Enclave Markets announced the launch of a service that allows participants to trade blocks of digital assets at the given market price without any information leakage or market impact.
Enclave Cross provides approved participants the ability to execute block trades in a fully private and secure manner.
It has started early-stage production testing with select institutional trading firms and prime brokers including Hidden Road Partners, LedgerPrime, Republic Crypto, Fir Tree Partners, Scrypt, FBG Capital, and Blizzard Fund, among others.
"The existing structure of both centralized and decentralized institutional-grade crypto exchanges don't allow institutions to take full advantage of what crypto has to offer. One of the founding principles of crypto was the concept of leveling the playing field and creating trading markets that are optimized for fairness," said David Wells, CEO of Enclave Markets. "On Enclave Cross, no one, not even a system administrator, knows the amount of open interest before trades are executed. At Enclave Markets, we give our users the ability to maximize these advantages - all within a fully compliant network."
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