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SINGAPORE, 10 June 2019 – Sparrow, the Singapore-based choices buying and selling platform has launched its revolutionary platform which empowers establishments and people to commerce choices which can be settled by good contract. Sparrow presents a easy and safe approach for merchants to regulate threat within the unstable digital asset market and monetize their belongings.
With its full-featured and highly-liquid choices buying and selling platform, Sparrow goals to carry skilled buying and selling instruments to everybody. Users can commerce personalized European choices with no counterparty threat, and immediately convert over 25 buying and selling pairs at zero price with Sparrow’s ConvertNOW Facility.
Kenneth Yeo, CEO of Sparrow mentioned “We understand the challenges all traders face while trading digital assets. Options used to be an instrument only professionals could use. With the launch of Sparrow, everyone can use options. We built Sparrow to make trading options simple, secure and accessible.”
In simply three easy steps, customers can begin buying and selling with Sparrow’s possibility merchandise – TradeBOOST and TradePROTECT. Sparrow additionally gives high-performance buying and selling instruments and hedging options for skilled and institutional merchants by way of a worldwide liquidity e-book, buying and selling APIs, and a full choices order e-book.
Sparrow Options are settled on Ethereum good contracts and deployed onto a Proof of Authority chain referred to as Nidus.Through a hybrid off-chain on-chain method, merchants get pleasure from a seamless buying and selling expertise with a responsive and up to date order e-book, coupled with clear and automated settlement of digital belongings choices.
Kenneth added, “Sparrow has managed to transform a traditionally complex and illiquid trading instrument, bringing options trading to the mass market. Sparrow Options are more liquid than OTC options and more customizable than standardized contracts, enabling traders to enjoy the best of both worlds.”
To serve a various ecosystem, the Sparrow Dollar (SP$) is used because the settlement foreign money of the Sparrow platform. The Sparrow Dollar aggregates demand throughout numerous tokens, enabling better liquidity for every possibility pair, thus permitting merchants to settle contracts extra simply with a generally denominated settlement foreign money. Sparrow Dollars might be obtained from the ConvertNOW Facility on the Sparrow platform.
Sparrow expenses a transaction charge of 0.1 p.c of the contract notional worth payable in Bitcoin, Ethereum or Sparrow Tokens (SPO). Users can get pleasure from a 50 p.c low cost on transaction charges in the event that they pay utilizing Sparrow Tokens (SPO).
We care deeply concerning the safety of our customers and their belongings. We have partnered with BitGo, one of the vital respected and trusted custodians within the digital asset house to make sure that our customers’ belongings are stored safe.
“Sparrow would like to thank our valued partners and communities for their unwavering support. We look forward to introducing more innovative products and services to the digital assets market that enable everyone to trade with confidence.”
Sparrow | www.sparrowexchange.com is the main choices buying and selling platform, offering the only solution to management threat and monetize your digital belongings. Trade with confidence on the world’s greatest choices buying and selling platform powered by good contracts.
Headquartered in Singapore, Sparrow presents fully-customizable choices settled by good contract in an intuitive and easy-to-use buying and selling interface. Professional merchants can even be capable of use Sparrow APIs for optimum efficiency. Sparrow goals to serve the wants of all merchants by offering a variety of industry-leading buying and selling instruments.
Sparrow is backed by famend organizations resembling: Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital who firmly consider within the mission and have dedicated to make use of Sparrow as their most well-liked hedging associate.
Join us on Telegram:https://t.me/SparrowExchange
Sparrow welcomes interview alternatives – be happy to drop us an electronic mail should you’re !
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