The Partnership between Hidden Road and Enclave Markets
Hidden Road, a cryptocurrency brokerage and credit network for institutions, has partnered with Enclave Markets, a fully encrypted exchange, to provide a confidential trading environment for participants in the crypto market. This partnership aims to address issues such as front-running of trades and information leakage among traders at competing firms.
Key Points:
- Enclave Markets offers a confidential trading environment similar to a dark pool in traditional markets.
- Enclave has developed an exchange matching engine and account management system inside a secure enclave to minimize cyber security threats.
- Traders on Enclave’s platform only need to provide the size and direction of their proposed trade, as all trades are matched at a midpoint price determined by a pricing oracle.
- Hidden Road’s partnership with Enclave ensures that trading and settlement of assets are done directly from custody, reducing counterparty risk for institutions.
- Enclave is also partnering with custody platforms like BitGo to provide a more streamlined trading experience.
This partnership between Hidden Road and Enclave Markets offers a secure and anonymous option for trading digital assets, providing institutions with a more robust crypto trading infrastructure.
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Hot Take
The partnership between Hidden Road and Enclave Markets addresses the need for a confidential and secure trading environment in the crypto market. By combining Hidden Road’s network of custodians with Enclave’s encrypted exchange, this partnership offers institutions a streamlined and anonymous option for trading digital assets. This collaboration is a significant step towards building a more mature and trustworthy crypto trading ecosystem.
