There can never be enough competition among cryptocurrency exchanges. Although the number of decentralized exchanges will increase, Zodiac will be a centralized solution targeting the retail market.
ZODIAC EXCHANGE
The Invest.com team’s team at cryptocurrency trading It is quite interesting to see that he suddenly decides to enter his world. Launching the new Zodiac crypto exchange, the team wants to focus first and foremost on the retail market. The platform, although not yet publicly available, seems to hold a lot of promise for cryptocurrency traders.
According to its website, it will be a next-generation crypto exchange for the retail market. The team aims to address the problems existing centralized exchanges face in leveraging the growing market. It is an interesting approach that provides a scalable, compatible and accessible solution to mainstream retail investors.
The new trading platform will enhance the experience of the Invest.com team. However, they acknowledge that this venture will not succeed on its own, so they are partnering with the Bittrex team to build this infrastructure from the ground up. Given Bittrex’s reputation in the crypto world, this partnership makes a lot of sense.
At first, the Zodiac Exchange will focus on online marketing, membership, customer acquisition, customer service, compliance and security. Not all of these criteria will be easy to check, but experienced teams have some interesting options to join forces to research this.
It also appears that Zodiac will be cross-platform. This allows computer and mobile users to access it from day one. As of now, there is no official release date for Zodiac as this project is still in the very early stages of development.
As more people show interest in decentralized exchanges, it will be interesting to see what the future holds for Zodiac and other centralized platforms. Decentralized exchanges are not well-suited for use right now, although this is slowly changing.