BROOKLYN, N.Y., PRNewswire/ — Today, The Ocean, an institutional-grade decentralized Ethereum and ERC20 token trading platform, opened to the public for live trading. Decentralized exchanges never take custody of traders’ assets, unlike centralized cryptocurrency or traditional financial asset exchanges. This means assets can never be frozen or stolen, financial flows do not need to rely on inefficient middlemen, and there is no longer any risk of a Lehman Brothers collapse turning into a financial catastrophe. Bitcoin and blockchain technology promised to achieve this vision, but to date, it remains unrealized. According to The Ocean team, their product makes that brighter financial future a reality, thanks to superior technology, early regulatory adoption, and insight into the minds of both retail and institutional traders.
“The non-custodial exchange concept is a natural extension of cryptocurrency and blockchains, but due to a variety of technological and regulatory challenges, no one has successfully built the right platform – until now,” said John Piotrowski, a former Goldman Sachs Vice President who is now co-founder and CEO of The Ocean. “We’ve taken the approach to build a properly regulated, high performance, institutional grade platform that replicates the centralized trading experience and offers the full suite of services traders of all types expect, but in a no-risk way.”
At launch, The Ocean offers:
- 11 token pairs available for trading
- Deep liquidity with several market making partners
- Best-in-class low latency execution, as measured by independent third parties
- Fiat to crypto conversion with TrueUSD
Piotrowski continued, “We think the most successful companies in the cryptocurrency space will be those who build the right bridges to a decentralized financial future, and that eliminate unnecessary cost, time, and risk. We’re working actively with regulators, institutions, and the blockchain community to become a regulated financial exchange that lists all types of cryptocurrencies and tokenized financial products. Although this process will take time, we’re excited to announce our offerings and partners in the coming weeks and months.”