Blockstream And Sevenlabs To Launch Decentralized Bitcoin Exchange
Decentralized Bitcoin Exchange - XDEX
By supporting assets from the Bitcoin ecosystem and enabling peer-to-peer trade, the exchange, called XDEX, will effectively cut out middlemen from the transaction. Lars Schlichting, XDEX general counsel said,
"The use of P2P infrastructure by current financial markets is inevitable,"
Access to the Liquid Network, a layer-two application used to scale Bitcoin, will be available through Blockstream, enabling the trade of assets like Bitcoin, Euro and Swiss Franc stablecoins, and other liquid-based assets. Users would be able to exchange Blockstream Mining Notes and the equity token Infinite Fleet whenever it launches, expected in Q4 2022.
Management Of Assets On The Liquid Network
The Blockstream AMP, which enables the management of programmable assets on the Liquid Network, will also be accessible through Blockstream. Additionally, because the joint venture is utilizing the TDEX open source protocol, which Sevenlabs will maintain, customers will be able to access XDEX continuously. Adam Back, CEO of Blockstream,
"By leveraging the Blockstream Asset Management Platform AMP, TDEX's decentralized protocol, and Liquid's Confidential Transactions and speed, XDEX forms a full stack of Bitcoin technology that is a blueprint for future securities exchanges and leads to the further reformation of the traditional capital markets and disintermediation,"
XDEX will first be available as mobile applications for Android and iOS, but the company later plans to create a web-based platform that will probably support additional assets.