Blockstream Partners with Sevenlabs and Poseidon Group to Launch Decentralized Bitcoin Exchange

Blockstream, Sevenlabs and Poseidon Group are cryptocurrency infrastructure providers. partnered to launch XDEX, Decentralized exchange According to Nasdaq, for bitcoin and securities assets in Switzerland

The exchange will enable peer-to–peer trading in the cryptocurrency ecosystem. It will include stablecoins and bitcoin-related assets like Liquid. Liquid is a second-tier app that extends bitcoin.

To trade euro, bitcoin and Swiss Franc stablecoins as well as other liquidity-based assets, users can access the Liquid Network.

XDEX is based on TDEX, an open-source protocol that provides 24/7 services.

Blockstream is a company that uses blockchain technology. It was founded by Adam Back. The company is located in Victoria, Canada. There are offices and staff around the globe.[1] The company provides a range products and services that allow for the storage and transmission of Bitcoin and digital assets.

Adam Back, Blockstream CEO, stated that

“By leveraging TDEX’s decentralized protocol, the Blockstream Asset Management Platform AMP and Liquid’s Confidential Transactions and speed, XDEX creates a full stack Bitcoin technology that is a blueprint to future securities exchanges. This will lead to further reformation of the traditional capital market and disintermediation.

Seven Labs, a specialist electronics distributor for South Africa and Sub-Saharan markets, is a systems integrator.

The app will launch on iOS and Android during the fourth quarter 2022.

The team is also expected to develop a Web3.0 platform for future digital assets.

Source: Shutterstock

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