Crypto trading platform Enclave Markets has launched a fully encrypted spot exchange, Enclave Spot, as it has seen continued interest from institutional investors. HeleneBraunn reports.
Crypto trading platform Enclave Markets has started a fully encrypted spot exchange, Enclave Spot, as it has seen continued interest from institutional investors, the company said on Wednesday.
Like a traditional exchange, Enclave Spot allows traders to buy and sell cryptocurrencies nearly instantly, but it differs in that it is hosted entirely within a secure enclave, a codebase that executes functions such as custody and trade execution. This ensures that no customer data can be leaked and used as an unfair advantage for some traders.
The new platform is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave, that oversee custody, review code updates and ensure that no entity has unilateral control.
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