Cryptocurrency Investors Wade Into Dark Pools!!!!!!!!!

Republic Protocol, a Singapore-based company, raised 35,000 ethereum ($33.8 million) this month from some of the world’s biggest cryptocurrency hedge funds to finance a dark pool for digital currencies, designed to allow big investors to trade bitcoin and ethereum in large volumes without moving the market.

The protocol’s launch, expected in the third quarter, should help boost cryptocurrency trading volume, said Taiyang Zhang, the company’s 21-year old chief executive from Canberra, Australia. Republic believes that cryptocurrency dark pools could capture some $9 billion of total cryptocurrency trading monthly.

What a dark pool can do is temporarily conceal the identity and order details of a trade, allowing big institutional investors to buy or sell large quantities of an asset without tipping off the wider market to their intentions.

Some cryptocurrency exchanges, including Kraken, own their own dark pools. Bitfinex last week announced plans to launch a similar product to Republic Protocol’s!!!!!!!!!!!!!!!!??????????