Loop, a newly launched project in the blockchain and cryptocurrency space, recently announced some of its integrated blockchain values and aspirations to bag a reputation of developing first-class crypto exchanges that are well secured and trusted.
Aqib Arain, the founder of this unique project, publicly announced some of the innovative approaches they intend to take to ensure that their intention to improve the lives of the blockchain community is brought to fruition.
Since their launch, they’ve made a lot of waves through their outstanding auto-compounding and auto-staking protocol that provides the ultimate ease of use for $LOOP holders. However, their mission is to develop global crypto exchange platforms that offer an improved experience of digital asset exchange. Aqib also noted that the project’s team had put extended efforts into investigating the fallbacks of existing crypto exchange platforms and analyzed their findings to provide credible solutions to enhance interactions between users and exchange platforms.
Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies without needing an external subject. They are necessary for cryptocurrencies to be traded at their current scale. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products. Crypto exchange services play a vital role in the growth and development of other sectors, and it assures secured transactions compared to other means of exchange.
One of the things crypto traders note before registering with an exchange is security, which is how well they can protect their investment. And this is achieved by the set up of security verification services which are of different layers such as protected libraries and frameworks, two-factor authentication using Google passcode, KYC and AML submission request, and others. Putting all these systems in place is to deter potential hackers. Even so, Loop developers are creating state-of-the-art exchange techniques to upgrade their security protocols and combat newly-developing cyber threats.
Loop’s marketing officer said: “We will develop a Decentralized Exchange (DEX) that serves greater purposes than the existing ones. The DEX will be the biggest platform, where all digital assets are exchanged.”
The CEO/Founder of Loop publicly announced their ambition to develop crypto exchanges with security layers and will be positioned among the leading platforms globally.
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