Strix Leviathan Builds A Crypto Trading Platform

Strix Leviathan Builds A Crypto Trading Platform

Seattle-based company Strix Leviathan has reportedly announced its efforts to build a better enterprise platform for crypto trading.

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Seattle-based company Strix Leviathan has reportedly announced its efforts to build a better enterprise platform for crypto trading.

The company is oriented towards building a crypto-trading platform for large entities like hedge funds, banks and traditional enterprise companies that don`t want to build their own trading infrastructure.

Founded by Jesse Proudman, who is also the founder of the cloud computing company Blue Box, the company started with the idea of introducing its own algorithmic platform for cryptocurrencies.

While working on the idea, Proudman noticed that many of the leading exchanges have their problems, as he told Tech Crunch. Speaking to the media, he said:

“We’re in an immature time in the marketplace where many of the exchanges have API issues.”

That could mean that an exchange may never confirm if a trade went through, for example. For this reason, Proudman and his team started building a trading engine that can handle support for new exchanges as they come online and the idiosyncrasies of the platforms, according to the publication.

Basically, Strix Leviathan works on refining the data ingestion engine and the trade execution engine. The data ingestion engine is the one that gathers data about the value of different cryptocurrencies and related data to enable the company to build its automatic trading algorithms. Yet, the company remains focused on the execution engine that may even be of interest to existing crypto companies that are not satisfied with their current infrastructure, as Proudman believes.

In terms of funding, the project appears to be self-funded with no major investors so far, as Tech Crunch revealed.

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