Anboto.xyz – GoDaddy customer – (Hong Kong)
Developers are leveraging .xyz domains to launch emerging decentralized finance (DeFi) platforms and cryptocurrency solutions. Crypto-focused company Alongside.xyz is aimed at helping investors diversify their portfolios. Prominent finance executive and software developer Brett Harrison’s Architect.xyz is designed for streamlined crypto trading. Fintech company Gennius.xyz is dedicated to elevating digital engagement and loyalty. In this week’s #BlockchainThursday, we’ll introduce you to a web3 startup developing trading tools for cryptocurrency traders designed to foster seamless trading across diverse platforms: Anboto.xyz.
Anboto.xyz serves as the online home of Anboto Labs, a web3 startup focused on developing algorithmic execution tools that facilitate bridging Centralized Finance (CeFi) and Decentralized Finance (DeFi) platforms. Offering a unified execution platform, Anboto aims to foster seamless trading across various exchanges, networks, and applications. The platform offers a range of algorithmic tools designed to equip crypto traders for seamless trading. Anboto Labs raised $3 million in a funding round on October 26, 2023, with support from firms such as Kronos Ventures, Mechanism Capital, and Cherry Crypto. These funds will be used to enhance trading features on the platform.1
The innovative platform offers a range of trading features geared towards enhancing trade execution and analyzing performance. It provides algorithmic tools like Time-Weighted Average Price (TWAP), Volume-Weighted Average Price (VWAP), and Iceberg orders for professional trading across various venues. The Smart Order Routing (SOR) feature aims to find the best available prices by directing orders to different exchanges. Furthermore, traders can plan, review, and execute complex trades involving multiple steps using the analysis features. These features contribute to Anboto’s goal of providing a comprehensive trading environment for crypto traders.
The Smart Order Routing (SOR) feature in Anboto’s platform is a tool designed to automate the process of finding the best available prices across different market venues by intelligently directing orders. This is pivotal in the dynamic realm of crypto trading, where even minor delays can result in less favorable prices. SOR operates by connecting to multiple exchanges or platforms, analyzing factors such as order books, prices, liquidity, and fees in real time to ascertain the most efficient route for order execution. By doing so, it aims not only to swiftly and efficiently secure the best prices for traders but also to simplify the order routing process. This feature enhances the trading experience, making it smoother and potentially more profitable. It aligns with Anboto’s goal of offering a holistic trading environment for crypto traders.
Anboto’s choice to use a .xyz domain for their platform mirrors a forward-thinking, modern approach synonymous with the next generation of internet users. The .xyz domain is becoming emblematic of innovation and modern technology, reflecting Anboto’s essence as a newer web3 startup. Additionally, the generic nature of .xyz makes it a flexible choice for any venture, allowing for seamless pivoting, expansion, or rebranding if needed. This domain choice not only aligns with Anboto’s innovative spirit but also positions them well for adaptability in the ever-evolving digital landscape. You can learn more by following the platform on X (Twitter) and LinkedIn, and by visiting Anboto.xyz.
1.https://www.nftgators.com/kronos-ventures-invests-in-3m-funding-round-for-anboto-labs/
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