The online trading platform has been experiencing rapid growth and transformation over the recent years. Thanks to the multiple games invented by the online gaming experts, many people have now been attracted by virtual asset trading. As a result, more users are delving into the buying, swapping and selling of these virtual assets. Even so, decentralization has its disadvantages with the first one being its ability to be controlled by a central entity. That is why an overwhelming part of virtual trading is made of centralized platforms.
OPSkins, one of the leaders of online trading of virtual assets has been in the industry for decades. Also known as one of the best traders of bitcoins in the planet and to which Malcolm CasSelle is the chief investment officer, it has a worldwide following of millions of gamers that make cross-border payments online. The company prides itself on being a centralized protocol for trading virtual assets. Even so, OPSkins has itslimitatons, and hence, the founders have decided to establish a centralized protocol that has little to no complications when it comes to trading.
WAX (Worldwide Asset eXchange)
Recently announced, the founders of OPSkins have just launched Worldwide Asset eXchange (WAX). The new blockchain platform will provide a decentralized trading foundation for shrewd contracts which, will, in turn, allow buyers, sellers, and traders of virtual assets to comfortably trade their assets without the fear of fragmentation or fraud. Moreover, WAX will handle virtual asset trading by incorporating block-chain enabled widgets. Well, the launch of WAX has attracted many customers with some being novice while others are curious.
Besides, with centralized platforms, intermediaries like companies come in as go-betweens to facilitate trading. This in exchange, makes it easy for the service to be passed to the next client. In turn, intermediaries collect trading fees. In essence, WAX being a centralized exchange platform will serve as the first contact for interested clients.
Malcolm CasSelle is a revered entrepreneur and business enthusiast. Also known as the president of the newly launched centralized trading platform, WAX, CasSelle has held various senior positions in different companies including New Ventures, tronc and Digital Media of SeaChange International.