Exchange Union price is $0.00106827
As of now, the price of Exchange Union (XUC) is $ 0.00106827. Over the past 24 hours, there has been a +0.00% change in its value, it has increased.
Exchange Union is a decentralized network with a mission to solve one of the most prominent issues faced in the crypto industry- illiquidity. It bridges digital asset exchanges around the world, enabling cross-exchange trading, clearing, deposits, and withdrawals across different digital currencies and assets. The goal is to improve trading efficiency and the performance of exchanges, and to ensure the market-oriented distribution of digital currencies’ liquidity.
The mechanism of the Exchange Union eliminates the lengthy process involved in investing in a digital asset available only on a specific exchange. Instead of manual transfers across different exchanges, it provides a simple, hassle-free, and instant way to invest.
Exchange Union is led by a skilled and experienced management team. James Wo, the CEO of Exchange Union, is a key figure in the blockchain industry as the Founder and Chairman of the Digital Finance Group. Other notable names include Terry Culver (CSO), Mikael Wang (Chief Blockchain Architect), and Kilian Rausch (Product Director). Each of these individuals brings significant expertise to the table, strengthening Exchange Union's capabilities.
Exchange Union works using payment channels to offer an instant way to transfer digital assets off-chain between two parties. The transactions are only recorded on the blockchain when the payment channel is first opened and when it’s closed. Think of it as updating the balances on both ends of a channel for each transfer. Upon closing the payment channel, both parties receive their respective final balances. Notably, these payment channels are trustless, with disputes being resolved automatically through cryptography.
Exchange Union's uniqueness comes from its approach to combat the illiquidity issue prevalent in the crypto space. By bridging various digital currency exchanges worldwide, it allows investors to perform cross-exchange trading, clearing, deposits, and withdrawals for different digital currencies and assets.
Exchange Union applies blockchain technology to establish interconnections among digital currency exchanges. This revolutionary approach significantly improves the efficiency and performance of transactions, making the platform unique in the crypto market.
Currently, there are XUC in circulation.
Exchange Union (XUC) can be purchased on several exchange platforms. These include HitBTC, Hotbit, OKEx. Please ensure to do your due diligence before proceeding with any transactions.
As of now, the market cap of Exchange Union stands at $ and it ranks at #1 in the overall cryptocurrency market.
Exchange Union uses blockchain technology to realize full interconnection among digital asset exchanges. Being a blockchain-based platform allows it to seamlessly carry out upgrades, ensuring continuous innovation and relevance in rapidly advancing crypto markets. However, specifics concerning the upgrade process are not made public by the Exchange Union team.
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