BlockStream, Sevenlabs Launch Decentralized Bitcoin Exchange – Bitcoin Magazine

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  • Blockstream, Sevenlabs partnered with Poseidon Group to launch a decentralized exchange for bitcoin and security assets.
  • The exchange, XDEX, is being built on the open source protocol TDEX and will operate 24/7.
  • The app is expected to launch on IOS and Android in Q4 2022.

Blockstream and Sevenlabs, bitcoin infrastructure service providers, have partnered with Poseidon Group to launch the first decentralized security token exchange for Bitcoin in Switzerland, per a press release sent to Bitcoin Magazine.

The exchange, XDEX, will support assets within the Bitcoin ecosystem and allow peer-to-peer trading, effectively removing intermediaries from the transaction.

“The use of P2P infrastructure by current financial markets is inevitable,” said Lars Schlichting, XDEX general counsel.

“XDEX’s launch is a milestone during this transition to a more decentralized financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve,” Schlichting continued.

Blockstream will provide access to the Liquid Network, a layer-two application used to scale Bitcoin, enabling the trading of assets such as; bitcoin, Euro and Swiss Franc stablecoins, and other Liquid-based assets. Upon launch, which is expected to be Q4 2022, users will be able to trade Blockstream Mining Notes and the Infinite Fleet equity token.



Source link Bitcoin Magazine

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