As time goes on the crypto markets are maturing. Ten years ago it was hard to even buy Bitcoin. Today there are hundreds of different exchanges fighting for the top spot, each one providing different features and promotions for their users.
2017 was the year that attention was really drawn to cryptocurrency from two distinct groups – investors and traders. Investors were drawn in by the opportunity to earn huge returns on mysterious digital assets, which was previously shown possibly by famous price runs from currencies like XRP and Antshares.
Traders weren’t just interested in the possibilities of large price rises though. They were drawn in by the volatility. To real traders, the way the price moves doesn’t really matter. What matters is the ability to be able to catch the move, the severity of the moves and the frequency of the moves.
Cryptocurrency can be extremely volatile, which offers keen traders the large, frequent price moves that they are after. If they are able to trade successfully, there’s a possibility of making a killing.
But it can be hard for traders to be able to catch the moves. The problems start when traders get into cryptocurrency and realize that the markets aren’t as developed as normal markets. Siloed liquidity across loads of exchanges combined with different and confusing user interfaces makes it a daunting task for seasoned traders to step into the crypto world.
That’s why LCX built their terminal – a tool that puts everything a trader needs in one place so they can play the cryptocurrency markets in a whole new way. Here’s an introduction to the LCX terminal, and then an overview of how it can benefit traders by solving numerous pain points.
The LCX Terminal
The LCX Terminal is essentially a battlestation for cryptocurrency traders. It combines multiple important things into one interface to make trading simple, easy and effective. There are 16 exchanges you can connect to which are then all accessible within the interface, meaning you can trade across 16 top tier exchanges and across more than 5,000 trading pairs with the Terminal finding the best price and liquidity conditions to meet the needs of each individual trade.
The Terminal also aggregates real-time data from numerous sources to keep you as informed as possible. We all know that market news, price alerts and analytics are vital parts of a traders success and now with the LCX terminal crypto traders can see everything they need within one solution.
LCX Terminal also features a smart order routing system, called LCX Smart Order. Advanced algorithms compare prices across crypto exchanges in real-time and execute trades at the best price. Smart order is already available in LCX’s free plan and offers an automated smart order routing system for cryptocurrency trading.
Currently LCX is implementing social signals in a partnership with LunarCrush. This way traders have access to social media analysis and social media sentiment directly at LCX Terminal.
Finally, the Terminal has a built-in analytics function which empowers traders to analyze their performance, providing them the opportunity to identify strengths and weaknesses and adjust their strategy to become more effective on the fly.
Here are a few of the qualities that LCX boasts to give traders the best place possible to trade.
Top tier security
LCX has a special system in place to offer resilience to hacks and theft. Furthermore, there are additional safeguards in place, in the form of the Legal Entity Identifier and the International Token Identification Number (ITIN). These two things make it so every digital asset stored with LCX has a unique security stamp, making it easier to track their use by both users and stakeholders. Also, transactions are immutable enabling protection against fraudulent activities and external threats.
To traders time is everything. The faster they can get their trade on the books, the more effective they can be. They demand low latency and fast transactions.
LCX offers its users a solution that speeds up the management and transfer of assets. Furthermore, since there are no third parties involved transactions are directly involved while maintaining anonymity, raising the trust and lowering the costs.
Cryptocurrency traders know how important regulation is – yet it can be a touchy subject in this space. Not for LCX though.
LCX puts regulatory compliance and transparency first. Following the Blockchain Act implemented in 2020, LCX provides user rights to its customers, including contractual, securities, bankruptcy, consumer, and investors regulations. Therefore, LCX assures customers of credibility in their digital asset ownership and avoidance of illegal involvements.
Reliable information feeds
In cryptocurrency, unfortunately false news is all too common. If you get swayed by it you could make the wrong trading decision.
The LCX Terminal provides users with real-time information on what’s happening in the crypto world. The Terminal caters the feed to your needs, providing reliable information that is as technical as your understanding allows.
LCX aims to use their terminal to help their users avoid the fake news plaguing the cryptocurrency industry by instead providing them with a feed of real, insightful news and information.
The Daily Chain
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.