Crypto Startup ThinkCoin, GMEX Partner On Blockchain Multi-Asset Exchange

Blockchain, Innovation | June 5, 2018 By:

Blockchain startup ThinkCoin  is collaborating with trading and post-trade technology vendor GMEX Group to explore on- and off-chain trading solutions.

ThinkCoin is the cryptocurrency fueling the new multi-asset trading network called TradeConnect. The network aims to decentralize and democratize trading by allowing individuals and institutions to trade directly with one another. With ThinkCoin, traders and investors will be able to trade everyday financial products, such as currencies (FX), equities, precious metals, commodities and cryptocurrencies, using a single cryptocurrency designed for exclusively for trading and investing.

Based in London, GMEX is offering consulting and technology services as well as derivatives exchanges. The group includes Forum Trading Solutions and GMEX Technologies. The company’s Fusion platform combines GMEX’s traditional centralized trading systems, which are currently live in multiple exchanges and post-trade venues, with the latest blockchain technology, offering the best of both worlds for exchanges, clearing-houses and other institutions.

ThinkCoin’s partnershipp with GMEX will enable the company to combine Fusion’s suite of capabilities with the TradeConnect network. The objective is to deliver options for both decentralized and centralized trading solutions, including central limit order book (CLOB) and request for quotation (RFQ) matching models, liquidity management, the ability to connect to third party crypto exchanges and a comprehensive set of market data options.

“The GMEX order execution API will be combined with TradeConnect’s matching model to create a sophisticated and agile trading solution representing the best of traditional centralized and blockchain-powered decentralized solutions,” ThinkCoin said. “This combination will significantly enhance liquidity within the trading network’s ecosystem, enabling the network to achieve scale far faster than any other blockchain trading solution.”

Hirander Misra, Chairman and CEO of GMEX Group, said that the ThinkCoin digital token and its associated TradeConnect network integrated with GMEX Fusion will provide traders with a diverse blockchain-based multi-asset trading and exchange ecosystem.

“This brings with it a substantial client footprint from the outset to ensure liquidity, which combined with the experience of the team has all the ingredients to make it a market leading proposition,” said Misra.