From the title it became clear that Blockchain started its first exchange platform. Blockchain, known as a custodial exchange namely PIT, has the ability to connect non-custodial blockchain wallets for quick transfer. There is inclusion of up to 26 assets for being traded. It is assumed that it created approximately 40 million wallets. PIT might be hold on to fascinate more liquidity compared to competitors.
Their intension is to co-locate data center servers with you and also want to connect to your machine engine without any obstacle. Fact is that measurement of speed will be done in microsecond. Hence there was confusion that the theoretical speed will remain constant under real pressures. Only after testing with ‘’real-world trading volumes’’, the system can prove itself.
On the road map there are bitcoin software update SegWit and prioritized diverse token offering. They know what phase tokens they are going to select statement of Sherrod, Blockchain’s head of retail product, but which twos he didn’t mention. Binance and Coinbase, which was a wallet provider and broker but now it turned into a Silicon Valley’s iconic unicorn exchange, offers more assets but now to see how much effective the competition will be.
They keep faith in them because a new customer support team became the second-largest division of the company. Because of the speed fact, PIT can be a good competitor to mainstream exchanges. The expansion of the exchange heavily relies on transaction fees, heavy regulatory costs etc. Blockchain is applying for new licenses in various jurisdictions as required for running its operation.