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August 06, 2015, 01:31:18 AM |
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Hi! I want to get a couple of things out of this. 1. Are you interested in working on this? 2. General thoughts.
There is a lot of financial infrastructure and more sophisticated avenues of trading that can enter the Bitcoin market than just traditional spot trading, or OkCoin's "futures" with leverage. This brings me to alternative trading type of systems.
I think there can be a use for a dark pool, catering to "whales" who may want better prices, while allowing their trades to be executed faster, filled quicker, and without creating a ripple in the market. And of course, not exposing their selves.
How would this start: - Initially this would need to be strictly contractual based. The dark pool would match people with the trade orders (agreements) in mind already. Eventually after generating revenue (if this happens) there can be some of the dark pools money to be offered to satisfy customers. - Another option can be to do a deal with a major exchange for liquidity and clever marketing. - This can be good for people on btcjam who act as brokers.
The dark pool can attract legitimate bot users as it does in the current traditional markets, not only whales swing trading.
I see this working for the large coins that have big players such as: LTC, DOGE, DASH, BTCD, DRK, etc.
Of course as a grand vision, BTC to USD (or any FIAT currency) is ideal, but this requires other types of licensing that I am not prepared for.
I own domains such as btcdarkpool.com, bitswaps.com, cryptodarkpool.com, xbtdarkpool.com.
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