Chain Acquires European Encryption Provider and Launches Chain Prime Trading System

02/21/2023 22:25 • AI & Tech Insights • 122 views

It is reported that Chain, the blockchain infrastructure, announced the acquisition of a licensed European encryption provider, which has become a new entity Chain Europe UAB. After this new acquisition, Chain launched Chain Prime, an automatic over-the-counter (OTC) trading system designed to enable customers to obtain deep liquidity through Chain Engine. Chain Prime aims to aggregate centralized order books from top exchanges to provide users with the best execution rate.

Chain announced the acquisition of European licensed cryptocurrency companies and launched Chain Prime

Interpretation of the news:

Blockchain technology has been gaining traction for years due to its decentralized nature and potential to revolutionize various industries, such as finance, healthcare, and real estate. One of the key players in the blockchain industry is Chain, a company that aims to provide blockchain infrastructure for enterprises and financial institutions.

Recently, Chain has made a strategic move by acquiring a licensed European encryption provider, which has allowed the company to establish a new entity, Chain Europe UAB. This acquisition has enabled Chain to expand its offerings and enhance its security measures, ensuring that its customers can leverage blockchain technology securely and efficiently.

Furthermore, Chain has launched a new automatic over-the-counter (OTC) trading system called Chain Prime, which is designed to enable its customers to obtain deep liquidity through the use of Chain Engine. The system aims to aggregate centralized order books from top exchanges to provide users with the best execution rate.

Chain Prime is a significant development, as it addresses one of the most significant challenges faced by cryptocurrency traders and investors: liquidity. The cryptocurrency market is notoriously volatile and illiquid, which makes it challenging for traders to execute trades quickly and efficiently. This can result in missed opportunities or even significant losses.

Chain Prime aims to solve this problem by providing its customers with access to deep liquidity, which in turn enables them to trade more efficiently and with greater confidence. By aggregating order books from top exchanges, the system ensures that customers can access the best prices and execution rates, resulting in a more seamless trading experience.

In conclusion, Chain’s acquisition of a licensed European encryption provider and the launch of Chain Prime are significant developments in the blockchain industry. These moves demonstrate Chain’s commitment to providing its customers with the best infrastructure and security measures, as well as its efforts to address the liquidity challenges faced by cryptocurrency traders. With the launch of Chain Prime, the company is well-positioned to support the continued growth and adoption of cryptocurrency trading.

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