IC Exchange will be integrated securely with the IC Wallet, IC Brokerage and IC Digital Bank through a user-friendly platform, a full fledge cryptocurrency exchange. The exchange will be listing major coins and newly issued ICOs to provide a complete diversified coin spectrum for market participants.
The coins will be listed against other cryptos, fiat currencies and traditional financial instruments such as ETFs, and commodities. By incorporating the IC Exchange with the other components, investors are able to take a new route in terms of trading their cryptocurrencies and diversifying their portfolios.
The IC Exchange will approve several software solutions from other platform providers and exchanges that can be used for trading. The trade at any online electronic exchange platform happens when the best buy order (order with highest bid price) is matched with the best sell order (order with lowest ask price) on price-time priority basis.
IC Exchange will have a full order book directly connected with major crypto exchanges and global markets. The full order book provides the necessary liquidity to instantly buy and sell crypto pairs with the tightest spreads, which ensures significant volume of transactions from day one. Liquidity will be ensured by linking exchange books under the IC Exchange umbrella.
Meanwhile, the IC Brokerage’s order book will be linked to the actual traditional exchanges such as CME, NASDAQ and others in order to insure execution at the most efficient price without any additional cost by intermediaries. For the delivery of an order in terms of crypto versus traditional assets, the seller will transfer value of the crypto to the buyer’s wallet, and the buyer will transfer value of fiat to the seller’s IC Digital Bank account.
Simultaneously as the order is matched and delivered to the users, the seller’s IC Brokerage account reflects the new fiat value available in the IC Digital Bank account, then the system completes the order by purchasing the user’s choice of traditional asset. In the latter scenario, the active components delivering the order are the IC Wallet, IC Digital Bank, IC Brokerage and the IC Exchange, using the order matching system to connect the buyer and seller together, reads and facilitates the type of transaction and its implications in the Ecosystem.
INGOT will use the Distributed Ledger Platform Asset Issuance Module which will provide its Ecosystem participants with an environment to list their newly issued coins and pair them against fiat and other available cryptocurrencies.
For more info visit :
https://www.ingotcoin.io/
