BlockchainTrade.Market™ - AirSwap does not manage, or ever touch, user funds

blockchaintrade (25)in #cryptocurrency • 7 years ago

AirSwap is one of several startups aiming to bridge the gap between what investors expect in terms of financial market infrastructure and the Wild West nature of cryptocurrency trading where basic oversight is absent. It joins firms like Omega One, an agency brokerage for asset managers and institutional investors who want to own bitcoin and ether, and LedgerX, which won regulatory approval in July to offer bitcoin options trading. AirSwap isn’t the first exchange, either. EtherDelta.com currently offers blockchain-based trading for dozens of cryptocurrencies.

Autonomous trading platforms aren’t without the risk of being breached, as was shown by a recent attack on EtherDelta. A malicious coin was offered on the system that tricked several EtherDelta users into revealing their private keys, allowing the attacker to steal the cryptocurrencies in those users’ wallets, said Zack Coburn, founder of EtherDelta. The attack was first reported in The Merkle.

#ethereum #finance #trading #blockchain

7 years ago in #cryptocurrency by blockchaintrade (25)

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