Matrix Exchange is a regulated cryptocurrency exchange that focuses on serving professional and institutional investors. They are regulated by FSRA of ADGM and have licenses for a multilateral trading facility and custodial services. Matrix Exchange was the first to launch under the crypto-specific regulatory framework introduced by ADGM in 2018. They offer spot trading for six major cryptocurrencies and are in the process of adding 30 more assets. Matrix Exchange also plans to introduce derivatives, futures, and options trading in the future. They prioritize security and liquidity, working with professional market makers to provide quality liquidity. They also offer block trading for larger volume trades.
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Introducing Matrix Exchange: A Regulated Cryptocurrency Exchange
By Ashton Addison
A Changing Regulatory Landscape for Cryptocurrency Exchanges
As the world of cryptocurrency continues to evolve, so does the regulatory environment surrounding it. Different countries are implementing their own regulations for centralized and decentralized exchanges, creating a rapidly changing landscape. In this article, we will explore the regulatory framework and discuss how it affects the industry.
Interview with Vasya Zuppin, President of Matrix Exchange
Today, on Blockchain Interviews, we have a special guest – Vasya Zuppin, President of Matrix Exchange. He will provide insights into the cryptocurrency exchange’s operations and shed light on their unique approach to the market.
Matrix Exchange: A Brief Overview
Before diving into the details, Vasya gives us a high-level overview of Matrix Exchange. As he mentions, Matrix Exchange is a regulated cryptocurrency exchange, targeting professional and institutional clients. In 2018, they became the first exchange to be launched under the crypto-specific regulatory framework introduced by FSRA of ADGM. This regulation ensures a secured and controlled environment for traders.
Adding New Products with a Rigorous Process
Matrix Exchange aims to offer a wide range of products to its customers. While currently offering spot trading, they are also working on adding derivatives, futures, and options. However, introducing new products in a regulated environment involves a rigorous process. The regulator sets criteria that need to be addressed, and independent third-party verification is required to ensure transparency and safety for users.
The Importance of Security and Safety
Vasya emphasizes that the stringent regulatory process contributes to the security and safety of customers. Unlike unregulated exchanges, where the market can be controlled at any time, Matrix Exchange provides a controlled environment where users can trust the authenticity of trading volumes and the reliability of the platform.
Expanding Product Offerings on Matrix Exchange
The current product offerings on Matrix Exchange include popular cryptocurrencies like Bitcoin, Litecoin, and XRP. However, the exchange plans to introduce more products in the future. Additionally, they are working on launching an RFQ (Request for Quote) product for over-the-counter (OTC) trading. This will allow customers to trade in larger volumes efficiently and securely by connecting with prominent liquidity providers.
Quality Liquidity over High Volumes
When it comes to spot trading, volume is an important factor. However, Vasya highlights that volume alone doesn’t determine liquidity quality. Instead, it’s essential to analyze the structure of the order book and the presence of professional market makers. Matrix Exchange ensures that liquidity depth and quality are maintained by partnering with market makers and continually expanding their network.
Conclusion
Matrix Exchange offers a regulated and secure environment for professional and institutional traders. With their focus on transparency and compliance with regulatory frameworks, Matrix Exchange provides a trustworthy platform for individuals looking to invest in cryptocurrencies. As the industry continues to evolve, Matrix Exchange is working to expand its product offerings and provide innovative solutions for its clients.
