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COSS in Talks With B2C2 to Bring Liquidity to the Exchange

Liquidity is one of the most important components of a good exchange. Without liquidity, traders are less likely to trade and volume is less likely to rise.

Market liquidity is the degree to which an asset can be bought or sold without affecting the price of that asset. So, an exchange where you can buy multiple Bitcoin without the spot price rising has good liquidity. If purchasing multiple Bitcoin raises the price noticeably, or there aren’t even enough orders to fulfill your request, the exchange has poor liquidity. For more information about liquidity, see Investopedia.

Currently the liquidity on the COSS exchange is highly variable, depending on which pair you are trading. Some pairs have poor liquidity, some have reasonably liquidity.

The COSS team are making efforts to improve this over time, by making the exchange easier to use and incentivising trading through promotions and through the introduction of the COSS Fee Token (CFT).

The community even has a coordinated effort to create liquidity through its market maker bot – CELT. You can help to fund this bot and earn a share of the profit it earns by following this link.

COSS Announces Liquidity Partners

Recently COSS announced they would partner with the Singapore based FinTech company SNAP Innovations to provide liquidity. The process of onboarding SNAP is still ongoing.

In the most recent medium COSS spoke about this and discussed that the process of introducing another liquidity provider had begun.

We are also happy to say that we have gone through the corporate KYC process and finally got approved by yet another liquidity provider in B2C2. Again, this is a process that takes time and at this stage, our Dev team is exploring the implementation process and we are following up with B2C2 on full API implementation. We can’t give any defined timeline for when these services will be activated due to the complexity of the process and the importance of proper testing. These are just two of many actors in the field that we are currently speaking to.

What Can B2C2 Provide to COSS?

B2C2 is a leading cryptocurrency market maker. They are used by clients around the world and have traded tens of billions in cryptocurrencies to date. B2C2 was founded in 2015 and is headquartered in London.

As a market maker, they have a large pool of cryptocurrencies that COSS can buy/sell from at reasonable prices. This is all handled automatically using bots and their API.

B2C2 provides 24/7 liquidity in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum Classic (ETC) and ZCash (ZEC).

Garry Eng, CoinHako CTO says ‘B2C2’s API is simple to use, the prices are highly competitive, and they provide us instant access to liquidity, which has been an important part of scaling our business.’

B2C2 is a huge liquidity provider that COSS can utilise to provide some good depth on the main pairs. With liquidity comes volume, which is good news for the fee split allocation paid to COSS token holders. Volume is also good for the price of CFT, as it will trend upwards with increased volume.

More Liquidity Providers on Their Way?

In the Medium, it is also stated that SNAP and B2C2 are just ‘two of many’ that COSS are in talks with over liquidity. With a combination of providers, liquidity could improve dramatically over the next few months. Once we begin to see these companies in action, trading on COSS will become much quicker and easier. Expect to see a healthier FSA too.

Any thoughts on the other companies that COSS could be in talks with about liquidity? Leave a comment below.

About James

Editor at COSS holder, CFT holder and CELT holder. I'm covering the latest news on the COSS exchange as well as updates from community projects, competitors and cryptocurrency exchanges. Have you registered on COSS yet?

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