The Distributed Trading Network: Changing The Cryptocurrency Exchange Landscape


April 3, 2020
Company, Market

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


Related articles.

8 November 2022

Apifiny Algo Featured at the Cornell Trading Competition

The Competition Deployed Apifiny Algo’s High Performance Library to Develop and Execute Trading Strategies

27 October 2022

Trading Perpetual Futures With Apifiny Connect

Perpetual futures trading is now available on Apifiny Connect. The addition provides Apifiny’s sophisticated institutional traders with hedging and risk management options for their crypto portfolio.

27 October 2022

Apifiny Connect to Support Perpetual Futures Trading with Binance

Apifiny, the multi-exchange crypto trading platform, announced today the launch of perpetual futures trading with Binance, available through Apifiny Connect. The move to broaden Ap…

7 September 2022

Apifiny Integrates Fireblocks

Apifiny announced its integration with the Fireblocks network, a leading digital asset transfer network for institutions. This integration now enables Apifiny users to have access to a simple and secure solution for settlements, by connecting with the Fireblocks Network.

28 July 2022

Apifiny® Releases Apifiny Algo V1.1 with Quant Library

Apifiny Algo V1.1 fully supports futures trading, paper trading through Binance testnet, and has added Coinbase as an additional exchange, along with the launch of its Quant Library that allows investors to implement trading strategies with its ready-to-use components in the library.

7 June 2022

Apifiny® Launches C++ Crypto Trading Library Adding Okcoin as First Official Partner

Apifiny, the global cross-exchange digital asset trading network, today announced the launch of Apifiny Algo, an advanced performance crypto trading library in C++ for High Frequency Trading (HFT) and latency sensitive traders.