The crypto market has been shaken to its core as a result of immaturity, inexperience, fraud and outright criminality.

Some traditional cryptocurrency exchanges have become untrusted brands, known more for their poor conduct than for the service they provide.

In the closing weeks of 2022, prominent centralised exchanges suffered billions in outflows.

Almost $1.5bn worth of Bitcoin alone was pulled from centralised exchanges including Binance, Kraken and Coinbase.

Over the same period, many DeFi protocols were enjoying double-digit growth.

(source: FT, Nansen Analytics)

The current trend:

Up until the end of 2021, mainstream adoption of crypto in the wholesale financial markets looked like a guaranteed certainty, now we could almost be back at square one.

Mass failures have severely impacted consumers and institutions alike, with multiple layoffs across the industry and numerous reports of honest people having lost their life savings.

The actions of a handful of bad actors have crushed consumer confidence and lead to a regulatory crackdown on the entire industry that has become increasingly punitive and overzealous.

Unless we come up with solutions to the long list of problems that continue to plague our industry, this situation will only get worse.

Is there a solution?

In order for our industry to thrive again, we need solutions to those key issues that have brought it to its knees:

• Mishandling of customer funds

• Inconsistent and unreliable exchanges

• Inconsistent and unreliable prices

• Unacceptable counterparty risk

• Complete lack of transparency

To get mainstream adoption back on track, we will need fair, transparent, and dependable mechanisms with which to trade crypto.

Only when we solve these key problems can mainstream adoption truly take off.

What does better look like?

All users of the market, from small occasional retail traders through to global clearing institutions and everyone in-between, need a way to keep on top of the risks that matter to them.

Traders need to ensure visibility over their funds, obtain access to fair and transparent pricing, and effectively manage counterparty risk.

In an ideal world, the solutions to these problems would exist on one, easy-to-use platform.

The FWDX solution!

FWDX provides an open interest order book where quotes are firm and fills are guaranteed once matched. Our markets have Zero slippage. What you see is what you get, with no deviation from the quoted price.

Our markets are based on a secure, audited smart contract, with no human intervention in the processing of orders and no counterparty risk.

Outside of the secure processes contained within our smart contracts, FWDX has no influence over your assets. You remain in full control.