Vaurum: ‘Plug and Play’ Bitcoin Exchange In Pipeline…
Varum is described as a white label “plugin” trading platform and is big news since it will allow an easier solution for traders and investors to execute high volume transactions and allow for easy integration with existing platforms which is good news for Bitcoin. If this platform can is picked up by major hedge funds and exchanges then that can only be good news.
California-based Vaurum, a company that offers financial institutions a way to trade and store bitcoins, has raised $4m in venture capital. Plug and trade model Vaurums software can be described as a bitcoin exchange plugged into existing financial trading platforms already used by investors a servicesometimes known as a white-label exchange. Vaurum builds the bitcoin exchange software, but it is often branded as, and part of, a larger product that traders and investors have funds in.
Vaurum builds the bitcoin exchange software, but it is often branded as, and part of, a larger product that traders and investors have funds in. High trading volume is a major feature of Vaurum’s platform, according to Bhama, who explained:
“Our trading engine was built for high-frequency trade execution and is set up to process hundreds of thousands of transactions per currency-pair per second.”
Vaurum’s white-label approach, which quietly plugs into other platforms, is also reminiscent of bitcoin trading platform Buttercoin, which is backed by Google Ventures, and Bex.io, which raised $525,000 in funding at the end of 2013.
Article Via Coindesk.com
Investor image via Shutterstock
Loading tweets...