We're confident that blockchains will continue on their trajectory to become global, sovereign settlement layers -- but to achieve this we need to significantly improve our industry’s infrastructure to ensure healthy and resilient market structures 🧵 1/5 Current markets are rife with insider advantages, preferential treatment, toxic flow, and significant risk from centralized custody of assets.

Recent industry implosions highlight the seriousness of these flaws 2/5

Crypto has recently witnessed startling instances of misused client funds and misbehavior from insiders. The industry is searching for safe + secure alternatives to current exchanges with insider control. @enclavemarkets is building the first world's first FEX to fix this 🧵 1/7 @enclavemarkets' Fully Encrypted Exchange (FEX) was built from the ground up to prevent any single party - including the exchange operator - from controlling customer funds or tampering with codebase. A FEX is governed by code, not people. 2/7

1/ Since we launched in early September, we’ve been digging in to explain exactly what Enclave Markets is and why it’s special as the first fully encrypted exchange (FEX)...

Before we dive into what a FEX is, we need to start with why Enclave Markets was started

An overview: 2/ Trading crypto began with centralized exchanges (CEX), which was a fantastic way to accelerate trading but left traders vulnerable to certain insider action – including the risk of trading against users and hunting liquidations...

Excited to finally announce our first product, Enclave Cross.

theblock.co/post/168578/cr…

Let’s discuss 👇 1/ Built in a completely confidential & fully secure manner, Enclave Cross functions like a traditional Crossing Network where users bring liquidity to one side of a trade and match with a counterparty at the mid-point of the spread when there is liquidity on the other side