Smart order routing engine deFIRE has announced a partnership with crypto market data aggregator Coin360.
The alliance comes at a crucial time with the debut of defi applications on Cardano’s blockchain and its eventual handling of high-volume institutional order flows beside scores of trades made by retail investors. Those looking forward to participating in defi on Cardano will relish deFIRE’s capabilities as an efficient routing engine.
deFire: Routing Smarter
deFIRE will be an instrumental part of Cardano’s bid to provide high-level defi capabilities to a growing market of large-scale institutional investors and retail investors trading side-by-side. Powered by the exchange service Changelly, deFIRE will be securing trades for investors at the best possible rates and lowest slippage allowed, highly desirable when crypto moves at volumes where the slightest variation from optimal trade conditions could mean losses totalling some small business payrolls.
deFIRE will also be tasked with providing the first services for onramping fiat currency for Cardano’s native tokens, yet another function that will heavily depend on accuracy and efficiency when trading assets of unlike kind from unlike environments with information systems of their own. The deFIRE platform has recently acquired $5M in funding for the purpose of facilitating the exchange of funds in the most price efficient manner possible.
Coin360: Masters of Defi Data
Coin360 has specialized in harvesting and presenting market data for traders of all sizes since 2017. Their ability to gather and present information in a usable and enjoyable way makes Coin360 one of the most trafficked sites on the internet, cracking into the top 16,000 with 4.65M visitors and a core base of users who depend on its accuracy and ability to deliver quality data.
Some of the features Coin360 users benefit from today include visual heatmaps of the current digital asset market as well as tools including widgets and liquidity books.
The partnership between deFIRE and Coin360 should translate into heaps of benefits for Cardano’s future defi clientele. In order to operate intelligently as a smart order operating engine, deFIRE will need access to the most up to date and comprehensive data concerning markets and asset values across a broad spectrum that includes information from outside of Cardano’s own ecosystem.
It’s partnership with Coin360 supercharges deFIRE’s smart order routing, allowing the platform to execute trades with the utmost precision.
Defi continues to outgrow itself, and the community is champing at the bit as it waits for Cardano to go fully online. Integrating Coin360’s defi-friendly APIs will make trading on Cardano more informed and more efficient. As every part of Cardano’s ecosystem falls into place, deFIRE and Coin360’s partnership heralds a bright future for defi enthusiasts looking for the best engine to get them into their Lambos.