Step right up, crypto traders! Enclave Markets has just launched a brand new platform that’s sure to tickle your fancy. Say hello to Enclave Spot, the fully encrypted spot exchange that’s been causing a stir among institutional investors.
According to Enclave CEO David Wells, spot trading is an incredibly popular form of trading across the financial landscape, and the launch of Enclave Spot was simply the next logical step for the company.
What sets Enclave Spot apart from other exchanges, you might ask? Well, it’s hosted entirely within a secure enclave, a codebase that handles everything from custody to trade execution. This means that customer data is completely locked down and can’t be leaked, ensuring that everyone plays by the same rules.
As Wells put it, “The secure enclave environment is an important improvement from the existing exchange infrastructure, where information leakage enables preferential treatment for insiders.”
But that’s not all. Enclave Spot is also secured by a team of independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave. These folks oversee custody, review code updates, and make sure that no one has unilateral control over the platform.
And the icing on the cake? Enclave Spot is fully interoperable with Enclave Cross, the company’s previously launched trading platform that lets users trade blocks of digital assets off-chain. It’s kind of like dark pool trading, but for crypto.
Also Read: Coinbase Pushes Boundaries with Offshore Crypto-Derivatives Exchange
