BuyUcoin launches open trading engine for cryptocurrencies

Blockchain wallet company and cryptocurrency exchange platform BuyUcoin has launched a new trade engine 2.0 that will enable cryptocurrency enthusiasts to have a flawless trading experience with improved overall liquidity of Indian markets.

BuyUcoin Trade Engine 2.0 has the capability to execute transactions at a scale of 200 orders per second. The firm claims that it witnessed a sharp growth in its user base snowballing from 15,000 to 1,50,000 in a short span of 5 weeks in Q4 of 2017.

"Cryptocurrency industry has revolutionised the global economies including ours. Regulatory bodies worldwide are exploring the use cases of Blockchain technology to ensure financial equalities and economic freedom. The digital asset technology is estimated to give people more control over their personal finance and bring equanimity by promoting open and decentralised financial system”, said Shivam Thakral, Co Founder and CEO, BuyUcoin.

The company has long term plans to fully embrace and adopt the decentralised Web 3.0 in order to keep abreast with the dynamic cryptocurrency industry. BuyUcoin also plans to launch more cryptocurrencies in India which are currently not available to the consumers.

Recently many domestic corporates like Reliance, Axis Bank, Yes Bank, TCS and Infosys along with global organisations such as Microsoft, Chicago Mercantile Exchange, Expedia, Overstock, InTuiT, Alphabet Inc. have been publicly exploring the potential use-cases of Blockchain Technology. Influential proponents of Blockchain Technology include the likes of Peter Thiel, Jack Dorsey, Naval Ravikant, Richard Branson and Bill Gates.