- Standard Chartered joins forces with other banks to transform trade finance
- UniCredit launches workshop-based competition for Generation Z
- Industry to begin name checks on bank payments
- Finance industry set to launch Financial Sector Cyber Collaboration Centre
- SEC launches new Strategic Hub for Innovation and Financial Technology
- Denmark will see 5,000 new millionaires by 2022, says GlobalData
- RBS responds to the Gender Recognition Act Reform Consultation expired
- FAB recognised as Safest Bank in the Middle East for second consecutive year expired
- Banca Monte Dei Paschi Di Siena to incorporate Perimetro expired
- BNY Mellon reports mixed results for Q3 2018 expired
- Goldman Sachs reports highest year-to-date net revenues in eight years expired
- KeyCorp reports solid results for Q3 2018 expired
9th October 2018
World's first shared trading platform available for public beta test
The world's first shared trading platform, Exchain, has rolled out its public beta test. Exchain aims to build a transparent, open and mutually beneficial trading platform that is co-owned, shared and governed by the public and features shared benefits, monitoring and transaction transparency.
In order to better create a shared trading platform, Exchain comes with several features: the transaction is a form of investment in the platform; no transaction fees for the first three months; availability of partner programmes; and the ability to issues ICOs that will never be subject to listing fees. These features set up a scenario whereby both the project developer and the users of the exchange can participate in co-ownership, sharing and co-governance.
Exchain adopted the "transaction is a form of investment" model, in which users can, through trading, obtain the platform token, ET, and become a shareholder in Exchain, as well as share in the benefits and interests of Exchain. Exchain has also launched trading with no transaction fees for the first three months.