We need more trading platform that are decentralized, after all that’s what blockchain technology was meant to solve, do you know that when you deposit coins to exchanges (eg. Binance, BitFlyer, Huobi, Kraken, Bittrex) they land directly into a wallet or wallets controlled by the exchange owners? The owners holds private keys (passwords) to the wallets where your coins are stored.

The problem with insolvency of centralized crypto exchanges is not known and it seems that the industry does not want to highlight it. This problem stems from the fact the centralized exchanges settle users’ funds only when they ask for withdrawal. This is the moment when the exchange physically sends coins through blockchain. Thus, it is difficult to assess if an exchange is solvent or not and this maybe a source of systemic risk in cryptocurrency markets.

Recently the concept of hybrid trading platform ( www.bbod.io ) arrived into the cryptospace where proprietary smart contract wallet system is implored this gives users possibility to create smart contract wallet designated for trading on platforms and nobody except the client has control over it. The platform reserves the limited right to settle clients’ trades daily via the system of smart contracts, that handles the flow of capital (eg. profit and losses from trading).