Blockchain Infrastructure Chain Launches Chain Prime after Acquisition of Encryption Provider

02/21/2023 22:25 • Blockchain Briefs • 91 views

It is reported that Chain, the blockchain infrastructure, announced the acquisition of a licensed European encryption provider, which has become a new entity Chain Europe UAB. After this new acquisition, Chain launched Chain Prime, an automatic over-the-counter (OTC) trading system designed to enable customers to obtain deep liquidity through Chain Engine. Chain Prime aims to aggregate centralized order books from top exchanges to provide users with the best execution rate.

Chain announced the acquisition of European licensed cryptocurrency companies and launched Chain Prime

Analysis based on this information:

Blockchain infrastructure provider, Chain, has announced the acquisition of a licensed European encryption provider, thereby establishing a new entity, Chain Europe UAB. The new acquisitionand the establishment of the new entity has enabled Chain to launch Chain Prime, an OTC trading system designed to provide its customers with deep liquidity through Chain Engine. Chain Prime automatically aggregates centralized order books from top exchanges to provide users with the best execution rates.

Chain Prime is a significant addition to Chain infrastructure, with the potential to attract and retain more customers. As a decentralized system, blockchain requires access to deep liquidity to provide the stability needed for trade. Therefore, a robust and automatic OTC trading system is a considerable advantage that any blockchain infrastructure provider offers.

Chain is taking advantage of the acquisition, setting itself up as an industry leader in providing a comprehensive blockchain infrastructure. The use of encryption is important as it offers greater privacy, increases security and prevents data loss. By leveraging Chain Europe UAB’s encryption process, Chain gains access to advanced encryption technology and protocols to further its blockchain infrastructure.

The OTC trading system designed for Chain Prime is an automatic system that allows customers to gain deep liquidity from Chain Engine – the blockchain infrastructure’s engine. Chain Prime aggregates order books from the most prominent centralized exchanges, providing users with the best execution rates. This means that orders placed on the system have a greater chance of being executed at a rate far more favorable than what they would get through other OTC trading desks.

Chain Prime will provide faster and seamless execution of trades, making it easy and efficient for customers to trade in high volumes with great ease. Chain Prime is a unique trading system that is designed to favor customers, offering deep liquidity, faster and smooth execution of trades, and the best execution rates in the market.

In conclusion, with the new acquisition of Chain Europe UAB and the launch of Chain Prime, Chain is well-positioned to become an industry leader in blockchain infrastructure providers. The new system is expected to attract and retain more customers with its advanced encryption protocols, providing users with deep liquidity, smooth execution of trades, and the best execution rates.

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