove barriers to liquidity, helping digital asset traders to benefit from global liquidity and improved pricing  
  • The next stages in the evolution of the cryptocurrency trading industry


Read Haohan’s full Blocktribune article

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