Popular crypto custody wallet Blockchain.com has announced the launch of its own cryptocurrency exchange, called The PIT.
The PIT is an institutional-grade crypto trading platform that is expected to redefine the terms of speed, reliability, and liquidity.
According to the official announcement, the exchange will be so fast, it will manage matching algorithms with microseconds, not milliseconds. The exchange was reportedly developed by veterans from NYSE, TD Ameritrade, Google, Goldman Sachs, UBS, Interactive Brokers, and Revolut.
It is also expected traders will have access to actionable liquidity for 26 trading pairs of fiat-to-crypto and crypto-to-crypto.
Earlier iHodl reported that a blockchain-based secure identity ecosystem Civic in partnership with BitGo presented a privacy-focused digital wallet.
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